A685 — Terminates imposition of general purpose fee under realty transfer fee and one percent assessment on purchases of residential real property selling for more than $1,000,000.

A685 — Terminates imposition of general purpose fee under realty transfer fee and one percent assessment on purchases of residential real property selling for more than $1,000,000. · Informed CitizenryThis legislation removes specific fees that were previously assessed when purchasing high-value homes in New Jersey. Specifically, the bill terminates both the general purpose fee included within t…Open in Informed Citizenry