Taxes in Toms River, New Jersey
Complete tax guide for Toms River, NJ. State income tax up to 10.75%, 2.18% property tax, 6.63% sales tax. Calculate your total tax burden.
State Income Tax
10.75%
New Jersey
Property Tax
2.18%
Effective rate
Sales Tax
6.63%
Combined rate
Tax Burden
Very High
Toms River, NJ Tax Overview
Population
95,438
Median Income
$72,413
Cost of Living
108.7 (100 = avg)
State Income Tax
10.75%
Median Home Price
$325,000
Toms River Tax Calculator
Pre-filled with Toms River median: $72,413
Total Tax Burden in Toms River
$20,869
Take-Home: $51,544 · Effective Rate: 28.82%
Federal Tax
$7,545
10.42% eff.
NJ State
$7,784
10.75% eff.
FICA
$5,540
7.65% eff.
Take-Home
$51,544
71.18% kept
Tax Breakdown
| Item | Annual | Monthly |
|---|---|---|
| Gross Income | $72,413.00 | $6,034.42 |
| Federal Income Tax | -$7,544.86 | -$628.74 |
| New Jersey State Tax | -$7,784.40 | -$648.70 |
| Social Security (6.2%) | -$4,489.61 | -$374.13 |
| Medicare (1.45%) | -$1,049.99 | -$87.50 |
| Take-Home Pay | $51,544.15 | $4,295.35 |
Property Tax in Toms River
Median Home
$325,000
Annual Tax
$7,085
Monthly Tax
$590
Effective Rate
2.18%
Sales Tax in Toms River
Combined Rate
6.63%
State Portion
~4.1%
Local Portion
~2.5%
The combined sales tax rate in Toms River 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 | Toms River | New Jersey Avg | National Avg |
|---|---|---|---|
| Income Tax | 10.75% | 10.75% | 4.6% |
| Property Tax | 2.18% | ~2.18% | 1.1% |
| Sales Tax | 6.63% | ~6.63% | 7.12% |
| Overall Burden | Very High | — | Moderate |
Tax Saving Tips for Toms River 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 Toms River (2.18%) 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 Toms River, NJ?
Toms River, New Jersey has a state income tax rate up to 10.75%. The property tax rate is 2.18% and the combined sales tax rate is 6.63%.
How much is property tax in Toms River?
The effective property tax rate in Toms River is 2.18%. On the median home price of $325,000, this equals approximately $7,085 per year or $590 per month. This is above the national average of 1.1%.
What is the sales tax rate in Toms River?
The combined sales tax rate in Toms River is 6.63%, which includes both state and local components. This is below the national average combined rate of approximately 7.12%.
How does Toms River's tax burden compare to other cities?
Toms River 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, 2.18% property tax, and 6.63% sales tax determines the total burden. Cost of living index is 108.7 (100 = national average).
Are there any local taxes in Toms River?
Toms River 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).