What is the Realty Transfer Fee in New Jersey?

The Realty Transfer Fee (RTF) is a state fee charged when a deed is recorded, normally paid by the seller. It is graduated, rising from about $4 per $1,000 on the first $150,000 of price to about $11.40 per $1,000 on amounts over $1 million.

What is the New Jersey mansion tax?

The mansion tax is an additional 1% fee on the entire consideration of certain residential and commercial property transfers of $1,000,000 or more. It is paid by the buyer, separately from the seller's Realty Transfer Fee.

Who pays the transfer fee in New Jersey?

The seller (grantor) ordinarily pays the Realty Transfer Fee at closing when the deed is recorded. The buyer (grantee) pays the 1% mansion tax when it applies. Parties can negotiate who covers these costs, but those are the statutory defaults.

Are any transfers exempt or partially exempt?

Yes. Reduced rates apply for senior citizens, blind or disabled sellers, and low-and-moderate-income housing, and full exemptions exist for transfers like those between spouses or for nominal consideration. This tool estimates the standard, non-exempt rate.

Does the price cross into a higher band tax the whole amount?

No. The Realty Transfer Fee is graduated, so each band of the price is taxed at its own per-$500 rate. Only the portion of the price within a higher band is charged the higher rate, not the entire sale price.

New Jersey Real Estate Transfer Tax Calculator

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Selling or buying a home in New Jersey carries two distinct transfer costs: the seller’s graduated Realty Transfer Fee and, on million-dollar homes, the buyer’s 1% mansion tax. This calculator applies the per-$500 rate bands and the mansion tax to estimate both.

How it works

The Realty Transfer Fee is computed in graduated bands on the sale price (consideration), with the rate rising as price increases:

$0 – $150,000        : $4.00 per $1,000
$150,000 – $200,000  : $6.70 per $1,000
$200,000 – $350,000  : $7.80 per $1,000
$350,000 – $550,000  : $9.60 per $1,000
$550,000 – $850,000  : $10.60 per $1,000
$850,000 – $1,000,000: $11.20 per $1,000
over $1,000,000      : $11.40 per $1,000

mansion tax = price ≥ $1,000,000 ? price × 1% : 0

The Realty Transfer Fee is the seller’s cost; the 1% mansion tax is the buyer’s cost and applies to the full consideration once the price reaches $1 million.

Example and tips

On a $400,000 home, the Realty Transfer Fee runs through the lower bands and totals roughly $3,300, paid by the seller, with no mansion tax. On a $1,200,000 home, the seller’s fee is about $11,000 and the buyer separately owes a 1% mansion tax of $12,000. Because the fee is graduated, crossing a band threshold only raises the rate on the dollars above it. If the seller is a qualifying senior, blind, or disabled person, a reduced rate applies that this standard estimate does not include.