We have had our house on the market for quite a few months then took it off after our sale fell through. Our last realtor said there was not a exit tax if you file NJ taxes for that tax year you left... BS. We had another realtor come over last night and she showed me the paper that there is a 2% of the gross income fee if leaving the state. Holy CR@P, that is a lot of money! I researched it on line and once again, in typical NJ vaugeness there are a plethora of responses and answers. Some get charged, some say it is a myth and some say they got a bill at their new residence a year after moving. Does anyone know what this is and how it works? I am a bit ticked at my last agent for flat out lying...but also ticked at myself for not researching this a bit more.

Deleted after reading PK90's reply.

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They get you coming and going

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I am still confused after reading that post. It seems that if you have lived in the home for at least 24 months you are exempt but they still collect the tax? Then they supposedly refund it to you? This is where it gets confusing because I have also read it can up to a year or more to refund if you even get the refund. How about if the state gives me 2% of the value of my home for being a good tax payer then I'll hold onto the $6000 until I deem I am not...fair? What a crock....