New Jersey seller net sheet calculator
What a New Jersey seller walks away with after commission, payoffs, title, and transfer taxes. Rates and closing customs below are verified for New Jersey; the calculator applies them for you, down to the county.
- State transfer tax
- $2.00 / $3.35 / $3.90 per $500 by bracket + $2.90 to $6.05 per $500 by bracket + 1% over $1M, 2% over $2M, 2.5% over $2.5M, 3% over $3M, 3.5% over $3.5M (whole price)
- Owner's title policy
- Buyer pays
- Seller costs on $400,000
- About $23,325
New Jersey transfer tax
New Jersey charges the realty transfer fee (consideration $350,000 or less) of $2.00 / $3.35 / $3.90 per $500 by bracket, customarily paid by the seller; and the realty transfer fee (consideration over $350,000) of $2.90 to $6.05 per $500 by bracket, customarily paid by the seller; and the graduated percent fee (formerly the 1% "mansion tax") of 1% over $1M, 2% over $2M, 2.5% over $2.5M, 3% over $3M, 3.5% over $3.5M (whole price), customarily paid by the seller.
| Tax | Level | Rate | Customarily paid by |
|---|---|---|---|
| Realty transfer fee (consideration $350,000 or less) | State | $2.00 / $3.35 / $3.90 per $500 by bracket | Seller |
| Realty transfer fee (consideration over $350,000)Senior citizen / disabled / low-income partial exemptions reduce these rates and are not applied automatically. | State | $2.90 to $6.05 per $500 by bracket | Seller |
| Graduated percent fee (formerly the 1% "mansion tax")Applies: single family, condo, townhome, multi family, coop, commercialApplies to Class 2 residential, Class 4A commercial, farm property with a residence, and co-ops. | State | 1% over $1M, 2% over $2M, 2.5% over $2.5M, 3% over $3M, 3.5% over $3.5M (whole price) | Seller |
| Sale price | Seller pays | Buyer pays | Total |
|---|---|---|---|
| $250,000 | $1,325 | $0 | $1,325 |
| $500,000 | $4,175 | $0 | $4,175 |
| $1,000,000 | $9,575 | $0 | $9,575 |
Example New Jersey seller net sheet
A $400,000 sale with a 5% commission and a $250,000 mortgage payoff. Seller closing costs come to about $23,325, or 5.8% of the price.
| Line | Seller |
|---|---|
| Sale price | $400,000 |
| First mortgage payoff | −$250,000 |
| Real estate commission (5%) | −$20,000 |
| Realty transfer fee (consideration over $350,000) | −$3,215 |
| Release / satisfaction recording | −$60 |
| Wire / courier / payoff processing | −$50 |
| Estimated net before property tax prorations | $126,675 |
Run it with your own numbers. Choose the county to add local taxes, and enter the closing date to prorate property taxes.
Who pays what in New Jersey
Buyer pays the owner's policy. Closings are usually handled by a title company or attorney. The settlement or escrow fee is customarily paid by the buyer.
Attorney review is customary in northern New Jersey (each side pays its own attorney, ~$1,200-$1,800); title companies close in the south. Seller pays the realty transfer fee and the graduated fee.
Property tax prorations
Property taxes are paid in advance. The typical effective rate is about 2.2% of value per year. Quarterly bills due Feb 1, May 1, Aug 1 and Nov 1 for the quarter; seller is credited for any prepaid quarter.
Sources
Verified 2026-09-29. A net sheet is an estimate, not a closing statement or tax advice. Final figures come from the title or escrow company. See a rate that looks wrong? Email [email protected].
New Jersey net sheet questions
Does New Jersey have a real estate transfer tax?
New Jersey charges the realty transfer fee (consideration $350,000 or less) of $2.00 / $3.35 / $3.90 per $500 by bracket, customarily paid by the seller; and the realty transfer fee (consideration over $350,000) of $2.90 to $6.05 per $500 by bracket, customarily paid by the seller; and the graduated percent fee (formerly the 1% "mansion tax") of 1% over $1M, 2% over $2M, 2.5% over $2.5M, 3% over $3M, 3.5% over $3.5M (whole price), customarily paid by the seller.
How much is the transfer tax on a $500,000 home in New Jersey?
With no county or city chosen, the transfer tax on a $500,000 sale is about $4,175, customarily paid by the seller.
How much are seller closing costs in New Jersey?
On a $400,000 sale with a 5% commission, estimated seller costs in New Jersey come to about $23,325 (5.8% of the price), including $20,000 of commission. Without commission, closing costs are about $3,325. Local taxes, the payoff, and property tax prorations change the final number.
Who pays for title insurance in New Jersey?
Buyer pays the owner's policy.
Who handles the closing in New Jersey?
Closings are usually handled by a title company or attorney.
How are property taxes prorated when selling a home in New Jersey?
Property taxes are paid in advance. The typical effective rate is about 2.2% of value per year. Quarterly bills due Feb 1, May 1, Aug 1 and Nov 1 for the quarter; seller is credited for any prepaid quarter.
Net sheets in other states
- Alabama
- Alaska
- Arizona
- Arkansas
- California
- Colorado
- Connecticut
- Delaware
- District of Columbia
- Florida
- Georgia
- Hawaii
- Idaho
- Illinois
- Indiana
- Iowa
- Kansas
- Kentucky
- Louisiana
- Maine
- Maryland
- Massachusetts
- Michigan
- Minnesota
- Mississippi
- Missouri
- Montana
- Nebraska
- Nevada
- New Hampshire
- New Mexico
- New York
- North Carolina
- North Dakota
- Ohio
- Oklahoma
- Oregon
- Pennsylvania
- Rhode Island
- South Carolina
- South Dakota
- Tennessee
- Texas
- Utah
- Vermont
- Virginia
- Washington
- West Virginia
- Wisconsin
- Wyoming
Build a New Jersey net sheet in minutes.
Free to use. No account needed to try it.