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- For standard transactions and new construction sold in 2024 for $350,000 or less, the Realty Transfer Fee is anywhere from $2 to $3.90 for every $500 over the home's sale price, up to $350,000.
www.northjersey.com/story/money/real-estate/2024/10/09/buying-selling-home-nj-real-estate-taxes-fees/74862410007/8 taxes and fees you'll face when buying or selling a home in NJ
This calculator provides an estimate of the Realty Transfer Fee (RTF) that you will need to pay when you sell real property in New Jersey. Simply enter your home’s sales price, with no commas and click calculate.*
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Oct 11, 2022 · This page provides links for assistance with regard to the GIT/REP, Realty Transfer Fee (RTF), Controlling Interest Transfer Tax (CITT), and Bulk Sales. GIT/REP: Estimated Gross Income Tax Payment Requirement for Nonresident Sellers of Real Property in New Jersey
Dec 6, 2022 · See the Realty Transfer Fee Rate Schedule for no exemption, partial exemption, and new construction for total consideration not in excess of $350,000. For total consideration in excess of $350,000: $2.90/$500 of consideration not in excess of $150,000; $4.25/$500 of consideration in excess of $150,000 but not in excess of $200,000;
The CITT is a 1% fee on the transfer of a controlling interest in an entity that directly or indirectly owns certain real property. The CITT is only imposed if the real property is classified as "4A Commercial" and if the consideration or other valuation of the real property is greater than $1,000,000.
This calculator is based on the State of New Jersey's Division of Taxation's Realty Transfer Fee Page. Enter the Transaction Price: Select the Exemption Status: Standard, New Construction. Seniors, Blind/Disabled, Low/Moderate Income Housing.
Transfer Tax Calculator. The Realty Transfer Fee is imposed upon the recording of deeds evidencing transfers of title to real property in the State of New Jersey.
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Brokerage services provided by Hauseit LLC, Licensed Real Estate Broker in New York (License #10991232340) and New Jersey (License #2446051), and Hauseit Group LLC, Licensed Real Estate Broker in Florida (License #CQ1064175).
