$4.00 per thousand up to $150,000
$6.70 per thousand over $150,000 but less than $200,000
$7.80 per thousand over $200,000
Senior Citizens (age 62 or older) who are selling their primary residence are entitled to a partial exemption. It is calculated on the deed consideration as follows:
$1.00 per thousand up to $150,000
$2.50 per thousand over $150,000
Non-resident sellers (those not using "New Jersey" as their primary residence state) are required to pay an "estimated gross income tax" to the state at the time of sale. It is calculated as follows:
2% of the sales price.