Madison, New Jersey — Tax Burden
What is the tax burden in Madison, New Jersey?
Madison, New Jersey has a total tax burden of 13.37%, ranking #1291 nationally. Property tax rate: 1.18%, state income tax: 5.070%, sales tax: 6.63%. Median household income is $163,567.
Source: US Census ACS, 2022
Ranked #1291 nationally for total tax burden among 6,688+ US cities.
Total Tax Burden
13.37%
Rank: 1291st nationally
Property Tax Rate
1.18%
Rank: 2698th nationally
Income Tax Rate
5.070%
New Jersey state rate
Sales Tax Rate
6.63%
State + local combined
Tax Burden Breakdown
Property (46%)Income (38%)Sales (16%)
Median Income: $163,567
Median Home Value: $844,700
Median Property Tax: $10,001/yr
Population: 16,521