Guidance on Increase in New Jersey Realty Transfer Fee

New Jersey's FY26 budget includes an increase in realty transfer fees for residential and commercial properties selling for more than $1 million.

According to a July 2 memorandum from the New Jersey Division of Taxation, the following rates will be in effect for deeds that are submitted to the county recording officer on or after July 10, 2025:

• 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

On July 9, the Division of Taxation issued clarification on the implementation of the graduated percent fee.