Somerset County transfer tax
On a $400,000 home sale in Somerset County, NJ, transfer taxes come to $3,215 (0.804% of the price): New Jersey realty transfer fee (base schedule) (0.4%–0.78% by price), New Jersey realty transfer fee (additional portion over $350,000) (0.18% above a threshold), New Jersey realty transfer fee (graduated portion over $550,000) (0.1%–0.25% by price) and New Jersey Graduated Percent Fee (formerly mansion tax) (1%–3.5% by price), paid by the seller.
No county transfer tax here — only the statewide tax applies, collected when the deed is recorded with the county.
Somerset County transfer tax calculator
- State
| Tax | Rate | Who pays | Amount |
|---|---|---|---|
| New Jersey realty transfer fee (base schedule)State | 0.4%–0.78% by price | Seller | $2,495.00 |
| New Jersey realty transfer fee (additional portion over $350,000)State | 0.18% above a threshold | Seller | $720.00 |
| New Jersey realty transfer fee (graduated portion over $550,000)State | 0.1%–0.25% by price | Seller | $0.00 |
| New Jersey Graduated Percent Fee (formerly mansion tax)State | 1%–3.5% by price | Seller | $0.00 |
| Total transfer tax (0.804% of the price) | $3,215.00 | ||
"Who pays" is the customary or legal default; your purchase contract can move it.
Transfer tax in Somerset County by home price
| Sale price | Total tax | Effective rate | Seller | Buyer |
|---|---|---|---|---|
| $250,000 | $1,325 | 0.53% | $1,325 | $0 |
| $400,000 | $3,215 | 0.804% | $3,215 | $0 |
| $600,000 | $5,185 | 0.864% | $5,185 | $0 |
| $800,000 | $7,305 | 0.913% | $7,305 | $0 |
| $1,000,000 | $9,575 | 0.958% | $9,575 | $0 |
| $1,500,000 | $30,625 | 2.042% | $30,625 | $0 |
| $2,500,000 | $77,725 | 3.109% | $77,725 | $0 |
| $5,000,000 | $232,975 | 4.659% | $232,975 | $0 |
Negotiable amounts are shown half to each side.
Selling in Somerset County?
Transfer tax is usually the second-biggest closing cost after the agent's commission. Comparing agents' fees often saves more than any exemption.
Exemptions in New Jersey
- Consideration under $100
- Transfers between spouses, civil union or domestic partners, or former spouses under a divorce decree
- Deeds for no consideration / gifts and correction deeds
- Transfers to or from the U.S., the State or local government
- Transfers by will or by an executor/administrator
- Partial exemption for sellers 62+, blind or disabled, and low/moderate-income housing (Form RTF-1)
Local exemptions can differ; see New Jersey transfer tax.
Other counties in New Jersey
- Atlantic County0.804%
- Bergen County0.804%
- Burlington County0.804%
- Camden County0.804%
- Cape May County0.804%
- Cumberland County0.804%
- Essex County0.804%
- Gloucester County0.804%
- Hudson County0.804%
- Hunterdon County0.804%
- Mercer County0.804%
- Middlesex County0.804%
- Monmouth County0.804%
- Morris County0.804%
- Ocean County0.804%
- Passaic County0.804%
- Salem County0.804%
- Sussex County0.804%
- Union County0.804%
- Warren County0.804%
Questions
What is the transfer tax rate in Somerset County?
0.804% of the price on a $400,000 sale: New Jersey realty transfer fee (base schedule) (0.4%–0.78% by price); New Jersey realty transfer fee (additional portion over $350,000) (0.18% above a threshold); New Jersey realty transfer fee (graduated portion over $550,000) (0.1%–0.25% by price); New Jersey Graduated Percent Fee (formerly mansion tax) (1%–3.5% by price).
Who pays transfer tax in Somerset County?
New Jersey realty transfer fee (base schedule): Seller — Seller (grantor) by statute.. New Jersey realty transfer fee (additional portion over $350,000): Seller. New Jersey realty transfer fee (graduated portion over $550,000): Seller. New Jersey Graduated Percent Fee (formerly mansion tax): Seller — Seller by statute for deeds submitted on or after July 10, 2025 (buyer paid the old 1% fee); contracts may shift it.. The purchase contract can assign it differently.
How much is transfer tax on a $500,000 house in Somerset County?
$4,175 in total (seller $4,175, buyer $0).
Who pays the realty transfer fee in New Jersey?
The seller. Since July 10, 2025 the seller is also legally liable for the Graduated Percent Fee on sales over $1 million, which buyers used to pay.
What is the New Jersey mansion tax now?
It is the Graduated Percent Fee: 1% of the whole price over $1M–$2M, 2% over $2M–$2.5M, 2.5% over $2.5M–$3M, 3% over $3M–$3.5M and 3.5% above $3.5M.
Sources
- NJ Division of Taxation – Realty Transfer Fee FAQs (rates)
- NJ Division of Taxation – General Information on the Graduated Percent Fee (P.L. 2025, c. 69)
- NJ Division of Taxation – Realty Transfer Fee FAQs (rates)
- NJ Division of Taxation – General Information on the Graduated Percent Fee (P.L. 2025, c. 69)
Last checked October 13, 2026. Rates in effect for residential sales; commercial, leasehold and entity transfers can differ. Always confirm with your title company or closing attorney before closing.