This table summarizes the major closing costs a seller may be responsible for when selling a home in New Jersey. These costs may include attorney’s fees, real estate brokerage compensation, title-related charges, municipal CCO inspection fees, repair credits provided to the buyer, prorated property taxes, insurance and HOA charges, wire-transfer fees, and other transaction expenses.
This table was originally prepared in 2024. Effective July 10, 2025, certain real estate transfers with a total consideration exceeding $1 million became subject to an additional seller-paid Graduated Percent Fee. In addition, some of the senior citizen reduced rates shown in the original table do not match the current official rates. Therefore, the information should be updated before it is published on the current website.
Graduated Percent Fee for Certain Transfers Over $1 Million
In addition to the regular New Jersey Realty Transfer Fee, a Graduated Percent Fee applies to certain property transfers when the total consideration exceeds $1 million. The seller is legally responsible for paying this supplemental fee.
| Total Consideration | Graduated Percent Fee |
|---|---|
| More than $1,000,000 but not more than $2,000,000 | 1% |
| More than $2,000,000 but not more than $2,500,000 | 2% |
| More than $2,500,000 but not more than $3,000,000 | 2.5% |
| More than $3,000,000 but not more than $3,500,000 | 3% |
| More than $3,500,000 | 3.5% |
The applicable percentage is calculated on the total consideration, not only on the portion above the applicable threshold.
The Graduated Percent Fee generally applies to qualifying transfers involving Class 2 residential property, certain Class 3A farm properties containing a residential structure, Class 4A commercial property other than industrial or apartment property, and Class 4C cooperative units. Certain transactions may qualify for an exemption.
Sellers should consult their attorney or tax professional to confirm the fees and exemptions applicable to a particular transaction.
