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33, P.L. 2006) (N.J.S.A. 46:15-5 et seq.) PLEASE READ THE INSTRUCTIONS ON THE REVERSE SIDE OF THIS FORM BEFORE COMPLETING THIS AFFIDAVIT STATE OF NEW JERSEY ss. COUNTY FOR RECORDER S USE ONLY Consideration $ RTF paid by buyer $ Date By County Municipal Code MUNICIPALITY OF PROPERTY LOCATION X X X X X -- X (1) PAR.

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The first is between family members. The sale of a property between parent and child, husband and wife, and siblings are exempt. The transfer of a deed from a stepparent to a step-child is only 50% exempt unless the stepparent has adopted that child.

While many real estate taxes can be deducted at the end of the year, transfer taxes in new jersey are not able to be deducted. Neither the seller or buyer can deduct transfer taxes on their taxes.

Exemptions To the NJ Realty Transfer Fee If the transaction is determined to be a debt release transfer, the tax will not be required. This also applies to transfers made in ance with a will or in releasing a right of reversion.

While the seller pays the RTF, the buyer pays this supplemental fee of one percent of the consideration recited in the deed.

The State of New Jersey imposes a Realty Transfer Fee (RTF) on the seller whenever there is a transfer of title by deed. The fee is based on the sales price of the property, and the seller is required to pay the fee at the time of closing.

It's important to know this law prohibits any county officer from recording any deed unless accompanied by this form and estimated tax payment. Later, when you file your New Jersey tax return, the actual capital gain tax you owe will be deducted from your estimated tax payment—with the remainder refunded to you.

The New Jersey Realty Transfer Fee is a transfer tax that is paid when the title of a property in NJ changes hands. It is calculated, paid, and recorded at the same time that the deed is recorded and is typically between 0.4% to 1% of the transaction's value.

Realty Transfer Fee: Sellers pay a 1% Realty Transfer Fee on all home sales. The buyer is not responsible for this fee. However, buyers may pay an additional 1% fee on all home sales of $1 million or more. You can find more information on the Realty Transfer Fee, including rates and exemptions, here.

The Claim for Refund (Form A-3730) must be filed with documents, such as invoices, receipts, proof of payment of tax, and exemption certificates. These documents must be provided in a format suitable to determine the correctness of the grounds for the refund and the amount of the refund or credit.

The taxpayer may file a claim under oath for refund at any time within four years after the payment of any original Realty Transfer Fee. Claims received beyond the four-year filing period will not be approved.

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© Copyright 1997-2025
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Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232