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martcopolo727
Jan 24, 2012, 07:09 PM
Are there taxes or transfer fees on quitclaim deeds in nj ?

AK lawyer
Jan 24, 2012, 07:18 PM
There is a realty transfer fee (http://www.state.nj.us/treasury/taxation/realty_over.shtml) if the deed recites consideration of $100 or more. It wouldn't matter whether the form of the deed is a quitclaim deed or otherwise. Generally speaking, a QCD is like other forms of deed except that the grantor does not warrant that he or she has good title to the property.