Norwood, New Jersey — Tax Burden
What is the tax burden in Norwood, New Jersey?
Norwood, New Jersey has a total tax burden of 13.58%, ranking #1202 nationally. Property tax rate: 1.58%, state income tax: 5.013%, sales tax: 6.63%. Median household income is $156,630.
Source: US Census ACS, 2022
Ranked #1202 nationally for total tax burden among 6,688+ US cities.
Total Tax Burden
13.58%
Rank: 1202nd nationally
Property Tax Rate
1.58%
Rank: 1762nd nationally
Income Tax Rate
5.013%
New Jersey state rate
Sales Tax Rate
6.63%
State + local combined
Tax Burden Breakdown
Property (47%)Income (37%)Sales (16%)
Median Income: $156,630
Median Home Value: $633,800
Median Property Tax: $10,001/yr
Population: 5,657