New Milford, New Jersey — Tax Burden
What is the tax burden in New Milford, New Jersey?
New Milford, New Jersey has a total tax burden of 15.85%, ranking #321 nationally. Property tax rate: 2.08%, state income tax: 4.401%, sales tax: 6.63%. Median household income is $107,976.
Source: US Census ACS, 2022
Ranked #321 nationally for total tax burden among 6,688+ US cities.
Total Tax Burden
15.85%
Rank: 321st nationally
Property Tax Rate
2.08%
Rank: 765th nationally
Income Tax Rate
4.401%
New Jersey state rate
Sales Tax Rate
6.63%
State + local combined
Tax Burden Breakdown
Property (58%)Income (28%)Sales (14%)
Median Income: $107,976
Median Home Value: $480,000
Median Property Tax: $10,001/yr
Population: 16,888