Morristown, New Jersey — Tax Burden
What is the tax burden in Morristown, New Jersey?
Morristown, New Jersey has a total tax burden of 15.47%, ranking #427 nationally. Property tax rate: 1.87%, state income tax: 4.504%, sales tax: 6.63%. Median household income is $113,926.
Source: US Census ACS, 2022
Ranked #427 nationally for total tax burden among 6,688+ US cities.
Total Tax Burden
15.47%
Rank: 427th nationally
Property Tax Rate
1.87%
Rank: 1093rd nationally
Income Tax Rate
4.504%
New Jersey state rate
Sales Tax Rate
6.63%
State + local combined
Tax Burden Breakdown
Property (57%)Income (29%)Sales (14%)
Median Income: $113,926
Median Home Value: $535,900
Median Property Tax: $10,001/yr
Population: 20,126