New Jersey

What's New



By the Numbers

Personal Income Tax Features
Range of Tax Rates 1.4% - 8.97%
Standard Deduction
  • None
  • Personal Exemption $1,000
    Dependent Exemption $1,500
    Earned Income Tax Credit (EITC) 20% Refundable
    Corporate Income Tax Features
    Range of Tax Rates N/A
    Income Level at Which Top Rate Applies N/A
    Combined Reporting 9.00%
    Apportionment Factor (Payroll) All
    Apportionment Factor (Property) No
    Apportionment Factor (Sales) 0%
    Sales Tax Features
    State Sales Tax Rate 7.00%
    Average Local Sales Tax Rate N/A
    Average Combined State & Local Sales Tax Rate 7.00%
    State Sales Tax Treatment of Groceries Exempt
    Local Sales Tax Treatment of Groceries N/A
    Number of Services Taxed 11 out of 168 surveyed (2007)
    Streamlined Sales Tax Membership Full
  • Sales tax applies to digital goods and services
  • Sales tax applies to digital goods and services
  • Property Tax Features
  • Provides a circuit breaker for homeowners and renters of all ages
  • Comparatively high property taxes.
  • Property taxes capped at 2%.
  • Other Tax & Revenue Features
    Gasoline Tax Rate (per gallon) $0.145
    Diesel Tax Rate (per gallon) $0.175
    Cigarette Tax Rate (per pack) $2.70
    Estate or Inheritance Tax Yes
    Net Lottery Sales Per Capita $280 (2010)
    Tax Policy Oversight
    Tax Expenditure Report Yes, but excludes at least one major tax
    Tax Incidence Analysis Capability Personal income tax only

    Last updated January 13, 2015