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  1. www.njrealtor.com › consumers › realty-transfer-feeRealty Transfer Fee Calculator › NJ REALTORS®

    The Realty Transfer Fee (RTF) was established in New Jersey in 1968 to offset the costs of tracking real estate transactions. Upon the transfer of the deed to the buyers the seller pays the RTF, which is based on their property's sales price. Payment of the RTF is a prerequisite for recording the deed, and it should be noted that in addition to ...

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  2. www.nj.gov › treasury › taxationNJ Division of Taxation - Realty Transfer Information

    Oct 11, 2022 · N.J.S.A. 54A:8-8 through 8-10 require that nonresident sellers, transferors, and grantors, pay estimated gross income tax in the amount of 2% of the consideration paid on their sale of real property in New Jersey. The nonresident must remit the payment to the Division of Taxation before or at the closing and file the estimated gross income tax ...

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  4. www.nj.gov › treasury › taxationNJ Division of Taxation - Realty Transfer Fee

    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. The buyer is exempt from the CITT if they ...

  5. www.nj.gov › treasury › taxationNJ Division of Taxation - NJ Realty Transfer Fees

    Dec 6, 2022 · For total consideration not in excess of $350,000: $3.90/$500 of consideration in excess of $200,000 but not in excess of $350,000. 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:

  6. vested.com › calculator-realty-transfer-tax-njReal Estate Transfer Tax Calculator | New Jersey - Vested

    The law has been amended in January 2005 to confirm that even if there is no gain, or the gain is minimal, the seller must pay a sum equivalent to 2% of the gross consideration. The Mansion Tax is paid by the purchaser. The Mansion Tax rate is 1% of the sales price when the price is more than $1,000,000.

  7. listwithclever.com › real-estate-blog › new-jerseyNew Jersey Real Estate Transfer Taxes: An In-Depth Guide ...

    Mar 21, 2024 · New Jersey's current transfer tax rate is variable, ranging from $2.00 to $6.05 per $500 and scales the more expensive a home is. For a house worth $535,982 — the median home price in the state — the transfer tax due will be about $4,288. Sellers are in charge of paying this amount, though buyers will have a partial tax due for home ...

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  9. www.northjersey.com › story › money8 taxes and fees you'll face when buying or selling a home in NJ

    Oct 9, 2024 · The Director's Ratio is announced on or before Oct. 1 each year. For standard transactions and new construction sold in 2024 for $350,000 or less, the Realty Transfer Fee is anywhere from $2 to $3 ...

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