Free Upper Montclair, New Jersey seller net sheet calculator
Closing costs, transfer taxes and who pays what when selling a home in Upper Montclair, New Jersey (Essex County). The calculator applies the local rates for you.
- Median home value
- $968,200
- Transfer tax on $970,000
- $9,227
- Seller costs on $970,000
- About $57,837
- Median property tax bill
- more than $10,000 a year
- County
- Essex County
- Population
- 12,279
Upper Montclair transfer tax
On a $970,000 sale in Upper Montclair, transfer taxes come to $9,227: Realty transfer fee (consideration over $350,000). By custom the seller pays it.
| Tax | Rate | Paid by | On $970,000 |
|---|---|---|---|
| Realty transfer fee (consideration over $350,000) | $2.90 to $6.05 per $500 by bracket | Seller | $9,227 |
| Sale price | Seller pays | Buyer pays | Total |
|---|---|---|---|
| $250,000 | $1,325 | $0 | $1,325 |
| $500,000 | $4,175 | $0 | $4,175 |
| $970,000 local median value | $9,227 | $0 | $9,227 |
| $1,000,000 | $9,575 | $0 | $9,575 |
Example Upper Montclair seller net sheet
A $970,000 sale, close to Upper Montclair's median home value of $968,200, with a 5% commission and a $580,000 mortgage payoff. Seller costs come to about $57,837, or 6% of the price.
| Line | Seller |
|---|---|
| Sale price | $970,000 |
| First mortgage payoff | −$580,000 |
| Real estate commission (5%) | −$48,500 |
| Realty transfer fee (consideration over $350,000) | −$9,227 |
| Release / satisfaction recording | −$60 |
| Wire / courier / payoff processing | −$50 |
| Estimated net before property tax prorations | $332,163 |
Who pays what in Upper Montclair
Upper Montclair closings follow Essex County customs. In Essex 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 Upper Montclair
The median property tax bill for homeowners in Upper Montclair 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.
Upper Montclair seller questions
How much is the transfer tax in Upper Montclair, New Jersey?
On a $970,000 sale in Upper Montclair, transfer taxes come to $9,227: Realty transfer fee (consideration over $350,000). By custom the seller pays it.
How much are seller closing costs in Upper Montclair?
On a $970,000 sale, close to the median home value in Upper Montclair, with a 5% commission, estimated seller costs are about $57,837 (6% of the price). Without commission they are about $9,337. The loan payoff and property tax proration change the final number.
What county is Upper Montclair in, and does it matter at closing?
Upper Montclair is in Essex 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 Essex 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 Upper Montclair?
The median property tax bill for homeowners in Upper Montclair 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.
Other cities in Essex County
- Newark
- East Orange
- Irvington
- Bloomfield
- West Orange
- Montclair
- Belleville
- City of Orange
- Livingston
- Nutley
- Maplewood
- Millburn
Cities near Upper Montclair
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