The Realty Transfer Fee, which we refer to as the New Jersey Home Sales Tax, is
a state-imposed fee begun in 1968 as a nominal charge for tracking real estate
transactions. It has increased dramatically in recent years, adding to closing
costs and the overall price of a home.
Why be concerned about the New Jersey Home Sales Tax now?
The New Jersey State Legislature is considering further increases to the Home
Sales Tax by PERMITTING INDIVIDUAL MUNICIPALITIES TO ESTABLISH THEIR OWN FEES
IN ADDITION TO THOSE CHARGED BY THE STATE.
For more information, visit www.njhometax.com and learn what you can do to help
stop the Home Sales Tax increase.
The above information is from The New Jersey Association of REALTORS.
Michael Brim
REALTOR-ASSOCIATE
PRUDENTIAL ZACK SHORE PROPERTIES
Michael W. Brim
321 Sunset Ave. 5F
Asbury Park NJ 07712
Cell: 732-996-8160
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