Does New Jersey or Virginia have lower taxes? We answer that in a variety of ways below:
New Jersey vs Virginia Income Tax Comparison
New Jersey | Virginia | |
Income Tax Rates & Thresholds |
| |
Median Income | $92,340 | $85,170 |
Income Tax Paid On Median Household Income | $16,776 | $15,833 |
Income After Tax Based on Median Household Income | $75,564 | $69,337 |
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New Jersey vs Virginia Property Tax Comparison
New Jersey | Virginia | |
Average Property Tax Rate | 1.79% | 0.72% |
Average House Price By State | $500,717 | $376,931 |
Average Property Tax Owed Per Year | $8,963 | $2,714 |
Income After Income Taxes & Property Taxes Based On Median State Household Income | $66,601 | $66,623 |
New Jersey vs Virginia Sales Tax Comparison
New Jersey | Virginia | |
Average State Sales Tax | 6.63% | 5.30% |
Average Local Sales Tax Across the State | -0.03% | 0.45% |
Average Combined Sales Tax Rate | 6.60% | 5.75% |
Maximum Amount of Sales Tax Paid Based on Median Household Income | $4,124 | $3,623 |
Maximum Disposable Income Based on Median Household Income | $62,478 | $63,001 |
After Tax Comparison Earning $40,000 Per Year Filing As Single
New Jersey | Virginia | |
Income Tax Owed | $3,723 | $4,771 |
After Tax Income | $36,277 | $35,229 |
Income After Income & Property Tax | $27,314 | $32,515 |
Maximum Disposable Income After Income, Property & Sales Taxes | $25,623 | $30,747 |
After Tax Comparison Earning $60,000 Per Year Filing As Single
New Jersey | Virginia | |
Income Tax Owed | $7,736 | $8,848 |
After Tax Income | $52,264 | $51,152 |
Income After Income & Property Tax | $43,301 | $48,438 |
Maximum Disposable Income After Income, Property & Sales Taxes | $40,620 | $45,804 |
After Tax Comparison Earning $80,000 Per Year Filing As Single
New Jersey | Virginia | |
Income Tax Owed | $13,276 | $14,398 |
After Tax Income | $66,724 | $65,602 |
Income After Income & Property Tax | $57,761 | $62,888 |
Maximum Disposable Income After Income, Property & Sales Taxes | $54,185 | $59,469 |
After Tax Comparison Earning $100,000 Per Year Filing As Single
New Jersey | Virginia | |
Income Tax Owed | $18,950 | $19,948 |
After Tax Income | $81,050 | $80,052 |
Income After Income & Property Tax | $72,087 | $77,338 |
Maximum Disposable Income After Income, Property & Sales Taxes | $67,624 | $73,133 |
After Tax Comparison Earning $100,000 Per Year Filing As Married Filing Jointly
New Jersey | Virginia | |
Income Tax Owed | $11,121 | $13,349 |
After Tax Income | $88,879 | $86,651 |
Income After Income & Property Tax | $79,916 | $83,937 |
Maximum Disposable Income After Income, Property & Sales Taxes | $74,968 | $79,373 |
After Tax Comparison Earning $150,000 Per Year Filing As Married Filing Jointly
New Jersey | Virginia | |
Income Tax Owed | $23,941 | $26,279 |
After Tax Income | $126,059 | $123,721 |
Income After Income & Property Tax | $117,096 | $121,007 |
Maximum Disposable Income After Income, Property & Sales Taxes | $109,846 | $114,428 |
After Tax Comparison Earning $200,000 Per Year Filing As Married Filing Jointly
New Jersey | Virginia | |
Income Tax Owed | $38,109 | $40,154 |
After Tax Income | $161,891 | $159,846 |
Income After Income & Property Tax | $152,928 | $157,132 |
Maximum Disposable Income After Income, Property & Sales Taxes | $143,460 | $148,588 |
After Tax Comparison Earning $250,000 Per Year Filing As Married Filing Jointly
New Jersey | Virginia | |
Income Tax Owed | $53,213 | $54,948 |
After Tax Income | $196,787 | $195,052 |
Income After Income & Property Tax | $187,824 | $192,338 |
Maximum Disposable Income After Income, Property & Sales Taxes | $176,195 | $181,880 |
FAQ
Does New Jersey or Virginia have lower income taxes?
New Jersey’s income tax falls into the following range:
- 2.00%: $0-$3,000
- 3.00%: $3,001-$5,000
- 5.00%: $5,001-$17,000
- 5.75%: $17,001+
Whereas Virginia’s income tax is the following
Does New Jersey or Virginia have lower property taxes?
New Jersey has an average property tax rate of 1.79%
In comparison, Virginia has an average property tax rate of 0.72%
Does New Jersey or Virginia 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, Virginia has a state sales tax rate of 5.30% and an average local rate of 0.45% for a combined total rate of 5.75%.
Do you get to keep more money in New Jersey or Virginia?
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, Virginia gives you $63,001.
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