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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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

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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

2.13%

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State and Local Property Tax Collections Per Capita

$3127

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Featured Articles

State Tax Changes Effective July 1, 2020

July 9, 2020

A Visual Guide to Unemployment Benefit Claims

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

Related Articles

State Tax Changes Effective July 1, 2020

New Jersey Considers Bonds Paid for by Statewide Property Tax

April 2nd Evening State Tax Update

A Visual Guide to Unemployment Benefit Claims

New Jersey Waives Telework Nexus During COVID-19 Crisis

March 27th Afternoon State Tax Update

March 27th Morning State Tax Update

Facts and Figures 2020: How Does Your State Compare?

Tax Trends at the Dawn of 2020

Local Income Taxes in 2019

Millionaire’s Tax Gets Axed from New Jersey Budget

The Tax Proposal That Refuses to Die: New Jersey’s Millionaire’s Tax

Facts and Figures 2019: How Does Your State Compare?

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

2019 State Business Tax Climate Index

Evaluating the SALT Deduction Constitutional Challenge

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

New Jersey May Adopt Highest Corporate Tax in the Country

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

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