Knowledge Base
Reference
Essential NJ real estate knowledge — taxes, house types, closing costs, and more.
Property Tax by Town
Bergen County estimates
NJ has some of the highest property taxes in the nation. Taxes vary significantly by town and property value.
* Estimates only. Actual taxes vary by property assessment.
2024–2025 Property Tax Rates by Town
Official tax rates and equalization ratios for all Bergen County municipalities.
* Source: Chris Kim, RE/MAX NOW · 201-466-2738 · [email protected]
Types of Houses
Know what you're buying
Single Family
A standalone home on its own lot. Most common in Bergen County suburbs. Full ownership of land and structure.
2–4 Family (Multi-Family)
A building with 2–4 separate units. Owner can live in one unit and rent the others for income.
Condo
You own your unit but share common areas with other owners. HOA fees apply. Good for low-maintenance living.
Townhouse
Multi-level home sharing walls with neighbors. Usually has a small yard. HOA fees typically lower than condos.
Co-op
You buy shares in a corporation that owns the building, not the unit itself. Board approval required. Common in NYC area.
Duplex
Two units in one building, typically side-by-side or stacked. Great investment property — live in one, rent the other.
Closing Costs
Buyer & Seller breakdown
BBuyer's Costs
Down Payment
3%–20% of purchase price
Mortgage Origination Fee
0.5%–1% of loan amount
Appraisal Fee
$500–$800
Home Inspection
$400–$700
Buyer's Attorney Fee
$1,500–$2,500
Title Insurance (Owner)
Varies by price
Title Search
$200–$400
Recording Fees
$100–$300
SSeller's Costs
Realty Transfer Fee (NJ State)
~1% of sale price (tiered)
Real Estate Commission
Negotiable — contact Chris
Seller's Attorney Fee
$1,500–$2,500
Mortgage Payoff
Remaining balance
Home Warranty (optional)
$400–$700
Transfer Tax (if applicable)
Varies
Buyer's Closing Cost — Detailed Breakdown
Additional costs and fees when buying a property in New Jersey.
Seller's Closing Cost — Detailed Breakdown
Additional costs and fees when selling a property in New Jersey, including Realty Transfer Fee.
Renovation ROI
Average return on common improvements
Kitchen Remodel (minor)
Bathroom Remodel
Deck Addition
Entry Door Replacement
Garage Door Replacement
Siding Replacement
Attic Insulation
Basement Finishing
