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New Jersey Affidavit of Consideration For Use By Seller

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New Jersey Affidavit of Consideration For Use By Seller
New Jersey Affidavit of Consideration For Use By Seller
RTF-1 (Rev. 7/14/10)
MUST SUBMIT IN DUPLICATE STATE OF NEW JERSEY
AFFIDAVIT OF CONSIDERATION FOR USE BY SELLER
(Chapter 49, P.L.1968, as amended through Chapter 33, P.L. 2006) (N.J.S.A. 46:15-5 et seq.)
BEFORE COMPLETING THIS AFFIDAVIT, PLEASE READ THE INSTRUCTIONS ON THE REVERSE SIDE OF THIS FORM.
STATE OF NEW JERSEY
}ss. County Municipal Code
COUNTY _________________ ________________
MUNICIPALITY OF PROPERTY LOCATION _________________________ *Use symbol “C” to indicate that fee is exclusively for county use.
(1) PARTY OR LEGAL REPRESENTATIVE
(Instructions #3 and #4 on reverse side)
Deponent, ______________________________, being duly sworn according to law upon his/her oath,
(Name)
deposes and says that he/she is the____________________________ in a deed dated ________________________ transferring
(Grantor, Legal Representative, Corporate Officer, Officer of Title Company, Lending Institution, etc.)
real property identified as Block number ___________________________ Lot number __________________________located at
_______________________________________________________________________________ and annexed thereto.
(Street Address, Town)
(2) CONSIDERATION
$____________________ (Instructions #1 and #5 on reverse side) no prior mortgage to which property is subject.
_________________________________________________________________________________________________________
(3) Property transferred is Class 4A 4B 4C (circle one). If property transferred is Class 4A, calculation in Section 3A below is required.
(3A) REQUIRED CALCULATION OF EQUALIZED VALUATION FOR ALL CLASS 4A (COMMERCIAL) PROPERTY TRANSACTIONS:
(Instructions #5A and #7 on reverse side)
Total Assessed Valuation ÷ Director’s Ratio = Equalized Assessed Valuation
$_____________________
÷ ____________% = $_________________________
If Director’s Ratio is less than 100%, the equalized valuation will be an amount greater than the assessed value. If Director’s Ratio is equal to or in
excess of 100%, the assessed value will be equal to the equalized valuation.
(4) FULL EXEMPTION FROM FEE (Instruction #8 on reverse side)
Deponent states that this deed transaction is fully exempt from the Realty Transfer Fee imposed by C. 49, P.L. 1968, as amended through
C. 66, P.L. 2004, for the following reason(s). Mere reference to exemption symbol is insufficient. Explain in detail.
____________________________________________________________________________________________________
(5) PARTIAL EXEMPTION FROM FEE
(Instruction #9 on reverse side)
NOTE: All boxes below apply to grantor(s) only. ALL BOXES IN APPROPRIATE CATEGORY MUST BE CHECKED. Failure to do so will
void claim for partial exemption. Deponent claims that this deed transaction is exempt from State portions of the Basic, Supplemental, and
General Purpose Fees, as applicable, imposed by C. 176, P.L. 1975, C. 113, P.L. 2004, and C. 66, P.L. 2004 for the following reason(s):
__________________________________________________________________________________________________________
A. SENIOR CITIZEN Grantor(s) 62 years of age or over.*(Instruction #9 on reverse side for A or B)
B. BLIND PERSON Grantor(s)
legally blind or; *
DISABLED PERSON Grantor(s) permanently and totally disabled receiving disability payments not gainfully employed*
Senior citizens, blind persons, or disabled persons must also meet all of the following criteria:
Owned and occupied by grantor(s) at time of sale. Resident of State of New Jersey.
One or two-family residential premises. Owners as joint tenants must all qualify.
*IN CASE OF HUSBAND AND WIFE, PARTNERS IN A CIVIL UNION COUPLE, ONLY ONE GRANTOR NEED QUALIFY IF TENANTS BY THE ENTIRETY.
______________________________________________________________________________________________________________________________
C
. LOW AND MODERATE INCOME HOUSING (Instruction #9 on reverse side)
Affordable according to H.U.D. standards. Reserved for occupancy.
Meets income requirements of region. Subject to resale controls.
(6) NEW CONSTRUCTION (Instructions #2, #10, #12 on reverse side)
Entirely new improvement. Not previously occupied.
Not previously used for any purpose. NEW CONSTRUCTION” printed clearly at top of first page of the deed.
__________________________________________________________________________________________________________________________
(7) RELATED LEGAL ENTITIES TO LEGAL ENTITIES (Instructions #5, #12, #14 on reverse side)
No prior mortgage assumed or to which property is subject at time of sale.
No contributions to capital by either grantor or grantee legal entity.
No stock or money exchanged by or between grantor or grantee legal entities.
________________________________________________________________________________________________________________
(8) Deponent makes this Affidavit to induce county clerk or register of deeds to record the deed and accept the fee submitted herewith in
accordance with the provisions of Chapter 49, P.L. 1968, as amended through Chapter 33, P.L. 2006.
Subscribed and sworn to before me ____________________________ ______________________________
this day of , 20
Signature of Deponent Grantor Name
_______________________________ __________________________________
Deponent Address Grantor Address at Time of Sale
_______ XXX-XXX-_______________
__________________________________
Last three digits in Grantor’s Social Security Number
Name/Company of Settlement Officer
County recording officers shall forward one copy of each RTF-1 form when Section 3A is completed to: STATE OF NEW JERSEY
PO BOX 251
TRENTON, NJ 08695-0251
ATTENTION: REALTY TRANSFER FEE UNIT
The Director of the Division of Taxation in the Department of the Treasury has prescribed this form as required by law, and it may not be altered or
amended without prior approval of the Director. For information on the Realty Transfer Fee or to print a copy of this Affidavit, visit the Division’s website at:
www.state.nj.us/treasury/taxation/lpt/localtax.shtml.
FOR RECORDER’S USE ONLY
Consideration $ _____________________
RTF paid by seller
$ ___________________
Date___________ By _____________________
FOR OFFICIAL USE ONL
Y
Instrument Number___________________ County_________________
Deed Number_________________ Book __________ Page_________
Deed Dated ___________________ Date Recorded ________________
New Jersey Affidavit of Consideration For Use By Seller

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