Estimate your total costs as a seller in New Jersey — including Realty Transfer Fee, broker commissions, attorney fees, and your estimated net proceeds.
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Estimates for general guidance only. Actual costs vary. Contact Agarunov Law for a personalized estimate.
New Jersey uses two separate charges, both paid by the seller when the deed is recorded. The Realty Transfer Fee is tiered: each slice of the price is charged at its own rate per $500, and a higher schedule applies once the total price exceeds $350,000. The Graduated Percent Fee applies only above $1 million, and its rate hits the entire price, so a sale at $2,000,001 owes roughly double the fee of a sale at $2,000,000.
| Sale price | Rate on the full price | Example |
|---|---|---|
| Over $1M to $2M | 1% | $1.5M sale: $15,000 |
| Over $2M to $2.5M | 2% | $2.4M sale: $48,000 |
| Over $2.5M to $3M | 2.5% | $2.8M sale: $70,000 |
| Over $3M to $3.5M | 3% | $3.2M sale: $96,000 |
| Over $3.5M | 3.5% | $4M sale: $140,000 |
Applies to residential (Class 2) property, co-op units, farms with a residence and most commercial property. Source: NJ Division of Taxation.
| Sale price | Realty Transfer Fee | Graduated Percent Fee | Total |
|---|---|---|---|
| $300,000 | $1,715 | — | $1,715 |
| $500,000 | $4,175 | — | $4,175 |
| $600,000 | $5,185 | — | $5,185 |
| $1,500,000 | $15,625 | $15,000 | $30,625 |
Sellers who are senior citizens, blind or disabled, and sales of qualifying low- and moderate-income housing, can claim a reduced RTF by filing Form RTF-1; that reduction does not apply to the Graduated Percent Fee. Some deeds are fully exempt, including transfers between spouses or between parent and child, deeds recorded within 90 days of a divorce decree between the former spouses, and distributions by an executor to heirs.
Sources: New Jersey Realty Transfer Fee Act, N.J.S.A. 46:15-5 et seq., as amended in 2025; NJ Division of Taxation rate schedules.
Selling in Bergen or Hudson County? Our New Jersey real estate attorneys handle the attorney review period, RTF filings and closing from our Englewood office.
Common questions about NJ seller closing costs
Most NJ sellers pay roughly 6% to 9% of the sale price in total. Broker commission is the largest piece, followed by the Realty Transfer Fee (about 0.9% on a $600,000 sale) and, on sales over $1 million, the Graduated Percent Fee. Attorney fees, recording charges and your mortgage payoff are also deducted at closing.
The Realty Transfer Fee (RTF) is a state fee the seller pays to record the deed. It is charged per $500 of the price at rates that step up as the price rises, and the schedule itself is higher once the price exceeds $350,000. On a $600,000 sale, the standard RTF is about $5,185.
Yes, since July 10, 2025. The old 1% buyer-paid “mansion tax” was replaced by a seller-paid Graduated Percent Fee on residential sales over $1 million: 1% up to $2 million, 2% up to $2.5 million, 2.5% up to $3 million, 3% up to $3.5 million and 3.5% above that. The rate applies to the entire price, on top of the standard RTF.
While not technically required by law, it is standard practice in New Jersey for sellers to be represented by an attorney. The NJ attorney review period allows your attorney to review, modify, or disapprove the contract within 3 business days of signing.
Split the price into the state’s tiers and multiply each slice by its rate per $500. For sales over $350,000, the first $150,000 is charged $2.90 per $500, the next $50,000 $4.25, the portion up to $550,000 $4.80, up to $850,000 $5.30, up to $1 million $5.80, and anything above $1 million $6.05. Add the Graduated Percent Fee if the price exceeds $1 million.
Common exemptions include deeds for less than $100, transfers between spouses or between parent and child, deeds that only confirm or correct an earlier deed, deeds recorded within 90 days of a divorce decree between the former spouses, and distributions by an executor or administrator to heirs.
Yes. Sellers who are senior citizens, blind or disabled can qualify for reduced RTF rates by filing Form RTF-1 with the deed. The reduction applies to the standard RTF only, not to the Graduated Percent Fee on sales over $1 million.