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New Jersey Tax Bracket Calculator β€” Updated 2026

State abbreviation: NJ

In New Jersey, your federal tax bracket is supplemented by a state income tax rate of 6.37%. Understanding your marginal tax rateβ€”federal plus stateβ€”helps you optimize deductions, retirement contributions, and investment decisions. The combined tax burden varies significantly by state.

New Jersey Financial Data (2026)

State Tax Rate
6.37%
Property Tax Rate
2.49%
Median Home Price
$435,000
Avg Insurance Cost
$1,440/year
Cost of Living Index
123
State Abbreviation
NJ