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Graduated marginal fee + GPF on high-value sales

New Jersey Realty Transfer Fee (RTF) (2026)

New Jersey's Realty Transfer Fee (RTF) is a state-imposed tax on real estate sales, typically paid by the seller. Unlike cliff-structure taxes, the RTF is genuinely graduated marginal — each rate applies only to the portion of the price within that bracket. For sales over $1M, an additional Grantee Portion Fee (GPF) is also charged to the buyer.

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2026 Rate Table

Tax / FeeRateWho PaysNote
RTF (first $150K)
$4.00/$1,000 — applies to portion in bracket
$2.00/$500Seller
RTF ($150K–$200K)$3.35/$500Seller
RTF ($200K–$550K)$3.90/$500Seller
RTF ($550K–$850K)$4.25/$500Seller
RTF ($850K–$1M)$4.80/$500Seller
RTF ($1M+)$6.05/$500Seller
GPF ($1M–$2.5M)
Grantee Portion Fee — buyer pays above $1M
$3.35/$500Buyer
GPF ($2.5M–$3M)$3.90/$500Buyer
GPF ($3M–$3.5M)$4.25/$500Buyer
GPF ($3.5M+)$4.80/$500Buyer

Real-World Examples

$500K
~$3,630 RTF seller (marginal calc) — no GPF
$800K
~$6,070 RTF seller — no GPF
$1.5M
~$15,895 RTF seller + ~$6,700 GPF buyer = ~$22,595 combined

What Catches People Off Guard

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The RTF is graduated MARGINAL — each rate applies only to the portion within that bracket, not the full price. This means the effective rate is always lower than the top bracket rate.

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The Grantee Portion Fee (GPF) on sales over $1M is a SECOND, SEPARATE fee paid by the buyer — sellers and buyers both pay significant fees on $1M+ transactions.

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Senior citizens (62+) and blind/disabled sellers qualify for a reduced RTF rate — roughly half the standard rate.

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Certain transfers are exempt: transfers to government, charitable organizations, certain family transfers, and others.

Frequently Asked Questions

Is the New Jersey RTF a cliff or graduated marginal tax?

The RTF is genuinely graduated marginal — each rate applies only to the price within that bracket. For example, on a $600,000 sale, you pay $2.00/$500 on the first $150,000, $3.35/$500 on $150K–$200K, $3.90/$500 on $200K–$550K, and $4.25/$500 on $550K–$600K.

Who pays the NJ Realty Transfer Fee?

The seller pays the RTF. On transactions over $1,000,000, an additional Grantee Portion Fee (GPF) is charged to the buyer as well.

Are there NJ RTF discounts for seniors?

Yes. Sellers who are 62 or older, blind, or disabled qualify for a reduced RTF rate — approximately half the standard rate. This must be claimed at closing with appropriate documentation.

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Related Guides

New York City, NY
Three separate taxes — up to 3.9% combined
Philadelphia, PA
4.278% combined — highest in PA
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