Taxes in Elizabeth, New Jersey
Complete tax guide for Elizabeth, NJ. State income tax up to 10.75%, 2.87% property tax, 6.63% sales tax. Calculate your total tax burden.
State Income Tax
10.75%
New Jersey
Property Tax
2.87%
Effective rate
Sales Tax
6.63%
Combined rate
Tax Burden
Very High
Elizabeth, NJ Tax Overview
Population
137,298
Median Income
$46,212
Cost of Living
115.7 (100 = avg)
State Income Tax
10.75%
Median Home Price
$380,000
Elizabeth Tax Calculator
Pre-filled with Elizabeth median: $46,212
Total Tax Burden in Elizabeth
$12,010
Take-Home: $34,202 · Effective Rate: 25.99%
Federal Tax
$3,507
7.59% eff.
NJ State
$4,968
10.75% eff.
FICA
$3,535
7.65% eff.
Take-Home
$34,202
74.01% kept
Tax Breakdown
| Item | Annual | Monthly |
|---|---|---|
| Gross Income | $46,212.00 | $3,851.00 |
| Federal Income Tax | -$3,506.94 | -$292.25 |
| New Jersey State Tax | -$4,967.79 | -$413.98 |
| Social Security (6.2%) | -$2,865.14 | -$238.76 |
| Medicare (1.45%) | -$670.07 | -$55.84 |
| Take-Home Pay | $34,202.05 | $2,850.17 |
Property Tax in Elizabeth
Median Home
$380,000
Annual Tax
$10,906
Monthly Tax
$909
Effective Rate
2.87%
Sales Tax in Elizabeth
Combined Rate
6.63%
State Portion
~4.1%
Local Portion
~2.5%
The combined sales tax rate in Elizabeth 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 | Elizabeth | New Jersey Avg | National Avg |
|---|---|---|---|
| Income Tax | 10.75% | 10.75% | 4.6% |
| Property Tax | 2.87% | ~2.87% | 1.1% |
| Sales Tax | 6.63% | ~6.63% | 7.12% |
| Overall Burden | Very High | — | Moderate |
Tax Saving Tips for Elizabeth 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 Elizabeth (2.87%) 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 Elizabeth, NJ?
Elizabeth, New Jersey has a state income tax rate up to 10.75%. The property tax rate is 2.87% and the combined sales tax rate is 6.63%.
How much is property tax in Elizabeth?
The effective property tax rate in Elizabeth is 2.87%. On the median home price of $380,000, this equals approximately $10,906 per year or $909 per month. This is above the national average of 1.1%.
What is the sales tax rate in Elizabeth?
The combined sales tax rate in Elizabeth is 6.63%, which includes both state and local components. This is below the national average combined rate of approximately 7.12%.
How does Elizabeth's tax burden compare to other cities?
Elizabeth 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, 2.87% property tax, and 6.63% sales tax determines the total burden. Cost of living index is 115.7 (100 = national average).
Are there any local taxes in Elizabeth?
Elizabeth 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).