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Read. Follow. Verify.New Jersey Bill A916 Raises Real Property Transfer Fee and Tax Threshold to $1.5 Million
Last action · January 13, 2026: Introduced, Referred to Assembly Housing CommitteeSponsors: Azzariti Jr., John V., M.D. and 1 other
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What This Bill Would Do
This bill raises the threshold for imposing the 1 percent real property transfer fee and transfer tax from $1 million to $1.5 million. Following enactment, the threshold will be adjusted annually starting July 1 based on changes in the for urban consumers in the New York City and Philadelphia metropolitan areas.
Property buyers and sellers involved in commercial and residential real estate transactions valued between $1 million and $1.5 million will be exempt from the 1 percent transfer fee and tax once the measure takes effect.
- New Jersey imposes an additional 1 percent fee on transfers of certain residential, commercial, and agricultural properties exceeding a specific monetary threshold, commonly referred to as the mansion tax. context
- The bill was pre-filed for introduction in the 2026 legislative session and referred to the Assembly Housing Committee. context
Who It Would Affect
Groups the bill's text would affect if enacted, as described in the record. Being affected is not a position for or against it.
grantees of real property
purchasers of controlling interests
Purchasers acquiring controlling interests in entities owning classified real property valued between $1 million and $1.5 million are exempt from the transfer tax.
Division of Taxation
The division is tasked with calculating and publishing annual threshold adjustments based on the Consumer Price Index.
Key Facts
You don't have to trust us. Each fact below is taken straight from the official document - click any one to see the exact passage, highlighted in the original.
Frequently Asked Questions
What is the new dollar threshold for real property transfer fees and taxes under A916?
How will future thresholds be adjusted after the bill passes?
Who is responsible for publishing the adjusted threshold each year?
What else do you want to know?
News Coverage
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Votes, people, money & the original sourceWhere This Stands
Currently in committee. The next step in the legislative lifecycle is Floor Vote.
Procedural history
1 action- Jan 13, 2026HouseIntroducedIntroduced, Referred to Assembly Housing Committee
Version history
Only one version on file - nothing to compare yet. As later stages (committee substitute, engrossed, enrolled) are captured, the redline appears here.
View official text →Lobbying Activity
No state lobbying filings in our records match this bill. Federal lobbying reports (LDA) cover Congress, so they are not listed on state bills.
Full breakdown
Who this bill affects and the strongest case for and against it, written only from the bill’s own text.
Sponsors
Discoveries
Patterns POLISCOPE noticed across the record. These are observations to investigate, not conclusions.
Transition to Automated Inflation Indexing
The bill shifts property transfer fee thresholds from static statutory amounts to an automated annual adjustment model tied to regional Consumer Price Index metrics.
Connected Entities
Sources
njleg.state.nj.us
Analysis Score
0–100- Significance60How much this matters to a regular citizen
- Controversy25Intensity of disagreement among stakeholders
- Entertainment5Compellingness for a non-policy-wonk reader
- Buzz30Current news / social attention level
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