# New Jersey — Real estate transfer tax by state: rate, who pays, brackets and first-time buyer relief

For New Jersey, tax name is Realty Transfer Fee; rate brackets is 1% of total consideration if in excess of $1,000,000 but not in excess of $2,000,000; 2% of total consideration if in excess of $2,000,000 but not in excess of $2,500,000; 2.5% of total consideration if in excess of $2,500,000 but not in excess of $3,000,000; 3% of total consideration if in excess of $3,000,000 but not in excess of $3,500,000; 3.5% of total consideration if in excess of $3,500,000; who pays is The seller is statutorily responsible for the RTF and the Graduated Percent Fee; minimum or exemption floor is For a consideration of less than $100, verified against its source on 2026-08-31.

- **State:** New Jersey _(our reading, not quoted from the source)_
- **Tax name:** Realty Transfer Fee _(verified: appears in the quote below)_
- **Rate brackets:** 1% of total consideration if in excess of $1,000,000 but not in excess of $2,000,000; 2% of total consideration if in excess of $2,000,000 but not in excess of $2,500,000; 2.5% of total consideration if in excess of $2,500,000 but not in excess of $3,000,000; 3% of total consideration if in excess of $3,000,000 but not in excess of $3,500,000; 3.5% of total consideration if in excess of $3,500,000. _(verified: appears in its own passage below)_
- **Who pays:** The seller is statutorily responsible for the RTF and the Graduated Percent Fee. _(verified: appears in its own passage below)_
- **Minimum or exemption floor:** For a consideration of less than $100 _(verified: appears in its own passage below)_

## What the source says

> Realty Transfer Fee The State imposes a Realty Transfer Fee (RTF) on the seller of real property for recording a deed for the sale. The RTF is calculated based on the amount of consideration recited in the deed, or in certain instances, the assessed valuation of the property conveyed, divided by the Director's Ratio.

## Where each value comes from

This source states these in separate places, so each value is shown with the passage that states it.

### Rate brackets

> The Graduated Percent Fee on transfers over $1 Million shall be imposed as follows: 1% of total consideration if in excess of $1,000,000 but not in excess of $2,000,000; 2% of total consideration if in excess of $2,000,000 but not in excess of $2,500,000; 2.5% of total consideration if in excess of $2,500,000 but not in excess of $3,000,000; 3% of total consideration if in excess of $3,000,000 but not in excess of $3,500,000; 3.5% of total consideration if in excess of $3,500,000.

### Who pays

> The seller is statutorily responsible for the RTF and the Graduated Percent Fee.

### Minimum or exemption floor

> The RTF does not apply to a deed: For a consideration of less than $100;

## Source

- https://www.nj.gov/treasury/taxation/realty.shtml

Last verified: 2026-08-31. Review by: 2027-08-31.
Part of [Real estate transfer tax by state: rate, who pays, brackets and first-time buyer relief](https://referencesource.org/state-real-estate-transfer-tax/).