Average Transfer Tax in New Jersey (2026 Data)
Last updated: 2026-04-04
New Jersey transfer tax benchmark
| Range | Low | Typical | High | Flag Above |
|---|---|---|---|---|
| Transfer Tax | $0.00/thousand | $2.00/thousand | $10.00/thousand | $15.00/thousand |
Based on New Jersey closing cost data. Median home price: $540,000. Rates shown per $1,000 of coverage or sale price.
What the transfer tax covers
Transfer taxes (also called deed stamps, documentary stamps, or excise taxes) are taxes imposed by state, county, or city governments when real property changes hands. The tax is typically calculated as a rate per thousand dollars of the sale price. Transfer taxes appear in Section E of your Closing Disclosure.
Transfer tax rules vary enormously by state. About 13 states impose no transfer tax at all (including Texas, Indiana, and Wyoming). Others charge modest rates ($1 to $3 per thousand). A few states and cities have very high rates — New York City's combined transfer taxes can exceed 2% of the sale price.
This fee appears in Section E — Taxes and Other Government Fees of your Closing Disclosure.
Is the transfer tax negotiable in New Jersey?
Transfer taxes in New Jersey are set by law and non-negotiable. They are customarily paid by the seller. Who pays can be renegotiated in the purchase contract.
New Jersey note
New Jersey Realty Transfer Fee (RTF), paid by seller. For sales above $350,000 (most NJ transactions), six-bracket structure: $0–$150K of price: $2.90/$500; $150K–$200K: $4.25/$500; $200K–$550K: $4.80/$500; $550K–$850K: $5.30/$500; $850K–$1M: $5.80/$500; above $1M: $6.05/$500. First-time homebuyers receive an exemption on the first $150K of purchase price (buyer-side exemption). Graduated Percent Fee (GPF, formerly 'mansion tax'): effective July 10, 2025, sellers pay an additional graduated fee on residential sales $1M+: 1% on $1M–$2M; 2% on $2M–$2.5M; 2.5% on $2.5M–$3M; 3% on $3M–$3.5M; 3.5% above $3.5M. The GPF applies to the total consideration once a threshold is crossed. Effective July 10, 2025, NJ's 'mansion tax' on $1M+ sales was restructured: the payer shifted from buyer to seller, and the rate became graduated (1%–3.5%) rather than a flat 1%. This is a major change from prior law. The RTF brackets shown apply to sales above $350K; a separate lower-bracket schedule applies to sales at or below $350K. NJ's RTF is among the highest in the nation for high-value properties.
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Red flags: signs your transfer tax is inflated
Transfer tax rate doesn't match the published state or county rate for your jurisdiction
Transfer tax charged in a state that has no transfer tax
Buyer is being charged a transfer tax that is customarily paid by the seller in that state
City or county transfer tax is missing when the jurisdiction imposes one
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Transfer Tax questions
Does every state have a transfer tax?
No. About 13 states have no transfer tax at any level — including Texas, Indiana, Wyoming, Montana, Idaho, Mississippi, Missouri, New Mexico, North Dakota, Utah, Alaska, Louisiana, and Oregon.
Who pays the transfer tax — buyer or seller?
It depends on the state and the contract. In many states, the seller customarily pays. In others, it's the buyer or split. The purchase contract can override local custom, so check your agreement.
Can transfer taxes be negotiated?
The tax rate itself cannot be negotiated — it's set by law. But who pays it can be negotiated in the purchase contract. Some buyers successfully negotiate for the seller to cover transfer taxes as a concession.
Related pages
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