Taxes in New Jersey

Individual Taxes Business Taxes Sales Taxes Property Taxes

Top Individual Income Tax Rate

8.97%

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State and Local Individual Income Tax Collections per Capita

$1340

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State and Local Tax Burden

12.2%

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Tax Freedom Day

May 12

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Top Corporate Income Tax Rate

9.00%

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State Business Tax Climate Index Ranking

50

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State Sales Tax Rate

6.88%

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Average Local Sales Tax Rate

-0.03%

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Combined State and Average Local Sales Tax Rate

6.85%

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State and Local General Sales Tax Collections per Capita

$994

State Gasoline Tax Rate (cents per gallon)

37.1¢

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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

$3065

Punching the Meal Ticket: Local Option Meals Taxes in the States

January 26, 2017

Lunch Links: OECD Raises U.S. Growth Projections Based on Trump’s Economic Plans; Compromise Support for D.C. Payroll Tax for Paid Leave; N.J. Gov. Christie Reverses Stance on Tax Reciprocity Pact

November 29, 2016

Lunch Links: Not So Sweet Soda Taxes Have Multi-City Appeal; Trump Includes Tax Reform in Efforts to Keep Carrier from Bolting; Christie Cites ‘Blood Money’ Tax Revenue in Shunning Marijuana Legalization for N.J.

November 28, 2016

Lunch Links: IRS Regs Could Change in Trump Administration; New Jersey’s Bond Rating Lowered Again; Illinois Shortfall Worse Than Expected; Politico Forum Upcoming on Tax Reform

November 15, 2016

Lunch Links: House Ways and Means Deep in Planning for Tax Reform; Chicago Next Up to Vote on Soda Tax; Seattle and L.A. Vote in Taxes for Transportation Improvements; San Diego Rejects Tax for NFL Stadium

November 10, 2016

Lunch Links: Questionable Trump Tax Maneuver to Avoid Debts Cited; Colorado Rebuts Arizona Ads Opposing State’s Marijuana Voter Proposition; Left’s Opposition to Washington Carbon Tax Criticized; Yale Daily News Endorsement Puts Tax Exemption at Risk

November 1, 2016

Lunch Links: Gas Up, New Jersey, Before Tomorrow; Don’t Look for Trump Tax Returns Before Election; Former Olympia Mayors Solidly Oppose Income Tax Initiative; Sign Up for TF’s Annual Gala in November

October 31, 2016

Lunch Links: Justice Department Charges Those Defrauding Americans of $300M in IRS Phone Scams; Christie Criticizes Lt. Governor on Transportation Revenue Stance; More TV Series Move to Hollywood for Tax Benefits

October 28, 2016

Lunch Links: Debating Small, Progressive Taxes vs. Larger, Less Progressive; More Blowback on Brownback’s Kansas Tax Policy; Plea Agreement Reached by Tax Court Judge

October 25, 2016

New Jersey’s Gas Tax Increase is Just One Part of the Story

October 24, 2016

Lunch Links: Schumer Pushes for Social Security Boost; Impact of Passing Tobacco Tax Initiatives in Missouri; Marylanders to Vote on Further Tax for Subway Improvements

October 24, 2016

Lunch Links: Social Security Tax Cap Raised; Liquor Prices in Pennsylvania Could Soar from Tax Change; Gary Johnson Tax Plan Still Lacking Details; Follow TF for Live Debate Coverage

October 19, 2016

Lunch Links: New Jersey Tax Proposals Anger the Right and the Left; Alaska Shortfall Means Cuts And/Or Taxes; Trump Takes Hits on Taxes from Major Media and The Onion

October 7, 2016

Lunch Links: VP Candidates Battle on Taxes; Latest Date Hinted at for Trump Tax Return Release; Continued Shortfalls Lead Kansas Officials to Consider Ending Updates; Local Virginia Meals Tax Floated to Help Fund Education

October 5, 2016

Lunch Links: New Jersey Lawmakers Set to Vote on Gas Tax Hike; Tax Experts Weigh in on Trump’s Reported Losses; Kansas Shortfall Extended

October 4, 2016

Lunch Links: Speaker Ryan Lays Out Vision for Tax Reform; Compromise Part of Latest New Jersey Tax Proposal; Pennsylvania Legislators Target Reduction of 40 Percent E-Cigarette Tax; Rundown of Marijuana Ballot Propositions in Five States

September 21, 2016

Lunch Links: House to Take Up Tax Break for Olympic Medal Winners; Trump Child Care Plan Unveiled; Louisiana Puts Off Tax Plans to Address Budget Deficit

September 14, 2016

Lunch Links: Under Amour Wants Baltimore to Finance Transformation of Area to House New Headquarters; Wisconsin Governor, Fellow Republicans in Legislature Announce Tax Reform Proposals; New Tax Foundation Tool to Compare Congressional Tax Plans

September 7, 2016

Individual and Consumption Taxes

Business Taxes

Taxes and the Economy

Major Publications

Personal and Sales Taxes

Business Taxes

Excise Taxes

Major Publications

Taxes in New Jersey

8.97%

$1340

12.2%

May 12

9.00%

50

6.88%

-0.03%

6.85%

$994

37.1¢

$2.70

2.13%

$3065

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Punching the Meal Ticket: Local Option Meals Taxes in the States

Where Did Americans Move in 2016?

Lunch Links: OECD Raises U.S. Growth Projections Based on Trump’s Economic Plans; Compromise Support for D.C. Payroll Tax for Paid Leave; N.J. Gov. Christie Reverses Stance on Tax Reciprocity Pact

Lunch Links: Not So Sweet Soda Taxes Have Multi-City Appeal; Trump Includes Tax Reform in Efforts to Keep Carrier from Bolting; Christie Cites ‘Blood Money’ Tax Revenue in Shunning Marijuana Legalization for N.J.

Lunch Links: IRS Regs Could Change in Trump Administration; New Jersey’s Bond Rating Lowered Again; Illinois Shortfall Worse Than Expected; Politico Forum Upcoming on Tax Reform

Lunch Links: House Ways and Means Deep in Planning for Tax Reform; Chicago Next Up to Vote on Soda Tax; Seattle and L.A. Vote in Taxes for Transportation Improvements; San Diego Rejects Tax for NFL Stadium

Lunch Links: Questionable Trump Tax Maneuver to Avoid Debts Cited; Colorado Rebuts Arizona Ads Opposing State’s Marijuana Voter Proposition; Left’s Opposition to Washington Carbon Tax Criticized; Yale Daily News Endorsement Puts Tax Exemption at Risk

Lunch Links: Gas Up, New Jersey, Before Tomorrow; Don’t Look for Trump Tax Returns Before Election; Former Olympia Mayors Solidly Oppose Income Tax Initiative; Sign Up for TF’s Annual Gala in November

Lunch Links: Justice Department Charges Those Defrauding Americans of $300M in IRS Phone Scams; Christie Criticizes Lt. Governor on Transportation Revenue Stance; More TV Series Move to Hollywood for Tax Benefits

Lunch Links: Debating Small, Progressive Taxes vs. Larger, Less Progressive; More Blowback on Brownback’s Kansas Tax Policy; Plea Agreement Reached by Tax Court Judge

New Jersey’s Gas Tax Increase is Just One Part of the Story

Lunch Links: Schumer Pushes for Social Security Boost; Impact of Passing Tobacco Tax Initiatives in Missouri; Marylanders to Vote on Further Tax for Subway Improvements

Lunch Links: Social Security Tax Cap Raised; Liquor Prices in Pennsylvania Could Soar from Tax Change; Gary Johnson Tax Plan Still Lacking Details; Follow TF for Live Debate Coverage

Lunch Links: New Jersey Tax Proposals Anger the Right and the Left; Alaska Shortfall Means Cuts And/Or Taxes; Trump Takes Hits on Taxes from Major Media and The Onion

Lunch Links: VP Candidates Battle on Taxes; Latest Date Hinted at for Trump Tax Return Release; Continued Shortfalls Lead Kansas Officials to Consider Ending Updates; Local Virginia Meals Tax Floated to Help Fund Education

Lunch Links: New Jersey Lawmakers Set to Vote on Gas Tax Hike; Tax Experts Weigh in on Trump’s Reported Losses; Kansas Shortfall Extended

Lunch Links: Speaker Ryan Lays Out Vision for Tax Reform; Compromise Part of Latest New Jersey Tax Proposal; Pennsylvania Legislators Target Reduction of 40 Percent E-Cigarette Tax; Rundown of Marijuana Ballot Propositions in Five States

Lunch Links: House to Take Up Tax Break for Olympic Medal Winners; Trump Child Care Plan Unveiled; Louisiana Puts Off Tax Plans to Address Budget Deficit

Lunch Links: Under Amour Wants Baltimore to Finance Transformation of Area to House New Headquarters; Wisconsin Governor, Fellow Republicans in Legislature Announce Tax Reform Proposals; New Tax Foundation Tool to Compare Congressional Tax Plans