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Realty
Transfer Fee
Residents from the state of New Jersey must calculate
and include a Realty Transfer Fee with each settlement
statement. This is handled by the attorneys at closing.
Transactions by senior citizens, blind persons, disabled
persons, and on property that is qualified as low and
moderate income housing, have different calculations.
Call for assistance.
TOTAL
CONSIDERATION NOT IN EXCESS OF $350,000
1.
$4.00 /
$1000 of consideration not in excess of $150,000
2.
$6.70 /
$1000 of consideration in excess of $150,000 but not in
excess of $200,000
3.
$7.80 /
$1000 of consideration in excess of $200,000 but not in
excess of $350,000
Example:
A house selling for $300,000 would have fees of:
1.
150 x
$4.00 = $600.00
2.
50 x
$6.70 = $335.00
3.
100 x
$7.80 = $780.00
4.
Total $1715.00
TOTAL
CONSIDERATION IN EXCESS OF $350,000
1.
$5.80 /
$1000 of consideration not in excess of $150,000
2.
$8.50/
$1000 of consideration in excess of $150,000 but not in
excess of $200,000
3.
$9.60 /
$1000 of consideration in excess of $200,000 but not in
excess of $550,000
4.
$10.60 /
$1000 of consideration in excess of $550,000 but not in
excess of $850,000
5.
$11.60 /
$1000 of consideration in excess of $850,000 but not in
excess of $1,000,000
6.
$12.10 /
$1000 of consideration in excess of $1,000,000.
Example:
A house selling for $800,000 would have fees of:
1.
150 x
$5.80 = $870.00
2.
50 x
$8.50 = $425.00
3.
350 x
$9.60 = $3360.00
4.
250 x
10.60 = $2650.00
5.
Total $7305.00
Other examples:
House selling for
Realty Transfer Fee
$400,000
$3,215
$500,000
$4,175
$600,000
$5,185
$700,000
$6,245
$900,000
$8,415
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