7 thoughts on “NEWJERSEY: Real Estate transfer tax — pay to leave!

  1. I just learned about the NJ real estate transfer tax while filling out paperwork. I have undersold my house in NJ, and if I had known about this tax, I wouldn’t have done so. Every dollar makes a difference if you are planning to purchase another house, even out-of-state. NJ is a bankrupt state and tries in every way to raise money. I am glad I am leaving NJ.

  2. >The above was a very interesting remark, I would like to know more about this 1% tax. Where can I go to read more about it?

    It was a hot topic of discussion on Jim Gearhart’s radio show the week of my blog post. For some reason, I didn’t post the link to the story that they ran.

    I could not find that link, but I did find these two.

    http://www.nysscpa.org/cpajournal/2004/804/essentials/p48.htm
    http://www.state.nj.us/treasury/taxation/lpt/rtffaqs.htm

    It was being humorously called the “leave new jersey” tax.

    Hope this helps,
    fjohn

  3. I am leaving NJ for St. Maarten: No real estate tax nor other nonsense taxes. I’m fed up.

    I am going to buy a nice ocean front condo in this development: Barbaron Luxurious Residences

    no rain, but lots of sunshine…

  4. The above was a very interesting remark, I would like to know more about this 1% tax. Where can I go to read more about it?

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