March 28, 2016 • Page 7 of 15
No. 9 New Jersey
The state income tax ranges from 1.4 percent to 8.97 percent and the sales tax is a steep 7 percent. New Jersey’s property taxes are the highest in the nation, according to the Tax Foundation. The median property tax on the state's median home value of $307,700 is $7,331. New Jersey is one of only two states that have both an estate tax, paid before the estate is distributed, and an inheritance tax, paid by beneficiaries. First « 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 » Next
The state income tax ranges from 1.4 percent to 8.97 percent and the sales tax is a steep 7 percent. New Jersey’s property taxes are the highest in the nation, according to the Tax Foundation. The median property tax on the state's median home value of $307,700 is $7,331. New Jersey is one of only two states that have both an estate tax, paid before the estate is distributed, and an inheritance tax, paid by beneficiaries.
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