Guidance on Increase in New Jersey Realty Transfer Fee
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July 2, 2025
New Jersey's FY26 budget includes an increase in realty transfer fees for residential and commercial properties selling for more than $1 million.
According to a July 2 memorandum from the New Jersey Division of Taxation, the following rates will be in effect for deeds that are submitted to the county recording officer on or after July 10, 2025:
- 1% of total consideration if in excess of $1,000,000 but not in excess of $2,000,000
- 2% of total consideration if in excess of $2,000,000 but not in excess of $2,500,000
- 2.5% of total consideration if in excess of $2,500,000 but not in excess of $3,000,000
- 3% of total consideration if in excess of $3,000,000 but not in excess of $3,500,000
- 3.5% of total consideration if in excess of $3,500,000
The information in this guide has been gathered from many sources, including the Internal Revenue Service, the Social Security Administration, state agencies, professional organizations and members of the NJCPA. The majority of state agencies offer online and prerecorded services. It’s best to check online or call before you visit.
Material contained within this guide should be augmented by, and used in accordance with, a certified public accountant's professional judgment. Your CPA can properly apply the tax laws and regulations to the facts and circumstances of your particular situation. For help with locating a CPA, visit findacpa.org.
The New Jersey Society of Certified Public Accountants is not responsible for any claims arising as a result of this information or its usage.
This guide was updated in August 2024. Future users of this material are cautioned that some portions, particularly tax-related information, may become outdated.