state_legiscan_drain · NJ
Modifies additional fee and taxes imposed on certain real property transfers valued over $1 million; expands imposition of fees and taxes to real property classified Industrial Property and certain Apartments.
June 1, 2026
Summary
If enacted, this bill would modify additional fees and taxes on certain real property transfers valued over $1 million in New Jersey. It would expand the imposition of these fees and taxes to include Industrial Property and certain Apartment classifications. Lenders and brokers facilitating high-value transactions would need to account for these increased costs in borrower disclosures and closing statements.
Source: https://www.njleg.state.nj.us/bill-search/2026/A5164
Common questions
- What does "Modifies additional fee and taxes imposed on certain real property transfers valued over $1 million; expands imposition of fees and taxes to real property classified Industrial Property and certain Apartments." cover?
- If enacted, this bill would modify additional fees and taxes on certain real property transfers valued over $1 million in New Jersey. It would expand the…
- When was it published?
- It was published on June 1, 2026.