Updated October 2026. Division of Taxation rate schedules and memos checked on October 31, 2026.
In New Jersey, the seller pays both the realty transfer fee and the “mansion tax.” The transfer fee runs from about 0.4% to 1.2% of the price on a graduated scale: $4,925.30 on the typical $575,100 home (October 2026). On sales over $1 million, the mansion tax adds 1% to 3.5%. It moved from buyer to seller on July 10, 2025.
Beycome doesn’t list homes in New Jersey yet. This guide walks through the state’s transfer fees so you can plan your numbers on your own. Want to know when we open here? Ask to be notified.
Jump to: 💲 Fee table · 📊 Rates · 🏛️ Mansion tax · 🤝 Who pays · ✅ Exemptions · ❓ FAQ
Key takeaways
- The realty transfer fee is charged per $500 of price, at rates that climb in steps.
- Above $350,000, a higher rate table applies to the whole price, so the fee jumps $634.80 between $350,000 and $350,500.
- The Graduated Percent Fee, or mansion tax, starts above $1,000,000 and applies to the whole price.
- Since July 10, 2025, the law puts both fees on the seller. Some older pages still say the buyer pays the mansion tax.
How much is the New Jersey transfer fee at common prices?
Here’s what a seller pays at the deed recording, using the Division of Taxation’s schedule. The partial exemption column is for qualifying sellers 62 or older, and some blind or disabled sellers.
| Sale price | Realty transfer fee | With senior partial exemption | Mansion tax | Seller’s total (no exemption) | Share of price |
|---|---|---|---|---|---|
| $300,000 | $1,715.00 | $525.00 | $0 | $1,715.00 | 0.57% |
| $350,000 | $2,105.00 | $650.00 | $0 | $2,105.00 | 0.60% |
| $350,500 | $2,739.80 | $1,282.15 | $0 | $2,739.80 | 0.78% |
| $500,000 | $4,175.00 | $1,925.00 | $0 | $4,175.00 | 0.83% |
| $575,100 (typical NJ home) | $4,925.30 | $2,275.15 | $0 | $4,925.30 | 0.86% |
| $750,000 | $6,775.00 | $3,200.00 | $0 | $6,775.00 | 0.90% |
| $1,000,000 | $9,575.00 | $4,675.00 | $0 | $9,575.00 | 0.96% |
| $1,250,000 | $12,600.00 | $6,375.00 | $12,500.00 | $25,100.00 | 2.01% |
| $2,200,000 | $24,095.00 | $12,835.00 | $44,000.00 | $68,095.00 | 3.10% |
| $2,750,000 | $30,750.00 | $16,575.00 | $68,750.00 | $99,500.00 | 3.62% |
| $4,000,000 | $45,875.00 | $25,075.00 | $140,000.00 | $185,875.00 | 4.65% |
The $575,100 row uses the typical New Jersey home value for September 2026 from the Zillow Home Value Index. Mansion tax doesn’t change with the senior exemption. Want your full net number? Our cost of selling calculator adds the rest.
How is the realty transfer fee calculated?
The fee is a dollar amount per $500 of the price, or part of $500. Each slice of the price gets its own rate. Which table you use depends on whether the total is over $350,000.
At $350,000 or less, the rates are:
- $2.00 per $500 on the first $150,000.
- $3.35 per $500 from $150,000 to $200,000.
- $3.90 per $500 from $200,000 to $350,000.
Above $350,000, a higher table applies to the whole price:
- $2.90 per $500 on the first $150,000.
- $4.25 per $500 from $150,000 to $200,000.
- $4.80 per $500 from $200,000 to $550,000.
- $5.30 per $500 from $550,000 to $850,000.
- $5.80 per $500 from $850,000 to $1,000,000.
- $6.05 per $500 above $1,000,000.
Here’s the math on $575,100. The first $150,000 is 300 slices at $2.90, or $870. The next $50,000 is 100 slices at $4.25, or $425. From $200,000 to $550,000 is 700 slices at $4.80, or $3,360. The last $25,100 rounds up to 51 slices at $5.30, or $270.30. The total is $4,925.30.
Because the higher table kicks in for the whole price, a home that sells for $350,500 pays $634.80 more than one at $350,000. If your price lands right around that line, it’s worth knowing before you sign. Our guide on pricing your home can help you pick a number.
How does the New Jersey mansion tax work now?
The state calls it the Graduated Percent Fee. A 2025 law, P.L.2025, c.69, replaced the old flat 1% charge and took effect on July 10, 2025. It applies to residential homes, co-op units, farms with a house and most commercial property when the price is over $1,000,000.
The rate depends on the total price, and it applies to the whole amount, not just the part over $1 million:
- 1% if the price is over $1,000,000, up to $2,000,000.
- 2% if it’s over $2,000,000, up to $2,500,000.
- 2.5% if it’s over $2,500,000, up to $3,000,000.
- 3% if it’s over $3,000,000, up to $3,500,000.
- 3.5% if it’s over $3,500,000.
So a $1,000,000 sale owes no mansion tax, but $1,000,500 owes $10,005. At $2,750,000, it’s 2.5% of the full price, or $68,750, the same example the Division of Taxation uses. That’s on top of the regular transfer fee.
Who pays the transfer fee and the mansion tax in New Jersey?
The seller, for both. The Division of Taxation’s realty transfer fee page says the seller “is statutorily responsible” for the fee and the Graduated Percent Fee. Before July 10, 2025, the buyer paid the 1% mansion tax. You’ll still see that on some older pages, and even on some state guides that haven’t been updated.
Can a contract shift the cost? The Division’s July 9, 2025 memo says the state doesn’t care who writes the check, as long as the fee is paid. If buyer and seller agree to split or shift a fee, that’s a matter of contract law between them. The seller stays legally liable for refunds and audits. Talk to your attorney before you agree to anything unusual.
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Buy a home →One more seller cost to know: if you don’t live in New Jersey when you sell, you pay an estimated income tax at closing of 2% of the price or 10.75% of the gain, whichever is greater (NJ Division of Taxation, GIT/REP, read October 31, 2026). It’s credited when you file your nonresident return. Our guide on capital gains when selling a house explains the home sale exclusion.
Who is exempt from the New Jersey realty transfer fee?
Some deeds owe nothing. The Division of Taxation lists the full exemptions, including:
- Deeds for less than $100.
- Deeds between spouses, or between parent and child.
- An executor’s deed to an heir named in the will.
- A deed recorded within 90 days of a divorce decree between the former spouses.
- A deed that only confirms or corrects an earlier one.
The partial exemption covers qualifying seniors 62 or older, qualifying blind or disabled sellers, and low and moderate income housing. You claim it on Form RTF-1, the seller’s affidavit, signed before a notary and recorded with the deed. It’s a personal exemption, so an estate, a trust or a company can’t use it.
Selling a parent’s home? Our guide on selling a deceased parent’s house covers the steps. Comparing states? Pennsylvania splits a 2% transfer tax by custom, as our Pennsylvania guide explains, and our guide to closing costs covers the other lines on your settlement sheet.
More New Jersey guides: How to Sell Your House in New Jersey Without a Realtor, New Jersey Seller Disclosure Requirements in 2026, New Jersey Attorney Review Period: How the 3 Days Work, Sell Your House by Owner in Jersey City, NJ (2026).
New Jersey transfer fee questions
Who pays the realty transfer fee in New Jersey?
The seller. New Jersey law makes the seller responsible for the realty transfer fee, collected when the deed is recorded.
Who pays the mansion tax in New Jersey in 2026?
The seller. Since July 10, 2025, the Graduated Percent Fee on sales over $1 million is legally owed by the seller, not the buyer.
How much is the realty transfer fee on a $500,000 house in NJ?
$4,175 with no exemption, or $1,925 with the senior partial exemption, based on the Division of Taxation’s rate schedule (October 2026).
What are the New Jersey mansion tax rates?
1% over $1 million, 2% over $2 million, 2.5% over $2.5 million, 3% over $3 million and 3.5% over $3.5 million. The rate applies to the whole price.
Can the buyer agree to pay the New Jersey transfer fee?
Buyer and seller can agree to shift costs in their contract. The state treats that as a private deal and still holds the seller legally liable.
Do seniors pay less realty transfer fee in New Jersey?
Yes. Qualifying sellers 62 or older get lower rates by filing a notarized Form RTF-1. On $575,100, the fee drops from $4,925.30 to $2,275.15.
Is there a transfer fee between family members in New Jersey?
Deeds between spouses, or between parent and child, are fully exempt. A stepchild doesn’t count unless legally adopted.
Reviewed by Beycome Brokerage Realty LLC, a licensed real estate brokerage (not licensed in New Jersey). Licenses: beycome.com/faq/how-to/are-you-a-licensed-broker/.
Fee amounts are computed from the Division of Taxation’s published rates and match its rate schedule tables, read on October 31, 2026. The fee is charged per $500 of price or part of $500. Mansion tax applies to Class 2 residential, Class 3A farms with a house, Class 4A commercial and Class 4C co-op transfers.
This is general information, not legal or tax advice. Ask your closing attorney or title company to confirm the exact fee for your deed.
Sources
- New Jersey Division of Taxation, Realty Transfer Fee (rates, exemptions, Graduated Percent Fee): nj.gov, read October 31, 2026.
- New Jersey Division of Taxation, Realty Transfer Fee FAQs: nj.gov, read October 31, 2026.
- Division of Taxation, Realty Transfer Fee schedule, consideration over $350,000: nj.gov.
- Division of Taxation, Realty Transfer Fee schedule, consideration not over $350,000: nj.gov.
- Division of Taxation memo, Amendments to Graduated Percent Fee (July 2, 2025): nj.gov.
- Division of Taxation memo, Clarification on Graduated Percent Fee Implementation (July 9, 2025): nj.gov.
- Division of Taxation, Buying or Selling a Home in New Jersey (nonresident estimated tax): nj.gov.
- Zillow Research, Zillow Home Value Index (September 2026): zillow.com.
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