Somerset CDP, New Jersey — Tax Burden
What is the tax burden in Somerset CDP, New Jersey?
Somerset CDP, New Jersey has a total tax burden of 13.60%, ranking #1192 nationally. Property tax rate: 2.02%, state income tax: 4.452%, sales tax: 6.63%. Median household income is $110,859.
Source: US Census ACS, 2022
Ranked #1192 nationally for total tax burden among 6,688+ US cities.
Total Tax Burden
13.60%
Rank: 1192nd nationally
Property Tax Rate
2.02%
Rank: 858th nationally
Income Tax Rate
4.452%
New Jersey state rate
Sales Tax Rate
6.63%
State + local combined
Tax Burden Breakdown
Property (51%)Income (33%)Sales (16%)
Median Income: $110,859
Median Home Value: $381,500
Median Property Tax: $7,713/yr
Population: 24,246