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Calculator · New Jersey
New Jersey Mansion Tax Calculator
For contracts signed on or after July 10, 2025, the seller pays New Jersey's graduated percent fee on sales over $1,000,000. The rate applies to the entire price, so one dollar can move a sale into the next band. Know the number before you list.
Graduated percent fee (contracts on/after 7/10/2025)
| Consideration | Rate on entire consideration |
|---|---|
| $1,000,000 – $2,000,000 | 1% |
| $2,000,000 – $2,500,000 | 2% |
| $2,500,000 – $3,000,000 | 2.5% |
| $3,000,000 – $3,500,000 | 3% |
| Over $3,500,000 | 3.5% |
Figures are drawn from the same rate book the calculator runs on.
Questions
Frequently asked
Who pays the NJ mansion tax now?
For contracts on or after July 10, 2025, the seller pays the graduated percent fee.
Is the NJ mansion tax charged on the whole price?
Yes. The rate for the band applies to the entire consideration, starting at 1% for sales over $1,000,000.