New Jersey vs Montana Taxes: Income, Property & Sales

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

New Jersey vs Montana Income Tax Comparison

	New Jersey	Montana
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+	1.00%: $0-$3,300 2.00%: $3,301-$5,800 3.00%: $5,801-$8,900 4.00%: $8,901-$12,000 5.00%: $12,001-$15,400 6.00%: $15,401-$19,800 6.75%: $19,801+
Median Income	$92,340	$72,980
Income Tax Paid On Median Household Income	$16,776	$12,678
Income After Tax Based on Median Household Income	$75,564	$60,302

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New Jersey vs Montana Property Tax Comparison

	New Jersey	Montana
Average Property Tax Rate	1.79%	0.65%
Average House Price By State	$500,717	$447,845
Average Property Tax Owed Per Year	$8,963	$2,911
Income After Income Taxes & Property Taxes Based On Median State Household Income	$66,601	$57,391

New Jersey vs Montana Sales Tax Comparison

	New Jersey	Montana
Average State Sales Tax	6.63%	0.00%
Average Local Sales Tax Across the State	-0.03%	0.00%
Average Combined Sales Tax Rate	6.60%	0.00%
Maximum Amount of Sales Tax Paid Based on Median Household Income	$4,124	$0
Maximum Disposable Income Based on Median Household Income	$62,478	$57,391

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

	New Jersey	Montana
Income Tax Owed	$3,723	$4,669
After Tax Income	$36,277	$35,331
Income After Income & Property Tax	$27,314	$32,420
Maximum Disposable Income After Income, Property & Sales Taxes	$25,623	$32,420

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

	New Jersey	Montana
Income Tax Owed	$7,736	$8,947
After Tax Income	$52,264	$51,053
Income After Income & Property Tax	$43,301	$48,142
Maximum Disposable Income After Income, Property & Sales Taxes	$40,620	$48,142

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

	New Jersey	Montana
Income Tax Owed	$13,276	$14,697
After Tax Income	$66,724	$65,303
Income After Income & Property Tax	$57,761	$62,392
Maximum Disposable Income After Income, Property & Sales Taxes	$54,185	$62,392

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

	New Jersey	Montana
Income Tax Owed	$18,950	$20,447
After Tax Income	$81,050	$79,553
Income After Income & Property Tax	$72,087	$76,642
Maximum Disposable Income After Income, Property & Sales Taxes	$67,624	$76,642

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

	New Jersey	Montana
Income Tax Owed	$11,121	$13,660
After Tax Income	$88,879	$86,340
Income After Income & Property Tax	$79,916	$83,429
Maximum Disposable Income After Income, Property & Sales Taxes	$74,968	$83,429

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

	New Jersey	Montana
Income Tax Owed	$23,941	$27,089
After Tax Income	$126,059	$122,911
Income After Income & Property Tax	$117,096	$120,000
Maximum Disposable Income After Income, Property & Sales Taxes	$109,846	$120,000

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

	New Jersey	Montana
Income Tax Owed	$38,109	$41,464
After Tax Income	$161,891	$158,536
Income After Income & Property Tax	$152,928	$155,625
Maximum Disposable Income After Income, Property & Sales Taxes	$143,460	$155,625

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

	New Jersey	Montana
Income Tax Owed	$53,213	$56,758
After Tax Income	$196,787	$193,242
Income After Income & Property Tax	$187,824	$190,331
Maximum Disposable Income After Income, Property & Sales Taxes	$176,195	$190,331

FAQ

Does New Jersey or Montana 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 Montana’s income tax is the following

• 1.00%: $0-$3,300
• 2.00%: $3,301-$5,800
• 3.00%: $5,801-$8,900
• 4.00%: $8,901-$12,000
• 5.00%: $12,001-$15,400
• 6.00%: $15,401-$19,800
• 6.75%: $19,801+

Does New Jersey or Montana have lower property taxes?

New Jersey has an average property tax rate of 1.79%

In comparison, Montana has an average property tax rate of 0.65%

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

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

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, Montana gives you $57,391.

More Comparisons:

New Jersey vs Rhode Island
New Jersey vs Delaware
New Jersey vs South Dakota
New Jersey vs North Dakota
New Jersey vs Alaska


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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/