hereibenow
Junior Member
What is the name of your state? nj
hi, i am considering selling my house and moving out of state. i have heard something about some sort of 2% added tax to nj for 'leaving the state and purchasing elsewhere'. i have searched forums and researched online and cannot find out anything about this. rumor says a fee of 2% of selling price is added at closing. people who have had this happen to them said it seems there is nothing you can do if you buy another house in a different state you have to pay the fee/tax/whatever. is this really true? legally is this real? it sounds funny to me and besides which 2% of a $500000.00 house is $10,000. thats a hefty amount just to move out. anybody have any facts?
thanks for allWhat is the name of your state?
hi, i am considering selling my house and moving out of state. i have heard something about some sort of 2% added tax to nj for 'leaving the state and purchasing elsewhere'. i have searched forums and researched online and cannot find out anything about this. rumor says a fee of 2% of selling price is added at closing. people who have had this happen to them said it seems there is nothing you can do if you buy another house in a different state you have to pay the fee/tax/whatever. is this really true? legally is this real? it sounds funny to me and besides which 2% of a $500000.00 house is $10,000. thats a hefty amount just to move out. anybody have any facts?
thanks for allWhat is the name of your state?