New Jersey Transfer Tax Calculator: What to Expect
This simple calculator can help home sellers in New Jersey estimate their transfer taxes. To get a ballpark idea of the transfer fees you might pay in the Garden State, enter your home’s estimated selling price above.
Need a selling price? Try HomeLight’s free Home Value Estimator to see what your house might be worth. To receive a more accurate listing price, contact a top New Jersey real estate agent and request a Comparative Market Analysis (CMA), a report that will compare your home against nearby listed and recently sold properties.
A top real estate agent can provide you with a Seller’s Net Sheet that breaks down all the costs of selling your home, along with an estimate of the proceeds you can expect. Use HomeLight’s free Agent Match platform to find a trusted local agent with excellent reviews and a proven track record.
See a full cost and proceeds breakdown
How the New Jersey Transfer Tax is Calculated
NJ’s transfer tax, known as the Realty Transfer Fee (RTF), is based on the home’s sale price.
Below is a table showing New Jersey’s transfer tax tiers:
Total Consideration not Over $350,000
| Consideration Over | But not over | Rate/$500 |
| $0 | $150,000 | $2.00 |
| $150,000 | $200,000 | $3.35 |
| $200,000 | $350,000 | $3.90 |
Total Consideration Over $350,000
| Consideration Over | But not over | Rate/$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 |
| $1,000,000* | $6.05 |
Source: NJ Division of Taxation
For example, if you sold your home for $521,000 (NJ’s median home price), and applied the $4.80 per $500 rate, you could expect to pay approximately $4,376 in transfer taxes.
»Learn more: A Seller’s Guide to Understanding New Jersey’s Transfer Tax
See the bigger home sale picture: To see what your entire home sale might cost, try HomeLight’s New Jersey Seller Closing Cost Calculator. You’ll also get a preliminary look at your estimated net proceeds.
Does the Seller Always Pay the NJ Transfer Tax?
While it’s customary for the seller to pay the New Jersey Realty Transfer Fee, who pays can sometimes be a point of negotiation between the buyer and seller during the closing process.
Some New Jersey home sales may be exempt, such as:
- For considerations under $100.
- Transactions involving the U.S., this State, or their entities.
- To secure or release a debt.
- Correcting or confirming previous deeds.
- Due to delinquent tax sales.
- For partition purposes.
- By bankruptcy trustees or similar entities.
- For “ancient deeds” as per R.S. 46:16-7.
- If acknowledged before July 3, 1968.
- Between spouses or a parent and a child.
- Transferring cemetery lots.
Make Buying and Selling Easier: Most New Jersey sellers are also buyers looking to purchase a new home. With HomeLight’s Buy Before You Sell program, you can make a non-contingent offer on your new home and only move once. Watch this short video to learn more.
More Resources to Plan Your New Jersey Home Sale
Here are some additional tools to help you plan your New Jersey home sale:
- Net Proceeds Calculator
- Map of recently sold homes in NJ
- Listing Agent Match platform
- Home Value Estimator
- Best Time to Sell Calculator
- Agent Commission Calculator
Sell fast without paying fees or commissions: Get a cash offer today.
With HomeLight’s Simple Sale platform, you can receive a no-obligation, all-cash offer for your New Jersey home in 24 hours. If you accept the offer, you can close in as few as 10 days. Answer a few questions about your New Jersey home to get started. Along with your cash offer, you’ll also receive an expert estimate of what a top New Jersey agent might be able to get for your home. Receive both selling options with one tool.
As you look ahead to your next home purchase, here are some helpful buyer tools: