Taxes in Bloomfield, New Jersey
Complete tax guide for Bloomfield, NJ. State income tax up to 8.97%, 2.2% property tax, 9.59% sales tax. Calculate your total tax burden.
State Income Tax
8.97%
New Jersey
Property Tax
2.2%
Effective rate
Sales Tax
9.59%
Combined rate
Tax Burden
Very High
Bloomfield, NJ Tax Overview
Population
49,733
Median Income
$89,900
Cost of Living
115.5 (100 = avg)
State Income Tax
8.97%
Median Home Price
$382,000
Bloomfield Tax Calculator
Pre-filled with Bloomfield median: $89,900
Total Tax Burden in Bloomfield
$26,333
Take-Home: $63,567 · Effective Rate: 29.29%
Federal Tax
$11,392
12.67% eff.
NJ State
$8,064
8.97% eff.
FICA
$6,877
7.65% eff.
Take-Home
$63,567
70.71% kept
Tax Breakdown
| Item | Annual | Monthly |
|---|---|---|
| Gross Income | $89,900.00 | $7,491.67 |
| Federal Income Tax | -$11,392.00 | -$949.33 |
| New Jersey State Tax | -$8,064.03 | -$672.00 |
| Social Security (6.2%) | -$5,573.80 | -$464.48 |
| Medicare (1.45%) | -$1,303.55 | -$108.63 |
| Take-Home Pay | $63,566.62 | $5,297.22 |
Property Tax in Bloomfield
Median Home
$382,000
Annual Tax
$8,404
Monthly Tax
$700
Effective Rate
2.2%
Sales Tax in Bloomfield
Combined Rate
9.59%
State Portion
~7.1%
Local Portion
~2.5%
The combined sales tax rate in Bloomfield is 9.59%, which is above the national average of 7.12%. On a $100 purchase, you would pay $9.59 in sales tax.
Tax Burden Comparison
| Tax Type | Bloomfield | New Jersey Avg | National Avg |
|---|---|---|---|
| Income Tax | 8.97% | 8.97% | 4.6% |
| Property Tax | 2.2% | ~2.2% | 1.1% |
| Sales Tax | 9.59% | ~9.59% | 7.12% |
| Overall Burden | Very High | — | Moderate |
Tax Saving Tips for Bloomfield Residents
- New Jersey's income tax rate of 8.97% is above average. Maximize pre-tax retirement contributions (401k up to $23,500, IRA up to $7,000) to reduce both federal and state taxable income.
- Property tax in Bloomfield (2.2%) is above the national average. Check if you qualify for homestead exemptions or assessment appeals to reduce your property tax bill.
- The combined sales tax rate of 9.59% is relatively high. Consider making large purchases in lower-tax jurisdictions or online retailers that do not charge local tax rates.
- Use a Health Savings Account (HSA) if eligible. Contributions are tax-deductible ($4,300 individual, $8,550 family), growth is tax-free, and withdrawals for medical expenses are tax-free.
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See detailed state tax brackets, FICA breakdown, and compare to neighboring states.
Frequently Asked Questions
What are the tax rates in Bloomfield, NJ?
Bloomfield, New Jersey has a state income tax rate up to 8.97%. The property tax rate is 2.2% and the combined sales tax rate is 9.59%.
How much is property tax in Bloomfield?
The effective property tax rate in Bloomfield is 2.2%. On the median home price of $382,000, this equals approximately $8,404 per year or $700 per month. This is above the national average of 1.1%.
What is the sales tax rate in Bloomfield?
The combined sales tax rate in Bloomfield is 9.59%, which includes both state and local components. This is above the national average combined rate of approximately 7.12%.
How does Bloomfield's tax burden compare to other cities?
Bloomfield has a very high overall tax burden. The effective total tax rate for a median-income household is approximately 36.5%. The combination of 8.97% state income tax, 2.2% property tax, and 9.59% sales tax determines the total burden. Cost of living index is 115.5 (100 = national average).
Are there any local taxes in Bloomfield?
Bloomfield does not impose a separate local or city income tax. Residents pay the state income tax of 8.97%, federal income tax, and FICA (Social Security and Medicare).