New Jersey has an income tax, from 1.4% to almost 9%. Social Security is exempt but nearly all other types of retirement income are taxed. Exemptions and exclusions apply. Additional information is available at the New Jersey Division of Taxation site http://www.state.nj.us/treasury/taxation/njit7.shtml.
New Jersey has a 7% sales tax. Gasoline and Diesel are taxed at over $.145/gallon and Cigarettes are taxed at $2.70/pack.
New Jersey has no state level property tax, but municipalities do levy property tax. A homestead and tax reimbursement program are available. Additional information on local property taxes is available at the New Jersey Division of Taxation site http://www.state.nj.us/treasury/taxation/lpt/localtax.shtml.
New Jersey has both an Inheritance and Estate Tax. Inheritance tax is levied on non-linear descendants at 11% to 16%. Estate Tax may be due within the federal limits regardless of whether Inheritance Tax has been levied. Additional information is available at the New Jersey Division of Taxation site http://www.state.nj.us/treasury/taxation/transinher.shtml.