Get NJ RTF-1 2017-2024

RTF-1 Rev. 7/14/10 MUST SUBMIT IN DUPLICATE STATE OF NEW JERSEY AFFIDAVIT OF CONSIDERATION FOR USE BY SELLER Chapter 49 P. For information on the Realty Transfer Fee or to print a copy of this Affidavit visit the Division of Taxation website at www. state. nj. us/treasury/taxation/lpt/localtax. htm INSTRUCTIONS FOR FILING FORM RTF-1 AFFIDAVIT OF CONSIDERATION FOR USE BY SELLER STATEMENT OF CONSIDERATION AND REALTY TRANSFER FEE PAYMENT ARE PREREQUISITES FOR DEED RECORDING No county recording officer shall record any deed evidencing transfer of title to real property unless a the consideration is recited in the deed or b an Affidavit by one or more of the parties named in the deed or by their legal representatives declaring the consideration is annexed for recording with the deed and c for conveyances and transfers of property for which the total consideration recited in the deed is not in excess of 350 000 a fee is remitted at the rate of 2. State. nj. us/treasury/taxation/lpt/localtax. htm INSTRUCTIONS FOR FILING FORM RTF-1 AFFIDAVIT OF CONSIDERATION FOR USE BY SELLER STATEMENT OF CONSIDERATION AND REALTY TRANSFER FEE PAYMENT ARE PREREQUISITES FOR DEED RECORDING No county recording officer shall record any deed evidencing transfer of title to real property unless a the consideration is recited in the deed or b an Affidavit by one or more of the parties named in the deed or by their legal representatives declaring the consideration is annexed for recording with the deed and c for conveyances and transfers of property for which the total consideration recited in the deed is not in excess of 350 000 a fee is remitted at the rate of 2. 00/ 500 of consideration or fractional part thereof not in excess of 150 000 3. 35/ 500 of consideration or fractional part thereof in excess of 150 000 but not in excess of 200 000 and 3. 90/ 500 of consideration or fractional part thereof in excess of 200 000. For transfers of property for which the total 150 000 4. L.1968 as amended through Chapter 33 P. L. 2006 N.J.S.A. 46 15-5 et seq. BEFORE COMPLETING THIS AFFIDAVIT PLEASE READ THE INSTRUCTIONS ON THE REVERSE SIDE OF THIS FORM. FOR RECORDER S USE ONLY ss. COUNTY Consideration RTF paid by seller Date By County Municipal Code MUNICIPALITY OF PROPERTY LOCATION Use symbol C to indicate that fee is exclusively for county use. The Director of the Division of Taxation is authorized to make deficiency assessments to taxpayers who have intentionally or mistakenly underestimated the consideration or sales price of properties on the Affidavit of Consideration attached to deeds and upon which the Realty Transfer Fee is based. 13. 12. PENALTY FOR WILLFUL FALSIFICATION OF CONSIDERATION AND TRANSFERS OF NEW CONSTRUCTION Any person who knowingly falsifies the consideration recited in a deed or in the proof or acknowledgement of the execution of a deed or in an affidavit annexed to a deed declaring the consideration therefor or a declaration in an affidavit that a transfer is exempt from recording fee is guilty of a crime of the fourth degree Chapter 308 P. WHEN AFFIDAVIT MUST BE ANNEXED TO DEED This Affidavit must be annexed to and recorded with all deeds when entire consideration is not recited in deed or the acknowledgement or proof of the execution when the grantor claims a total or partial exemption from the fee Class 4 property that includes commercial industrial or apartment property and for transfers of new construction. See Instructions 10 and 12 below. Proofs of domicile include a New Jersey voter registration motor vehicle registration and driver s license and resident tax return filing. 10. TRANSFERS OF NEW CONSTRUCTION New construction means any conveyance or transfer of property upon which there is an entirely new improvement not previously occupied or used for any purpose. On transfers of new construction the words NEW CONSTRUCTION shall be printed clearly at the top of the first page of the deed and an Affidavit by the grantor stating that the transfer is of property upon which there is new construction shall be appended to the deed. 11.