A 792 New Jersey General Assembly · 2024-2025 Regular Session

Eliminates supplemental realty transfer fee.

This bill eliminates a supplemental fee charged on real estate transactions in New Jersey. The fee, established in 2003, was a graduated charge based on property sale price (e.g., $0.25 per $500 for the first $150,000). It directly affects home buyers and sellers by removing this cost from the total real estate transfer fee, which previously split proceeds between counties and the state. The bill repeals the specific fee provision (P.L.2003, c.113) while leaving the base realty transfer fee unchanged.
Bill status in committee 1 of 4 stages cleared
Introduction
Jan 2024
Committee Review
Floor Vote
Governor
Introduced Jan 9, 2024 Last action Jan 9, 2024
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Jan 9, 2024
Introduced
Introduced in the Assembly, Referred to Assembly Housing Committee
lower
2 primary · 0 co-sponsors

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