New Jersey vs Vermont Taxes: Income, Property & Sales

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

New Jersey vs Vermont Income Tax Comparison

	New Jersey	Vermont
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+	3.35%: $0-$42,150 6.60%: $42,151-$102,200 7.60%: $102,201-$213,150 8.75%: $213,151+
Median Income	$92,340	$72,190
Income Tax Paid On Median Household Income	$16,776	$11,377
Income After Tax Based on Median Household Income	$75,564	$60,813

Top Accounting Software:

New Jersey vs Vermont Property Tax Comparison

	New Jersey	Vermont
Average Property Tax Rate	1.79%	1.43%
Average House Price By State	$500,717	$383,882
Average Property Tax Owed Per Year	$8,963	$5,490
Income After Income Taxes & Property Taxes Based On Median State Household Income	$66,601	$55,323

New Jersey vs Vermont Sales Tax Comparison

	New Jersey	Vermont
Average State Sales Tax	6.63%	6.00%
Average Local Sales Tax Across the State	-0.03%	0.24%
Average Combined Sales Tax Rate	6.60%	6.24%
Maximum Amount of Sales Tax Paid Based on Median Household Income	$4,124	$3,249
Maximum Disposable Income Based on Median Household Income	$62,478	$52,074

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

	New Jersey	Vermont
Income Tax Owed	$3,723	$4,022
After Tax Income	$36,277	$35,978
Income After Income & Property Tax	$27,314	$30,488
Maximum Disposable Income After Income, Property & Sales Taxes	$25,623	$28,698

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

	New Jersey	Vermont
Income Tax Owed	$7,736	$7,891
After Tax Income	$52,264	$52,109
Income After Income & Property Tax	$43,301	$46,619
Maximum Disposable Income After Income, Property & Sales Taxes	$40,620	$43,881

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

	New Jersey	Vermont
Income Tax Owed	$13,276	$13,611
After Tax Income	$66,724	$66,389
Income After Income & Property Tax	$57,761	$60,899
Maximum Disposable Income After Income, Property & Sales Taxes	$54,185	$57,323

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

	New Jersey	Vermont
Income Tax Owed	$18,950	$19,331
After Tax Income	$81,050	$80,669
Income After Income & Property Tax	$72,087	$75,179
Maximum Disposable Income After Income, Property & Sales Taxes	$67,624	$70,764

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

	New Jersey	Vermont
Income Tax Owed	$11,121	$11,445
After Tax Income	$88,879	$88,555
Income After Income & Property Tax	$79,916	$83,065
Maximum Disposable Income After Income, Property & Sales Taxes	$74,968	$78,187

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

	New Jersey	Vermont
Income Tax Owed	$23,941	$24,800
After Tax Income	$126,059	$125,200
Income After Income & Property Tax	$117,096	$119,710
Maximum Disposable Income After Income, Property & Sales Taxes	$109,846	$112,679

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

	New Jersey	Vermont
Income Tax Owed	$38,109	$39,233
After Tax Income	$161,891	$160,767
Income After Income & Property Tax	$152,928	$155,277
Maximum Disposable Income After Income, Property & Sales Taxes	$143,460	$146,157

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

	New Jersey	Vermont
Income Tax Owed	$53,213	$54,952
After Tax Income	$196,787	$195,048
Income After Income & Property Tax	$187,824	$189,558
Maximum Disposable Income After Income, Property & Sales Taxes	$176,195	$178,425

FAQ

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

• 3.35%: $0-$42,150
• 6.60%: $42,151-$102,200
• 7.60%: $102,201-$213,150
• 8.75%: $213,151+

Does New Jersey or Vermont have lower property taxes?

New Jersey has an average property tax rate of 1.79%

In comparison, Vermont has an average property tax rate of 1.43%

Does New Jersey or Vermont 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, Vermont has a state sales tax rate of 6.00% and an average local rate of 0.24% for a combined total rate of 6.24%.

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

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, Vermont gives you $52,074.

More Comparisons:

New Jersey vs Wyoming
Virginia vs Washington
Virginia vs Arizona
Virginia vs Tennessee
Virginia vs Massachusetts


Click Here To Help Lower Your Taxes

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/