New Jersey State Tax Guide
by The Kiplinger Washington Editors
Mar 09, 2022
3 minutes
Bottom Line
Middle-Class Families: Least Tax-Friendly (Go to the Kiplinger Tax Map for Middle-Class Families)
Retirees: Least Tax-Friendly (Go to the Kiplinger Tax Map for Retirees)
While New Jersey gives many residents a break on income and sales taxes, it brings the hammer down when they buy a home. New Jersey's statewide median property tax rate is the highest in the country.
Income taxes in New Jersey on middle-class taxpayers are low, but the state has a steeply progressive rate structure – and a "millionaire's tax" – that kicks the income tax burden up for wealthier residents. The
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