New Jersey vs Maryland Taxes: Income, Property & Sales

Does New Jersey or Maryland have lower taxes? We answer that in a variety of ways below:

New Jersey vs Maryland Income Tax Comparison

	New Jersey	Maryland
Income Tax Rates & Thresholds	1.40%: $0-$20,000 1.75%: $20,001-$35,000 3.50%: $35,001-$40,000 5.53%: $40,001-$75,000 6.37%: $75,001-$500,000 8.97%: $500,001-$1,000,000 10.75%: $1,000,001+	2.00%: $0-$1,000 3.00%: $1,001-$2,000 4.00%: $2,001-$3,000 4.75%: $3,001-$100,000 5.00%: $100,001-$125,000 5.25%: $125,001-$150,000 5.50%: $150,001-$250,000 5.75%: $250,001+
Median Income	$92,340	$108,200
Income Tax Paid On Median Household Income	$16,776	$21,525
Income After Tax Based on Median Household Income	$75,564	$86,675

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New Jersey vs Maryland Property Tax Comparison

	New Jersey	Maryland
Average Property Tax Rate	1.79%	0.76%
Average House Price By State	$500,717	$416,643
Average Property Tax Owed Per Year	$8,963	$3,166
Income After Income Taxes & Property Taxes Based On Median State Household Income	$66,601	$83,509

New Jersey vs Maryland Sales Tax Comparison

	New Jersey	Maryland
Average State Sales Tax	6.63%	6.00%
Average Local Sales Tax Across the State	-0.03%	0.00%
Average Combined Sales Tax Rate	6.60%	6.00%
Maximum Amount of Sales Tax Paid Based on Median Household Income	$4,124	$4,727
Maximum Disposable Income Based on Median Household Income	$62,478	$78,782

After Tax Comparison Earning $40,000 Per Year Filing As Single

	New Jersey	Maryland
Income Tax Owed	$3,723	$4,624
After Tax Income	$36,277	$35,376
Income After Income & Property Tax	$27,314	$32,210
Maximum Disposable Income After Income, Property & Sales Taxes	$25,623	$30,386

After Tax Comparison Earning $60,000 Per Year Filing As Single

	New Jersey	Maryland
Income Tax Owed	$7,736	$8,502
After Tax Income	$52,264	$51,498
Income After Income & Property Tax	$43,301	$48,332
Maximum Disposable Income After Income, Property & Sales Taxes	$40,620	$45,596

After Tax Comparison Earning $80,000 Per Year Filing As Single

	New Jersey	Maryland
Income Tax Owed	$13,276	$13,852
After Tax Income	$66,724	$66,148
Income After Income & Property Tax	$57,761	$62,982
Maximum Disposable Income After Income, Property & Sales Taxes	$54,185	$59,417

After Tax Comparison Earning $100,000 Per Year Filing As Single

	New Jersey	Maryland
Income Tax Owed	$18,950	$19,202
After Tax Income	$81,050	$80,798
Income After Income & Property Tax	$72,087	$77,632
Maximum Disposable Income After Income, Property & Sales Taxes	$67,624	$73,237

After Tax Comparison Earning $100,000 Per Year Filing As Married Filing Jointly

	New Jersey	Maryland
Income Tax Owed	$11,121	$12,651
After Tax Income	$88,879	$87,349
Income After Income & Property Tax	$79,916	$84,183
Maximum Disposable Income After Income, Property & Sales Taxes	$74,968	$79,417

After Tax Comparison Earning $150,000 Per Year Filing As Married Filing Jointly

	New Jersey	Maryland
Income Tax Owed	$23,941	$25,081
After Tax Income	$126,059	$124,919
Income After Income & Property Tax	$117,096	$121,753
Maximum Disposable Income After Income, Property & Sales Taxes	$109,846	$114,861

After Tax Comparison Earning $200,000 Per Year Filing As Married Filing Jointly

	New Jersey	Maryland
Income Tax Owed	$38,109	$38,588
After Tax Income	$161,891	$161,412
Income After Income & Property Tax	$152,928	$158,246
Maximum Disposable Income After Income, Property & Sales Taxes	$143,460	$149,288

After Tax Comparison Earning $250,000 Per Year Filing As Married Filing Jointly

	New Jersey	Maryland
Income Tax Owed	$53,213	$53,167
After Tax Income	$196,787	$196,833
Income After Income & Property Tax	$187,824	$193,667
Maximum Disposable Income After Income, Property & Sales Taxes	$176,195	$182,704

FAQ

Does New Jersey or Maryland have lower income taxes?

New Jersey’s income tax falls into the following range:

1.40%: $0-$20,000

1.75%: $20,001-$35,000

3.50%: $35,001-$40,000

5.53%: $40,001-$75,000

6.37%: $75,001-$500,000

8.97%: $500,001-$1,000,000

10.75%: $1,000,001+

Whereas Maryland’s income tax is the following

• 2.00%: $0-$1,000
• 3.00%: $1,001-$2,000
• 4.00%: $2,001-$3,000
• 4.75%: $3,001-$100,000
• 5.00%: $100,001-$125,000
• 5.25%: $125,001-$150,000
• 5.50%: $150,001-$250,000
• 5.75%: $250,001+

Does New Jersey or Maryland have lower property taxes?

New Jersey has an average property tax rate of 1.79%

In comparison, Maryland has an average property tax rate of 0.76%

Does New Jersey or Maryland 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, Maryland has a state sales tax rate of 6.00% and an average local rate of 0.00% for a combined total rate of 6.00%.

Do you get to keep more money in New Jersey or Maryland?

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, Maryland gives you $78,782.

More Comparisons:

New Jersey vs Wisconsin
New Jersey vs Colorado
New Jersey vs Minnesota
New Jersey vs South Carolina
New Jersey vs Alabama


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Sources:

https://en.wikipedia.org/wiki/State_income_tax#Rates_by_jurisdiction

https://www.bankrate.com/real-estate/property-tax-by-state/#by-state

https://fred.stlouisfed.org/release/tables?eid=259515&rid=249

https://www.fool.com/the-ascent/research/average-house-price-state/

https://taxfoundation.org/data/all/state/2022-sales-taxes/

https://www.forbes.com/advisor/income-tax-calculator/