New JerseySalary Calculator 2026 — Take-Home Pay After Federal & State Taxes

New Jersey has a seven-bracket progressive income tax with rates from 1.4% to 10.75%. The 10.75% top rate applies to income over $1 million. For most workers, the relevant brackets are 5.525% and 6.37% (income from $75,000 to $500,000). New Jersey also has a separate surtax on income over $1 million. Workers in Newark pay a 1% city tax on wages. New Jersey has some of the highest property taxes in the country — the average property tax bill exceeds $9,000/year. Despite high income taxes and property taxes, New Jersey's proximity to NYC and Philadelphia, strong school systems, and relatively high wages attract many residents. The state provides a property tax deduction/credit for homeowners and renters. Social Security income is exempt for lower incomes, and pension income has increasing exemption amounts. New Jersey's overall tax burden is consistently ranked among the highest nationally.