No to Higher Fees on Home Sales
Take action today to protect homeownership in New Jersey.
State legislators are considering raising the Realty Transfer Fee on homes sold for over $1 million. This proposal includes:
-
A 1% increase in the fee for homes sold over $1 million
-
A 2% increase for homes sold over $2 million
-
The fee would be paid by the buyer, adding significant cost at closing
In 2018, only 6% of homes sold in New Jersey were over $1 million. By 2024, that number has grown to 16%. In today’s market, a $1 million home is no longer a luxury—it’s close to the average sales price in many parts of the state.
New Jersey is experiencing a housing inventory shortage, driving up prices and making it harder for residents to afford a home. Now is not the time to add more financial burdens on buyers.
Oppose this increase and protect the future of homeownership. A pre-written message is ready for you to send to your elected officials—it only takes a minute.
Learn more and take action at: www.didyouknownj.com
Say no to higher fees. Say yes to affordability.
