Dear Recording/Filing Customer:

Please be advised that State Assembly Bill No. 4701 recently was signed into law, imposing a 1% fee, or 1% tax, on certain purchasers of certain commercial property in excess of $1 million.

This New Fee applies to all deeds meeting the criteria mentioned above, which were submitted for recording on or after August 1, 2006.

We urge you to please go to the New Jersey Division of Taxation Web site at www.state.nj.us/treasury/taxation for updated information related to the fee. To download the revised Affidavit of Consideration forms (RTF-1) and (RTF-1EE) go to the New Jersey Division of Taxation Web site at http://www.state.nj.us/treasury/taxation/pdf/granteefeenotice.pdf

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FOR ADDITIONAL INFORMATION, GO TO THE NEW JERSEY DIVISION OF TAXATION WEB SITE AT:

www.state.nj.us/treasury/taxation

RTF FEE QUESTIONS CALL:
609-292-7974