State guide · NJ
Transfer tax in New Jersey
New Jersey charges roughly 1.00% when a home changes hands — about $5,500 on a median-priced home, customarily paid by seller (buyer pays the mansion tax).
Rate
1.00%
On a median home
$5,500
Customarily paid by
Seller
Graduated realty transfer fee up to about 1% on typical sales (reduced for seniors), plus a 1% 'mansion tax' paid by the buyer on $1M+ homes.
Transfer taxes are one line of the larger closing bill. For the full picture in New Jersey — title, escrow, attorney conventions, and typical buyer costs — see our New Jersey closing costs guide, or estimate your own bottom line with the seller net proceeds calculator.
How New Jersey compares
| Rank | State | Rate |
|---|---|---|
| #7 | Washington | 1.10% |
| #8 | Connecticut | 1.00% |
| #9 | New Jersey | 1.00% |
| #10 | Michigan | 0.86% |
| #11 | Florida | 0.70% |
Common questions
Does New Jersey have a real estate transfer tax?
Yes. Graduated realty transfer fee up to about 1% on typical sales (reduced for seniors), plus a 1% 'mansion tax' paid by the buyer on $1M+ homes. On a median-priced New Jersey home (about $550,000), that's roughly $5,500.
Who pays the transfer tax in New Jersey?
Seller (buyer pays the mansion tax). Like every closing cost, this is custom rather than law — the purchase contract can assign it to either side, and in competitive negotiations it sometimes moves.
Selling in New Jersey? See what you'd keep
Sale price minus commissions, payoff, and taxes like this one — the number that actually lands in your account.
Open the net proceeds calculatorRates are representative combined state and typical local figures compiled from public sources and rounded for readability; graduated schedules, exemptions, and city add-ons can change your number. Confirm with your closing agent or county recorder. Median home values are approximate.