The rate schedule
From the NJ Division of Taxation, for standard transactions:
| Price up to $350,000 | Rate per $500 |
|---|---|
| $0 – $150,000 | $2.00 |
| $150,000 – $200,000 | $3.35 |
| $200,000 – $350,000 | $3.90 |
| Price over $350,000 | Rate per $500 |
|---|---|
| $0 – $150,000 | $2.90 |
| $150,000 – $200,000 | $4.25 |
| $200,000 – $550,000 | $4.80 |
| $550,000 – $850,000 | $5.30 |
| $850,000 – $1,000,000 | $5.80 |
| Over $1,000,000 | $6.05 |
Source: NJ Division of Taxation, Realty Transfer Fee (nj.gov/treasury/taxation/realty.shtml). Reduced rates and exemptions exist for some sellers, such as qualifying senior, blind and disabled sellers. Confirm with your attorney.
Worked examples
| Sale price | Realty Transfer Fee | Graduated Percent Fee | Total |
|---|---|---|---|
| $300,000 | $1,715 | — | $1,715 |
| $450,000 | $3,695 | — | $3,695 |
| $600,000 | $5,185 | — | $5,185 |
| $800,000 | $7,305 | — | $7,305 |
| $1,000,000 | $9,575 | — | $9,575 |
| $1,500,000 | $15,625 | $15,000 | $30,625 |
| $2,250,000 | $24,700 | $45,000 | $69,700 |
Computed from the Division of Taxation schedule for standard transactions. Partial-exemption rates aren’t shown.
Over $1 million
Above $1,000,000, sellers also owe the Graduated Percent Fee on the whole price, from 1% to 3.5% depending on the price. See the graduated percent fee.
Run your own numbers
The seller net sheet computes the RTF automatically along with payoff, commission and other costs.
Questions, answered
Who pays the realty transfer fee in New Jersey?
By law, the seller. Contracts can shift costs between parties, but by default it is the seller’s cost.
General information, not legal, tax or lending advice. Rules change; confirm with your attorney, tax professional or lender.