Taxes in New Jersey

Each state’s tax code is a multifaceted system with many moving parts, and New Jersey is no exception. The first step towards understanding New Jersey’s tax code is knowing the basics.

How does New Jersey rank?  Below, we have highlighted a number of tax rates, ranks, and measures detailing New Jersey’s income tax, business tax, sales tax, and property tax systems. Click the tabs below to explore!

Top Individual Income Tax Rate

10.750%

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State and Local Individual Income Tax Collections per Capita

$1488

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State and Local Tax Burden

12.2%

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Tax Freedom Day

April 30

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Top Corporate Income Tax Rate

11.5%

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State Business Tax Climate Index Ranking

50

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State Sales Tax Rate

6.625%

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Average Local Sales Tax Rate

0.03%

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Combined State and Average Local Sales Tax Rate

6.63%

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State and Local General Sales Tax Collections per Capita

$1065

State Gasoline Tax Rate (cents per gallon)

41.40¢

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State Cigarette Tax Rate (dollars per 20-pack)

$2.70

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Property Taxes Paid as a Percentage of Owner-Occupied Housing Value

2.13%

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State and Local Property Tax Collections Per Capita

$3127

Featured Articles

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April 2, 2020

Facts and Figures 2020: How Does Your State Compare?

February 13, 2020

Tax Trends at the Dawn of 2020

January 6, 2020

Local Income Taxes in 2019

July 30, 2019

2019 State Business Tax Climate Index

September 26, 2018

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March 27th Morning State Tax Update

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Who Wants to Tax a Millionaire? The State of New Jersey

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2019 State Business Tax Climate Index

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Business and Individual Taxpayers See No Reprieve in New Jersey Tax Package

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New Jersey May Adopt Highest Corporate Tax in the Country

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New Jersey Still Considering Hefty Corporate Tax Increase, a Move in the Wrong Direction

June 12, 2018

New York, New Jersey, and Connecticut v. the United States: A Preview of the SALT Limit Constitutional Challenge

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New Jersey on Path to Tying for Highest Corporate Tax Rate in Country

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State Tax Changes That Took Effect on January 1, 2018

January 2, 2018