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12.3%

April 15, 2014

Today’s the day that many New Jerseyans sign the documents and slip their tax returns into the mailbox -- or electronically file them – with a sigh. And there is good reason for that. New Jersey ranked second on the Tax Foundation’s list of state’s with the highest state and local tax burden, at 12.3 percent of income.

With an average family income of $54,422, New Jerseyans paid $4,659 in local and state taxes. However, they also paid $2,017 in taxes to other states and localities -- presumably New York and Pennsylvania -- to bring the average local tax burden to $6,675. These monies are what seems to really push the state tax burden as a percentage of income over the edge.

Connecticut, for instance, was ranked first in this survey. It paid a slightly higher local tax burden of $4,885, but also paid $2,264 in outside-Connecticut taxes, again presumably to New York and New York City. Connecticut came in first in this ranking, which is based on 2011 data, because its average income was also higher than New Jersey’s that year at $60,287.

New York, on the other hand, had a much higher average local tax bill at $5,258, but only ranked fifth in the country, presumably because the amount paid to other states -- $1,364 – was lower.

The average rate of local taxes for the country was 9.8 percent of income that year.

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