Taxes in Edison, New Jersey
Complete tax guide for Edison, NJ. State income tax up to 10.75%, 2.23% property tax, 6.63% sales tax. Calculate your total tax burden.
State Income Tax
10.75%
New Jersey
Property Tax
2.23%
Effective rate
Sales Tax
6.63%
Combined rate
Tax Burden
Very High
Edison, NJ Tax Overview
Population
107,588
Median Income
$105,814
Cost of Living
125.3 (100 = avg)
State Income Tax
10.75%
Median Home Price
$440,000
Edison Tax Calculator
Pre-filled with Edison median: $105,814
Total Tax Burden in Edison
$34,363
Take-Home: $71,451 · Effective Rate: 32.47%
Federal Tax
$14,893
14.07% eff.
NJ State
$11,375
10.75% eff.
FICA
$8,095
7.65% eff.
Take-Home
$71,451
67.53% kept
Tax Breakdown
| Item | Annual | Monthly |
|---|---|---|
| Gross Income | $105,814.00 | $8,817.83 |
| Federal Income Tax | -$14,893.08 | -$1,241.09 |
| New Jersey State Tax | -$11,375.01 | -$947.92 |
| Social Security (6.2%) | -$6,560.47 | -$546.71 |
| Medicare (1.45%) | -$1,534.30 | -$127.86 |
| Take-Home Pay | $71,451.14 | $5,954.26 |
Property Tax in Edison
Median Home
$440,000
Annual Tax
$9,812
Monthly Tax
$818
Effective Rate
2.23%
Sales Tax in Edison
Combined Rate
6.63%
State Portion
~4.1%
Local Portion
~2.5%
The combined sales tax rate in Edison is 6.63%, which is below the national average of 7.12%. On a $100 purchase, you would pay $6.63 in sales tax.
Tax Burden Comparison
| Tax Type | Edison | New Jersey Avg | National Avg |
|---|---|---|---|
| Income Tax | 10.75% | 10.75% | 4.6% |
| Property Tax | 2.23% | ~2.23% | 1.1% |
| Sales Tax | 6.63% | ~6.63% | 7.12% |
| Overall Burden | Very High | — | Moderate |
Tax Saving Tips for Edison Residents
- New Jersey's income tax rate of 10.75% 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 Edison (2.23%) is above the national average. Check if you qualify for homestead exemptions or assessment appeals to reduce your property tax bill.
- 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 Edison, NJ?
Edison, New Jersey has a state income tax rate up to 10.75%. The property tax rate is 2.23% and the combined sales tax rate is 6.63%.
How much is property tax in Edison?
The effective property tax rate in Edison is 2.23%. On the median home price of $440,000, this equals approximately $9,812 per year or $818 per month. This is above the national average of 1.1%.
What is the sales tax rate in Edison?
The combined sales tax rate in Edison is 6.63%, which includes both state and local components. This is below the national average combined rate of approximately 7.12%.
How does Edison's tax burden compare to other cities?
Edison has a very high overall tax burden. The effective total tax rate for a median-income household is approximately 38%. The combination of 10.75% state income tax, 2.23% property tax, and 6.63% sales tax determines the total burden. Cost of living index is 125.3 (100 = national average).
Are there any local taxes in Edison?
Edison does not impose a separate local or city income tax. Residents pay the state income tax of 10.75%, federal income tax, and FICA (Social Security and Medicare).