Does New Jersey or Indiana have lower taxes? We answer that in a variety of ways below:
New Jersey vs Indiana Income Tax Comparison
New Jersey | Indiana | |
Income Tax Rates & Thresholds | 3.23% | |
Median Income | $92,340 | $70,030 |
Income Tax Paid On Median Household Income | $16,776 | $10,404 |
Income After Tax Based on Median Household Income | $75,564 | $59,626 |
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New Jersey vs Indiana Property Tax Comparison
New Jersey | Indiana | |
Average Property Tax Rate | 1.79% | 0.74% |
Average House Price By State | $500,717 | $232,390 |
Average Property Tax Owed Per Year | $8,963 | $1,720 |
Income After Income Taxes & Property Taxes Based On Median State Household Income | $66,601 | $57,906 |
New Jersey vs Indiana Sales Tax Comparison
New Jersey | Indiana | |
Average State Sales Tax | 6.63% | 7.00% |
Average Local Sales Tax Across the State | -0.03% | 0.00% |
Average Combined Sales Tax Rate | 6.60% | 7.00% |
Maximum Amount of Sales Tax Paid Based on Median Household Income | $4,124 | $3,788 |
Maximum Disposable Income Based on Median Household Income | $62,478 | $54,118 |
After Tax Comparison Earning $40,000 Per Year Filing As Single
New Jersey | Indiana | |
Income Tax Owed | $3,723 | $4,300 |
After Tax Income | $36,277 | $35,700 |
Income After Income & Property Tax | $27,314 | $33,980 |
Maximum Disposable Income After Income, Property & Sales Taxes | $25,623 | $31,757 |
After Tax Comparison Earning $60,000 Per Year Filing As Single
New Jersey | Indiana | |
Income Tax Owed | $7,736 | $7,873 |
After Tax Income | $52,264 | $52,127 |
Income After Income & Property Tax | $43,301 | $50,407 |
Maximum Disposable Income After Income, Property & Sales Taxes | $40,620 | $47,110 |
After Tax Comparison Earning $80,000 Per Year Filing As Single
New Jersey | Indiana | |
Income Tax Owed | $13,276 | $12,919 |
After Tax Income | $66,724 | $67,081 |
Income After Income & Property Tax | $57,761 | $65,361 |
Maximum Disposable Income After Income, Property & Sales Taxes | $54,185 | $61,085 |
After Tax Comparison Earning $100,000 Per Year Filing As Single
New Jersey | Indiana | |
Income Tax Owed | $18,950 | $17,965 |
After Tax Income | $81,050 | $82,035 |
Income After Income & Property Tax | $72,087 | $80,315 |
Maximum Disposable Income After Income, Property & Sales Taxes | $67,624 | $75,061 |
After Tax Comparison Earning $100,000 Per Year Filing As Married Filing Jointly
New Jersey | Indiana | |
Income Tax Owed | $11,121 | $11,646 |
After Tax Income | $88,879 | $88,354 |
Income After Income & Property Tax | $79,916 | $86,634 |
Maximum Disposable Income After Income, Property & Sales Taxes | $74,968 | $80,967 |
After Tax Comparison Earning $150,000 Per Year Filing As Married Filing Jointly
New Jersey | Indiana | |
Income Tax Owed | $23,941 | $23,316 |
After Tax Income | $126,059 | $126,684 |
Income After Income & Property Tax | $117,096 | $124,964 |
Maximum Disposable Income After Income, Property & Sales Taxes | $109,846 | $116,789 |
After Tax Comparison Earning $200,000 Per Year Filing As Married Filing Jointly
New Jersey | Indiana | |
Income Tax Owed | $38,109 | $35,931 |
After Tax Income | $161,891 | $164,069 |
Income After Income & Property Tax | $152,928 | $162,349 |
Maximum Disposable Income After Income, Property & Sales Taxes | $143,460 | $151,728 |
After Tax Comparison Earning $250,000 Per Year Filing As Married Filing Jointly
New Jersey | Indiana | |
Income Tax Owed | $53,213 | $49,465 |
After Tax Income | $196,787 | $200,535 |
Income After Income & Property Tax | $187,824 | $198,815 |
Maximum Disposable Income After Income, Property & Sales Taxes | $176,195 | $185,809 |
FAQ
Does New Jersey or Indiana have lower income taxes?
New Jersey’s income tax falls into the following range:
Whereas Indiana’s income tax is the following 3.23%
Does New Jersey or Indiana have lower property taxes?
New Jersey has an average property tax rate of 1.79%
In comparison, Indiana has an average property tax rate of 0.74%
Does New Jersey or Indiana have lower sales taxes?
New Jersey has a state sales tax rate of 6.63% and an average local rate of -0.03% for a combined total rate of 6.60%.
In contrast, Indiana has a state sales tax rate of 7.00% and an average local rate of 0.00% for a combined total rate of 7.00%.
Do you get to keep more money in New Jersey or Indiana?
Based on median household income after income, property and sales taxes New Jersey gives you a maximum amount of disposable income of $62,478
In comparison, Indiana gives you $54,118.
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