+23 Nj Exit Tax Home Sale References. (gross income tax form) in order to record a deed for the transfer of his property. Ad get state sales tax rates.

The new jersey exit tax requires you to withhold either 8.97 percent of the profit/capital gainyou make on the sale of your home or 2 percent of the total selling price,. Ad get state sales tax rates. The exit tax is not actually a separate tax, but an estimated tax payment to cover the income tax resulting from the gain on the sale of real estate in new jersey, said bernie kiely, a.