Not a tax on leaving. It is New Jersey income tax collected at closing when a nonresident sells New Jersey real estate, and from July 10, 2025 the seller also pays the mansion fee.
In short, current to September 2026
Source: the Patrician.ch board, an original ranking of 100 residence addresses across 48 countries and territories. Tax rates, thresholds and routes are sourced. Cost, safety, schools, sun and beauty are Patrician.ch editorial indices. Figures current to September 2026. Updated . Cite as: Patrician.ch, New Jersey exit tax 2026: what a seller who moved away pays, patrician.ch/answers/new-jersey-exit-tax/, September 2026.
| Seller at closing | Income tax prepaid | Mansion fee | Total |
|---|---|---|---|
| Nonresident, $1,000,000 gain | $107,500 | $75,000 | $182,500 |
| Nonresident, no gain | $60,000 | $75,000 | $135,000 |
| Still resident | $0, gain taxed on the NJ-1040 | $75,000 | $75,000 |
Sources: N.J.S.A. 54A:8-8 to 8-10, P.L. 2025, c.69. The prepayment is credited on the NJ-1040NR. The realty transfer fee is separate and not shown.
The American addresses on the board with no state income tax, on $1,000,000 of income.
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A prepayment of New Jersey income tax at closing when a nonresident sells New Jersey real estate: the greater of 10.75% of the gain or 2% of the price.
It is not a tax on moving out and it is reconciled on the nonresident return for the year of sale.
The greater of 10.75% of the gain or 2% of the sale price.
On a $3,000,000 sale with a $1,000,000 gain that is $107,500. With no gain it is still $60,000, refunded on the NJ-1040NR.
Sell while still a New Jersey resident, or qualify for an exemption on GIT/REP-3, the excluded gain on a principal residence being the common one.
Either way the underlying income tax on a taxable gain is still owed.
The seller, on deeds recorded from July 10, 2025, at 1% to 3.5% of the whole price above $1,000,000.
On a $3,000,000 sale it is $75,000.
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Tax figures use a simplified marginal model with indicative 2026 brackets for a non-US single filer, ignore social contributions, most deductions, wealth taxes, and treaties, and are not advice. Residence rules change often. Verify before acting.