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New Jersey transfer tax rules (2026)
Paid by the seller. Since July 10, 2025 the old 1% buyer "mansion tax" became a seller-paid graduated fee of 1%–3.5% on the whole price above $1 million. Seniors, the disabled and some low-income sellers get reduced rates.
| Tax | Rate | Usually paid by |
|---|---|---|
| Realty transfer fee (sales up to $350,000)price up to $350,000 | 0.4%–0.78% (graduated) | Seller |
| Realty transfer fee (sales over $350,000)price over $350,000 | 0.58%–1.21% (graduated) | Seller |
| Graduated percent fee on sales over $1 million (residential) | 1%–3.5% of the whole price above $1,000,001 (by price bracket) | Seller |
New Jersey transfer tax by home price
| Home price | Buyer | Seller | By contract | Total taxes |
|---|---|---|---|---|
| $200,000 | $0 | $935 | — | $935 (0.47%) |
| $250,000 | $0 | $1,325 | — | $1,325 (0.53%) |
| $500,000 | $0 | $4,175 | — | $4,175 (0.84%) |
| $750,000 | $0 | $6,775 | — | $6,775 (0.9%) |
| $1,000,000 | $0 | $9,575 | — | $9,575 (0.96%) |
| $1,500,000 | $0 | $30,625 | — | $30,625 (2.04%) |
10% down, principal residence. Taxes split by law are shown half to each side. Exemptions (first-time buyer, senior, affordable housing) aren't applied.
New Jersey vs other states
On a $400,000 home New Jersey's taxes are $3,215 (0.8%), the 10th highest of 51. States nearby in the ranking:
- Vermont$3,940
- Michigan$3,440
- Rhode Island$3,000
- Nevada$2,040
All states: real estate transfer tax by state. Monthly payment: New Jersey mortgage calculator · how much house you can afford in New Jersey.
Sources
- NJCPA — guidance on the increase in the NJ realty transfer fee (2025)
- EY Tax News — NJ, PA, Philadelphia and RI transfer tax updates (Aug 2025)
Checked 2026-10-23. Rates change — we re-check every state on a schedule. Confirm with your title company or closing attorney.
Closing cost calculators for other states
- Alabama
- Alaska
- Arizona
- Arkansas
- California
- Colorado
- Connecticut
- Delaware
- District of Columbia
- Florida
- Georgia
- Hawaii
- Idaho
- Illinois
- Indiana
- Iowa
- Kansas
- Kentucky
- Louisiana
- Maine
- Maryland
- Massachusetts
- Michigan
- Minnesota
- Mississippi
- Missouri
- Montana
- Nebraska
- Nevada
- New Hampshire
- New Jersey
- New Mexico
- New York
- North Carolina
- North Dakota
- Ohio
- Oklahoma
- Oregon
- Pennsylvania
- Rhode Island
- South Carolina
- South Dakota
- Tennessee
- Texas
- Utah
- Vermont
- Virginia
- Washington
- West Virginia
- Wisconsin
- Wyoming
Assumptions
- Transfer and recording taxes use each state's published rates; exemptions (first-time buyer, senior, affordable housing) aren't applied unless noted.
- Who pays a tax can be changed by the purchase contract; "either" means local custom or the contract decides.
- Other closing costs (lender, title, appraisal, prepaid items) vary widely — use your Loan Estimate for real numbers.
- New Jersey rules checked 2026-10-23: NJCPA — guidance on the increase in the NJ realty transfer fee (2025); EY Tax News — NJ, PA, Philadelphia and RI transfer tax updates (Aug 2025).
Frequently asked questions
How much is the transfer tax in New Jersey?+
On a $495,000 home (about the New Jersey median) the taxes come to $4,127, or 0.83% of the price: Realty transfer fee (sales over $350,000) $4,127 (seller).
Who pays the transfer tax in New Jersey, the buyer or the seller?+
Realty transfer fee (sales up to $350,000): seller; Realty transfer fee (sales over $350,000): seller; Graduated percent fee on sales over $1 million (residential): seller. Who pays can be negotiated in the purchase contract.
What are closing costs in New Jersey?+
Expect transfer and recording taxes ($4,127 on a $495,000 home) plus lender, title, appraisal and prepaid costs, which typically add about 2%–5% of the price nationally. Your lender's Loan Estimate shows the real numbers.
How does New Jersey compare with other states?+
On a $400,000 home, New Jersey's $3,215 in taxes ranks 10th highest of 50 states and DC. Delaware is highest at $16,000; 15 states charge no state transfer tax at all.
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Uses 2026 rules and limits. Last reviewed October 23, 2026. Calculator version 1.0.0. Sources: Freddie Mac (via industry summaries) — closing costs typically 2%–5% of the purchase price. Results are estimates for educational purposes, not financial, tax or lending advice. How we check our numbers. Embed this calculator on your site for free.