What Is The New Jersey Home Sales Tax?

The New Jersey Home Sales Tax is officially known as the Realty Transfer Fee (RTF). We call it a "tax" because that is what this once insignificant charge has turned into after nearly 40 years of steady increases. Home sellers pay the tax, which is based on a homes sales price. This state-imposed fee was established in 1968 to offset the costs of tracking real estate transactions. 




Donna Staccioli
Donna Staccioli
Associate