A New Local Real Estate Transfer Tax ??
Posted Aug 24, 2007 @ 2:26 pm, Viewed by 4564 Visitors, Read 5098 Times.
Among a home's closing costs in New Jersey is a state tax called the Realty Transfer Fee. The tax amount owed is based on the price you are receiving for your home or real estate.
Do we really need more real estate taxes here in New Jersey? Essex County NJ already has some of the highest property taxes in the state. Morris County NJ has a lot lower real estate taxes and so does Union County NJ, but do homeowners in any of these places or the rest of New Jersey need to pay additional real estate taxes? Can our local and state governments here in New Jersey learn to do more with less, just like the rest of us have?
For more information on New Jersey Real Estate Transfer Taxes, and how you can let your elected officials know what you think, please visit the Related Link below.
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Social Bookmarking7 Responses to “A New Local Real Estate Transfer Tax ??”
James Boyer
Thank you for the compliment Jason, James Boyer Realtor Associate Keller Williams Real Estate Summit, NJ 07901
I think he was trying to spam a link on your blog James
James Boyer
OK, it was a week effort at that Morgan it that is what he was trying to do, I let it go because it did not look like a active link, and I really make it a rule not to edit or delete blog comments unless it is inappropriate or insulting. James Boyer
John Mitchel
Great information, I am going to voice my opinion on the web page you give on this web page.
yeah we strip out live links from comments for exactly this reason.
Lynda Eisenmann
Hi James, Your post is interesting and I am amazed at the numbers in your state. We too have a transfer tax in our state of CA, however following your example of a $600,000 sales price the tax would be $545.00 period. We have very few cities than have imposed their own tax. Our state association has been very vocal in opposition of other imposed point of sale fees/taxes. I would certainly hope the N.J. AOR would also be in opposition. We just can't continued to place the tax burden on home owners, buyers and sellers.
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James Boyer, is a resident of Morris Township in Morris County New Jersey and Specializes in listing and selling homes in Morristown, Morris Township, Madison, Florham Park, Chatham, Summit, Short Hills, Millburn, Maplewood, & South Orange New Jersey and Morris Essex & Union County Real Estate. Read More
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Great post! I am gonna share it with my own blog readers at jason.landbrokr.com ! Thanks.