New Jersey vs Wisconsin Taxes: Income, Property & Sales

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

New Jersey vs Wisconsin Income Tax Comparison

	New Jersey	Wisconsin
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+	3.54%: $0-$12,760 4.65%: $12,761-$25,520 5.30%: $25,521-$280,950 7.65%: $280,951+
Median Income	$92,340	$73,330
Income Tax Paid On Median Household Income	$16,776	$11,817
Income After Tax Based on Median Household Income	$75,564	$61,513

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New Jersey vs Wisconsin Property Tax Comparison

	New Jersey	Wisconsin
Average Property Tax Rate	1.79%	1.15%
Average House Price By State	$500,717	$288,596
Average Property Tax Owed Per Year	$8,963	$3,319
Income After Income Taxes & Property Taxes Based On Median State Household Income	$66,601	$58,194

New Jersey vs Wisconsin Sales Tax Comparison

	New Jersey	Wisconsin
Average State Sales Tax	6.63%	5.00%
Average Local Sales Tax Across the State	-0.03%	0.43%
Average Combined Sales Tax Rate	6.60%	5.43%
Maximum Amount of Sales Tax Paid Based on Median Household Income	$4,124	$2,997
Maximum Disposable Income Based on Median Household Income	$62,478	$55,197

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

	New Jersey	Wisconsin
Income Tax Owed	$3,723	$4,191
After Tax Income	$36,277	$35,809
Income After Income & Property Tax	$27,314	$32,490
Maximum Disposable Income After Income, Property & Sales Taxes	$25,623	$30,817

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

	New Jersey	Wisconsin
Income Tax Owed	$7,736	$8,178
After Tax Income	$52,264	$51,822
Income After Income & Property Tax	$43,301	$48,503
Maximum Disposable Income After Income, Property & Sales Taxes	$40,620	$46,005

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

	New Jersey	Wisconsin
Income Tax Owed	$13,276	$13,638
After Tax Income	$66,724	$66,362
Income After Income & Property Tax	$57,761	$63,043
Maximum Disposable Income After Income, Property & Sales Taxes	$54,185	$59,796

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

	New Jersey	Wisconsin
Income Tax Owed	$18,950	$19,098
After Tax Income	$81,050	$80,902
Income After Income & Property Tax	$72,087	$77,583
Maximum Disposable Income After Income, Property & Sales Taxes	$67,624	$73,587

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

	New Jersey	Wisconsin
Income Tax Owed	$11,121	$12,140
After Tax Income	$88,879	$87,860
Income After Income & Property Tax	$79,916	$84,541
Maximum Disposable Income After Income, Property & Sales Taxes	$74,968	$80,187

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

	New Jersey	Wisconsin
Income Tax Owed	$23,941	$24,845
After Tax Income	$126,059	$125,155
Income After Income & Property Tax	$117,096	$121,836
Maximum Disposable Income After Income, Property & Sales Taxes	$109,846	$115,561

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

	New Jersey	Wisconsin
Income Tax Owed	$38,109	$38,495
After Tax Income	$161,891	$161,505
Income After Income & Property Tax	$152,928	$158,186
Maximum Disposable Income After Income, Property & Sales Taxes	$143,460	$150,039

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

	New Jersey	Wisconsin
Income Tax Owed	$53,213	$53,064
After Tax Income	$196,787	$196,936
Income After Income & Property Tax	$187,824	$193,617
Maximum Disposable Income After Income, Property & Sales Taxes	$176,195	$183,645

FAQ

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

• 3.54%: $0-$12,760
• 4.65%: $12,761-$25,520
• 5.30%: $25,521-$280,950
• 7.65%: $280,951+

Does New Jersey or Wisconsin have lower property taxes?

New Jersey has an average property tax rate of 1.79%

In comparison, Wisconsin has an average property tax rate of 1.15%

Does New Jersey or Wisconsin 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, Wisconsin has a state sales tax rate of 5.00% and an average local rate of 0.43% for a combined total rate of 5.43%.

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

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, Wisconsin gives you $55,197.

More Comparisons:

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


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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/