Taxes in New Jersey: Income, Sales, and Property Tax Guide
Top Income Tax Rate
10.8%
Combined Sales Tax
6.6%
Avg Property Tax Rate
2.2%
Median Household Income
$97,126
How New Jersey Compares to National Average
IRS Statistics of Income Data
Average AGI
$75,000
Average Tax Liability
$11,800
Itemized Deduction Rate
35.0%
Avg SALT Deduction
$10,000
Avg Mortgage Interest Deduction
$13,000
Avg Charitable Deduction
$6,000
Source: IRS Statistics of Income (2022 tax year)
What This Means for You
With a top marginal rate of 10.8%, New Jersey's income tax is above the national median. Combined with a 6.6% sales tax and 2.2% property tax rate, the overall tax burden in New Jersey varies depending on your income, spending, and homeownership status.
Frequently Asked Questions
Does New Jersey have an income tax?
Yes, New Jersey has a state income tax with a top marginal rate of 10.8%.
What is the sales tax in New Jersey?
The combined state and local sales tax rate in New Jersey is approximately 6.6%.
How does New Jersey compare to other states?
Visit our state comparison page or use the Compare tool to see how New Jersey's tax burden compares to neighboring states and the national average.
Related Resources
Data sources: Tax Foundation (2024), IRS Statistics of Income (2022). TaxGrader is not a CPA, tax advisor, enrolled agent, or attorney. This content is for educational and informational purposes only.