Does New Jersey or Tennessee have lower taxes? We answer that in a variety of ways below:
New Jersey vs Tennessee Income Tax Comparison
New Jersey | Tennessee | |
Income Tax Rates & Thresholds | None | |
Median Income | $92,340 | $65,380 |
Income Tax Paid On Median Household Income | $16,776 | $7,151 |
Income After Tax Based on Median Household Income | $75,564 | $58,229 |
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New Jersey vs Tennessee Property Tax Comparison
New Jersey | Tennessee | |
Average Property Tax Rate | 1.79% | 0.42% |
Average House Price By State | $500,717 | $310,782 |
Average Property Tax Owed Per Year | $8,963 | $1,305 |
Income After Income Taxes & Property Taxes Based On Median State Household Income | $66,601 | $56,924 |
New Jersey vs Tennessee Sales Tax Comparison
New Jersey | Tennessee | |
Average State Sales Tax | 6.63% | 7.00% |
Average Local Sales Tax Across the State | -0.03% | 2.55% |
Average Combined Sales Tax Rate | 6.60% | 9.55% |
Maximum Amount of Sales Tax Paid Based on Median Household Income | $4,124 | $4,962 |
Maximum Disposable Income Based on Median Household Income | $62,478 | $51,961 |
After Tax Comparison Earning $40,000 Per Year Filing As Single
New Jersey | Tennessee | |
Income Tax Owed | $3,723 | $3,040 |
After Tax Income | $36,277 | $36,960 |
Income After Income & Property Tax | $27,314 | $35,655 |
Maximum Disposable Income After Income, Property & Sales Taxes | $25,623 | $32,547 |
After Tax Comparison Earning $60,000 Per Year Filing As Single
New Jersey | Tennessee | |
Income Tax Owed | $7,736 | $5,968 |
After Tax Income | $52,264 | $54,032 |
Income After Income & Property Tax | $43,301 | $52,727 |
Maximum Disposable Income After Income, Property & Sales Taxes | $40,620 | $48,130 |
After Tax Comparison Earning $80,000 Per Year Filing As Single
New Jersey | Tennessee | |
Income Tax Owed | $13,276 | $10,368 |
After Tax Income | $66,724 | $69,632 |
Income After Income & Property Tax | $57,761 | $68,327 |
Maximum Disposable Income After Income, Property & Sales Taxes | $54,185 | $62,370 |
After Tax Comparison Earning $100,000 Per Year Filing As Single
New Jersey | Tennessee | |
Income Tax Owed | $18,950 | $14,768 |
After Tax Income | $81,050 | $85,232 |
Income After Income & Property Tax | $72,087 | $83,927 |
Maximum Disposable Income After Income, Property & Sales Taxes | $67,624 | $76,610 |
After Tax Comparison Earning $100,000 Per Year Filing As Married Filing Jointly
New Jersey | Tennessee | |
Income Tax Owed | $11,121 | $8,481 |
After Tax Income | $88,879 | $91,519 |
Income After Income & Property Tax | $79,916 | $90,214 |
Maximum Disposable Income After Income, Property & Sales Taxes | $74,968 | $82,349 |
After Tax Comparison Earning $150,000 Per Year Filing As Married Filing Jointly
New Jersey | Tennessee | |
Income Tax Owed | $23,941 | $18,536 |
After Tax Income | $126,059 | $131,464 |
Income After Income & Property Tax | $117,096 | $130,159 |
Maximum Disposable Income After Income, Property & Sales Taxes | $109,846 | $118,812 |
After Tax Comparison Earning $200,000 Per Year Filing As Married Filing Jointly
New Jersey | Tennessee | |
Income Tax Owed | $38,109 | $29,536 |
After Tax Income | $161,891 | $170,464 |
Income After Income & Property Tax | $152,928 | $169,159 |
Maximum Disposable Income After Income, Property & Sales Taxes | $143,460 | $154,412 |
After Tax Comparison Earning $250,000 Per Year Filing As Married Filing Jointly
New Jersey | Tennessee | |
Income Tax Owed | $53,213 | $41,455 |
After Tax Income | $196,787 | $208,545 |
Income After Income & Property Tax | $187,824 | $207,240 |
Maximum Disposable Income After Income, Property & Sales Taxes | $176,195 | $189,174 |
FAQ
Does New Jersey or Tennessee have lower income taxes?
New Jersey’s income tax falls into the following range:
Whereas Tennessee’s income tax is the following None
Does New Jersey or Tennessee have lower property taxes?
New Jersey has an average property tax rate of 1.79%
In comparison, Tennessee has an average property tax rate of 0.42%
Does New Jersey or Tennessee 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, Tennessee has a state sales tax rate of 7.00% and an average local rate of 2.55% for a combined total rate of 9.55%.
Do you get to keep more money in New Jersey or Tennessee?
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, Tennessee gives you $51,961.
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