New Jersey — Taxes & Land Use — New Jersey Real Estate — State Law Practice Test
10 questions in this topic · 10 drawn at random this round
Under New Jersey's Municipal Land Use Law (MLUL), which board typically hears a request to use land in a way the zoning ordinance does not permit (a use variance)?
Session Progress
This New Jersey Real Estate — State Law New Jersey — Taxes & Land Use practice set has 10 practice questions based on the official exam materials, each with an instant explanation.
Sample questions
Three questions from the New Jersey — Taxes & Land Use bank with the correct answer and an explanation. The practice quiz above draws 10 questions at random from the same bank.
What is the New Jersey Realty Transfer Fee (RTF), and who generally pays it on a sale?
- A price-graduated state fee at deed recording, generally paid by the seller — Correct answer
- A federal income tax on the buyer
- A flat $100 fee on every transaction
- A fee paid only by the real-estate broker
Explanation: The RTF is a state fee imposed on the recording of a deed, based on the consideration (graduated rates that increase with price); it is generally paid by the SELLER (grantor). It is separate from the supplemental fee on high-value residences. Realty Transfer Fee（房产转让费/RTF）: a seller-paid, price-graduated fee at deed recording. Source: N.J.S.A. §46:15-7.
Handbook: New Jersey Taxes — Realty Transfer Fee, seller-paid (N.J.S.A. §46:15-7)
As of the 2025 amendment, how is New Jersey's supplemental fee on the sale of residential property over $1,000,000 imposed?
- As a seller-paid, graduated fee (replacing the old flat 1% buyer-paid mansion tax) — Correct answer
- As a flat 1% paid by the buyer (unchanged since 2004)
- It was repealed entirely with no replacement
- As a federal tax collected by the IRS
Explanation: P.L. 2025 c.69 (A5804), effective July 10, 2025, replaced the former flat 1% buyer-paid 'mansion tax' with a SELLER-paid GRADUATED supplemental fee on residential consideration over $1M. The seller (not the buyer) now owes it, at graduated rates. Supplemental fee（补充费）: the 2025 seller-paid graduated fee on >$1M homes. Source: N.J.S.A. §46:15; P.L. 2025 c.69 (NJ Division of Taxation).
Handbook: New Jersey Taxes — 2025 supplemental fee is seller-paid + graduated (P.L. 2025 c.69)
Under the 2025 graduated supplemental fee, a NJ residence sells for $2,300,000. Which rate tier applies?
- 2% (the $2,000,000–$2,500,000 tier) — Correct answer
- 1% (a single flat mansion-tax rate)
- 3.5% (the top tier applies to everything over $1M)
- 0% (residences are exempt)
Explanation: The 2025 graduated schedule (seller-paid) is: 1% for $1M–$2M, 2% for $2M–$2.5M, 2.5% for $2.5M–$3M, 3% for $3M–$3.5M, and 3.5% over $3.5M. A $2,300,000 sale falls in the $2M–$2.5M band → 2%. Graduated tiers（分级档）: rate rises with the price band. Source: N.J.S.A. §46:15; P.L. 2025 c.69.
Handbook: New Jersey Taxes — 2025 supplemental fee tier for $2.3M = 2% (P.L. 2025 c.69)