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

$1570

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State and Local Tax Burden

12.2%

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Top Corporate Income Tax Rate

10.5%

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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

6.60%

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State and Local General Sales Tax Collections per Capita

$1174

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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

2.21%

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State and Local Property Tax Collections Per Capita

$3276

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Featured Articles

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April 1, 2021

How High Are Taxes on Recreational Marijuana in Your State?

March 31, 2021

Facts and Figures 2021: How Does Your State Compare?

March 10, 2021

State Aid in American Rescue Plan Act Is 116 Times States’ Revenue Losses

March 3, 2021

Which States Are Taxing Forgiven PPP Loans?

February 22, 2021

State Individual Income Tax Rates and Brackets for 2021

February 17, 2021


Related Articles

State Conformity to Federal Pandemic-Related Tax Provisions in CARES and ARPA

How High Are Taxes on Recreational Marijuana in Your State?

State and Local Tax Burdens, Calendar Year 2019

Facts and Figures 2021: How Does Your State Compare?

State Aid in American Rescue Plan Act Is 116 Times States’ Revenue Losses

Which States Are Taxing Forgiven PPP Loans?

State Individual Income Tax Rates and Brackets for 2021

Where Did Americans Move in 2020?

Several States Considering Legal Recreational Marijuana

The Drawbacks of State Taxes on Financial Transactions

State and Local Sales Tax Rates, 2021

State Tax Changes Effective January 1, 2021

Congress Passes $900 Billion Coronavirus Relief Package

Gross Receipt Taxes Become Part of New Jersey’s Recreational Marijuana Legalization

Details and Analysis of State and Local Aid Under the Bipartisan State and Local Support and Small Business Protection Act of 2020

Wireless Tax Burden Remains High Due to Federal Surcharge Increase

IRS Signals Approval of Entity-Level SALT Cap Workaround, But States Should Still Think Twice

New Jersey May Be the First State Without an Excise Tax Levy on Recreational Marijuana

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