New Jersey Transfer Tax and Mansion Tax Calculator
Figures verified November 12, 2026 against NJ Division of Taxation, realty transfer fee · Update log
Short answer
New Jersey's realty transfer fee is about 0.4% to 1.2% of the price (graduated), plus 1% to 3.5% over $1 million. The seller pays both the realty transfer fee and, on sales over $1 million, the graduated percent fee (the new "mansion tax"). Since July 10, 2025, the buyer no longer pays the old 1% mansion tax. On a $500,000 home, it comes to about $4,175. An executor's deed handing an inherited house to an heir owes none.
Free calculator
New Jersey transfer tax calculator
Enter the sale price to see each tax, who pays it, and the total. Amounts like 650k or 2.5m work.
New Jersey
Transfer tax: $4,175 (0.83% of the price)
- Realty transfer feeSeller. On sales over $350,000: $2.90 per $500 on the first $150,000, rising to $6.05 per $500 above $1 million.$4,175
- Seller pays
- $4,175
- Buyer pays
- $0
Giving the house to an heir instead of selling it? The executor's deed to an heir is exempt here. How it works in New Jersey
An estimate from the rates on our New Jersey page. The title company or closing attorney works out the final figure; recording fees and the agent's commission aren't included.
New Jersey transfer tax rates
| Tax | Rate | Who pays |
|---|---|---|
| Realty transfer feeFor prices of $350,000 or less | $2 per $500 (0.4%) on the first $150,000; $3.35 per $500 (0.67%) from $150,000 to $200,000; $3.90 per $500 (0.78%) above $200,000 | Seller |
| Realty transfer feeFor prices over $350,000 | $2.90 per $500 (0.58%) on the first $150,000; $4.25 per $500 (0.85%) from $150,000 to $200,000; $4.80 per $500 (0.96%) from $200,000 to $550,000; $5.30 per $500 (1.06%) from $550,000 to $850,000; $5.80 per $500 (1.16%) from $850,000 to $1,000,000; $6.05 per $500 (1.21%) above $1,000,000 | Seller |
| Graduated percent fee ("mansion tax") | 1% over $1,000,000; 2% over $2,000,000; 2.5% over $2,500,000; 3% over $3,000,000; 3.5% over $3,500,000 (on the whole price) | Seller |
Who pays the transfer tax in New Jersey?
The seller pays both the realty transfer fee and, on sales over $1 million, the graduated percent fee (the new "mansion tax"). Since July 10, 2025, the buyer no longer pays the old 1% mansion tax.
Whatever the custom, the purchase contract can shift the tax to the other side, so check it before you agree a price. The closing agent collects the tax from the sale money and pays it when the deed is recorded.
Selling an inherited house in New Jersey
An inherited house reaches the heirs in one of three ways, and the transfer tax depends on which:
- The executor deeds the house to the heirs. A deed by an executor or administrator to a devisee or heir to carry out the distribution of the estate is exempt from the realty transfer fee. File it with an RTF-1 affidavit claiming the exemption.
- The house passes outside probate, to a surviving joint owner or under a transfer-on-death deed. There is no sale and no new deed from the estate, so no transfer tax; the new owner records a death certificate or affidavit.
- The executor sells the house. Before the estate's house can be sold or deeded, the title company needs a New Jersey tax waiver releasing the state's inheritance tax lien: ask for it on Form L-9 when every beneficiary is Class A (a spouse, child or grandchild, for example), or through the full inheritance tax return otherwise. On a sale over $1 million the seller also pays the graduated percent fee on the whole price.
The heirs or the estate also owe income tax only on any rise in value after the death, because the house gets a stepped-up basis. The seller's transfer tax counts as a selling expense and lowers that gain. See what's left for each heir in the inherited house net proceeds calculator.
New Jersey also has an inheritance tax, which is separate from the transfer tax and depends on who inherits. See New Jersey inheritance tax.
New Jersey mansion tax
Since July 10, 2025, the seller pays a graduated percent fee on the whole price of a sale over $1 million: 1% up to $2 million, then 2%, 2.5%, 3% and 3.5% above $3.5 million.
Compare it with the other high-end rates, from New York City to Los Angeles and San Francisco, in the mansion tax calculator.
Forms, deadline and other rules
- Form: RTF-1 (seller's affidavit), RTF-1EE (graduated percent fee).
- When it's paid: Paid to the county clerk when the deed is recorded.
- Senior citizens, blind or disabled sellers and some low and moderate income housing pay a reduced realty transfer fee. An estate can't claim it on the decedent's behalf.
- Other exempt deeds include transfers for less than $100 and deeds between husband and wife or parent and child.
Optional: get help filing
Get a flat-fee quote for the estate's tax returns
The final Form 1040, the estate's Form 1041 and any state return are the parts executors most often hand off. Leave your email and the rough estate size, and a CPA or Enrolled Agent who prepares estate returns will reply with a fixed price. Free, and no obligation.
Transfer taxes in 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 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
Or compare them all in the 50-state table.
Frequently asked questions
How much is the transfer tax in New Jersey?
Realty transfer fee: about 0.4% to 1.2% of the price (graduated), plus 1% to 3.5% over $1 million. On a $500,000 home, that comes to about $4,175 in total.
Who pays the transfer tax in New Jersey, the buyer or the seller?
The seller pays both the realty transfer fee and, on sales over $1 million, the graduated percent fee (the new "mansion tax"). Since July 10, 2025, the buyer no longer pays the old 1% mansion tax.
Do you pay transfer tax when you inherit a house in New Jersey?
A deed by an executor or administrator to a devisee or heir to carry out the distribution of the estate is exempt from the realty transfer fee. File it with an RTF-1 affidavit claiming the exemption.
Does an estate pay transfer tax when it sells a house in New Jersey?
Before the estate's house can be sold or deeded, the title company needs a New Jersey tax waiver releasing the state's inheritance tax lien: ask for it on Form L-9 when every beneficiary is Class A (a spouse, child or grandchild, for example), or through the full inheritance tax return otherwise. On a sale over $1 million the seller also pays the graduated percent fee on the whole price.
Does New Jersey have a mansion tax?
Since July 10, 2025, the seller pays a graduated percent fee on the whole price of a sale over $1 million: 1% up to $2 million, then 2%, 2.5%, 3% and 3.5% above $3.5 million.
Is transfer tax deductible?
Not as a tax deduction, but the seller's share counts as a selling expense: it lowers the amount realized, and so the taxable gain on the sale. The buyer's share is added to the buyer's cost basis.
Sources
This information is provided for educational purposes only and should not be considered legal or tax advice. Consult a qualified tax professional for guidance specific to your situation.