A 686 New Jersey General Assembly · 2026-2027 Regular Session

Exempts senior citizens and blind or disabled persons from certain realty transfer fees.

This bill exempts senior citizens, blind individuals, and disabled persons from specific realty transfer fees when buying or selling their owner-occupied one- or two-family homes. It eliminates the State portion of the basic fee and general purpose fee for qualifying sellers and removes a 1% fee for qualifying buyers purchasing homes over $1 million. The exemption does not apply if the property is jointly owned by someone who doesn't meet the eligibility criteria. All affected transactions must still comply with standard transfer requirements, and fees not collected due to this exemption are redirected to the Affordable Housing Trust Fund.
Bill status in committee 1 of 4 stages cleared
Introduction
Jan 2026
Committee Review
Floor Vote
Governor
Introduced Jan 13, 2026 Last action Jan 13, 2026
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Jan 13, 2026
Introduced
Introduced, Referred to Assembly Aging and Human Services Committee
lower
2 primary · 0 co-sponsors

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