Free Montgomery, New Jersey seller net sheet calculator
Closing costs, transfer taxes and who pays what when selling a home in Montgomery, New Jersey (Somerset County). The calculator applies the local rates for you.
- Median home value
- $739,400
- Transfer tax on $740,000
- $6,669
- Seller costs on $740,000
- About $43,779
- Median property tax bill
- more than $10,000 a year
- County
- Somerset County
- Population
- 24,254
Montgomery transfer tax
On a $740,000 sale in Montgomery, transfer taxes come to $6,669: Realty transfer fee (consideration over $350,000). By custom the seller pays it.
| Tax | Rate | Paid by | On $740,000 |
|---|---|---|---|
| Realty transfer fee (consideration over $350,000) | $2.90 to $6.05 per $500 by bracket | Seller | $6,669 |
| Sale price | Seller pays | Buyer pays | Total |
|---|---|---|---|
| $250,000 | $1,325 | $0 | $1,325 |
| $500,000 | $4,175 | $0 | $4,175 |
| $740,000 local median value | $6,669 | $0 | $6,669 |
| $1,000,000 | $9,575 | $0 | $9,575 |
Example Montgomery seller net sheet
A $740,000 sale, close to Montgomery's median home value of $739,400, with a 5% commission and a $445,000 mortgage payoff. Seller costs come to about $43,779, or 5.9% of the price.
| Line | Seller |
|---|---|
| Sale price | $740,000 |
| First mortgage payoff | −$445,000 |
| Real estate commission (5%) | −$37,000 |
| Realty transfer fee (consideration over $350,000) | −$6,669 |
| Release / satisfaction recording | −$60 |
| Wire / courier / payoff processing | −$50 |
| Estimated net before property tax prorations | $251,221 |
Who pays what in Montgomery
Montgomery closings follow Somerset County customs. In Somerset County, the buyer customarily pays the owner's title policy. The settlement fee is customarily paid by the buyer. Closings are usually handled by a title company or attorney.
Property taxes in Montgomery
The median property tax bill for homeowners in Montgomery is more than $10,000 a year (Census Bureau American Community Survey, 2019-2023). Taxes here are paid in advance, so at closing the bill is prorated between buyer and seller to the closing date. Quarterly bills due Feb 1, May 1, Aug 1 and Nov 1 for the quarter; seller is credited for any prepaid quarter.
Rates verified 2026-09-29. Home value and tax bill: Census Bureau American Community Survey, 2019–2023. A net sheet is an estimate; final figures come from the title company.
Montgomery seller questions
How much is the transfer tax in Montgomery, New Jersey?
On a $740,000 sale in Montgomery, transfer taxes come to $6,669: Realty transfer fee (consideration over $350,000). By custom the seller pays it.
How much are seller closing costs in Montgomery?
On a $740,000 sale, close to the median home value in Montgomery, with a 5% commission, estimated seller costs are about $43,779 (5.9% of the price). Without commission they are about $6,779. The loan payoff and property tax proration change the final number.
What county is Montgomery in, and does it matter at closing?
Montgomery is in Somerset County, New Jersey. County and state rules set the transfer taxes and recording fees, and local custom decides who pays for title and closing. In Somerset County, the buyer customarily pays the owner's title policy. The settlement fee is customarily paid by the buyer.
How much are property taxes in Montgomery?
The median property tax bill for homeowners in Montgomery is more than $10,000 a year (Census Bureau American Community Survey, 2019-2023). Taxes here are paid in advance, so at closing the bill is prorated between buyer and seller to the closing date. Quarterly bills due Feb 1, May 1, Aug 1 and Nov 1 for the quarter; seller is credited for any prepaid quarter.
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