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What is the New Jersey Home Sales Tax?
The Realty Transfer Fee, which we refer to as the New Jersey Home Sales Tax, is a state-imposed fee begun in 1968 as a nominal charge for tracking real estate transactions. It has increased dramatically in recent years, adding to closing costs and the overall price of a home. Get the Facts

How does the New Jersey Home Sales Tax impact home sellers?
Home sellers are perhaps the single group that will feel the greatest impact from these increases. The home seller typically pays the Realty Transfer Fee, which is based on the sale price of the property. The result is an instant reduction of homeowner equity.

Has the New Jersey Home Sales Tax increased over the years?
The New Jersey Home Sales Tax on an average home has increased 80% since 2003. The extra municipal Home Sales Tax will push the total Home Sales Tax bill up 103% since 2003.

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