{"id":194,"date":"2012-06-29T21:31:26","date_gmt":"2012-06-29T21:31:26","guid":{"rendered":"http:\/\/www.websitefix.net\/clients\/Generic\/?page_id=194"},"modified":"2023-01-23T16:58:37","modified_gmt":"2023-01-23T16:58:37","slug":"state-tax-system","status":"publish","type":"page","link":"https:\/\/www.sunraydirect.com\/NorthernNJ3\/Raveis\/?page_id=194","title":{"rendered":"State Tax System"},"content":{"rendered":"

TAX & LICENSE \/ STATE TAX SYSTEM<\/b><\/strong>
\n
\n<\/b><\/strong>State Income Tax
\n<\/b><\/strong>New Jersey imposes a state income tax on a graduated scale that is similar to that used by the Internal Revenue Service. A reciprocity agreement exists between Pennsylvania and New Jersey. Exemptions and credits apply. For complete details on state income taxes, contact:<\/p>\n

New Jersey Division of Taxation
\n<\/b><\/strong>Trenton 609-292-6400
\nhttps:\/\/www.state.nj.us\/treasury\/taxation\/<\/a><\/p>\n

General Tax Information
\n<\/b><\/strong>Customer Service 609-292-6400
\nNJ TaxFax Forms 609-826-4500
\nNew Jersey Telefile 877-829-2866
\nHomestead Rebate Program 877-658-2972<\/p>\n

New Jersey Tax Talk
\n<\/b><\/strong>Automated Information
\n800-323-4400
\n609-826-4500
\n
\n<\/b><\/strong>Sales & Use Tax
\n<\/b><\/strong>New Jersey imposes a sales tax at the rate of 7 percent on most retail sales transactions with specified exemptions that include food for at-home preparation, most clothing and footwear, disposable paper products, prescription drugs, and many over-the-counter drugs. The use tax of 7 percent is imposed on items purchased outside of New Jersey but \u201cused\u201d in the state such as catalog or Internet orders. For more information on sales and use tax, contact:<\/p>\n

New Jersey Division of Taxation
\n<\/b><\/strong>Trenton 609-292-6400
\nhttps:\/\/www.state.nj.us\/treasury\/taxation\/<\/a><\/p>\n

Real Estate Transfer Tax
\n<\/b><\/strong>Paid by the seller of the property, the transfer of real property is taxed using a graduated scale based on the total sale price of the property. The list below is for reference only – please visit the state Department of Taxation\u2019s web site for greater detail.<\/p>\n

Fees For Total Consideration of less than $350,000:
\n<\/i><\/b><\/em><\/strong>$2.00\/$500 of consideration not in excess of $150,000;
\n$3.35\/$500 of consideration in excess of $150,000 but not in excess of $200,000;
\n$3.90\/$500 of consideration in excess of $200,000 but not in excess of $350,000.
\nFees For Total Consideration of more than $350,000:
\n<\/i><\/b><\/em><\/strong>$2.90\/$500 of consideration not in excess of $150,000;
\n$4.25\/$500 of consideration in excess of $150,000 but not in excess of $200,000;
\n$4.80\/$500 of consideration in excess of $200,000 but not in excess of $550,000;
\n$5.30\/$500 of consideration in excess of $550,000 but not in excess of $850,000;
\n$5.80\/$500 of consideration in excess of $850,000 but not in excess of $1,000,000;
\n$6.05\/$500 of consideration in excess of $1,000,000.
\n
\n<\/b><\/strong>Property Tax
\n<\/b><\/strong>Real property or \u201cad valorem\u201d tax is calculated by assessing the true value established by the county board of taxation. All New Jersey counties apply a general tax rate that can range between 0.70 and 15.0 percent to 100 percent of the assessed property value. County, municipal, and school budget costs determine the amount of property tax due. For more information, contact your municipal assessor or your county Board of Taxation.
\n
\nCounty Tax Boards<\/p>\n

Bergen County
\n<\/b><\/strong>Administration Building
\nOne Bergen County Plaza
\nHackensack 201-336-6300
\nhttps:\/\/www.co.bergen.nj.us\/bergen-county-board-of-taxation\/about-board-of-taxation<\/a>
\n
\nEssex County Register of Deeds & Mortgages<\/b><\/strong>
\n465 Martin Luther King Jr. Boulevard
\nNewark 973-621-4960
\nwww.essexregister.com<\/a><\/p>\n

Hudson County Tax Board
\n<\/b><\/strong>257 Cornelison Avenue
\nJersey City 201-395-6260
\nhttps:\/\/www.hcnj.us\/<\/a>
\n
\n<\/b><\/strong>Hunterdon County<\/b><\/strong>
\n71 Main Street – Building #3B
\nFlemington 908-788-1173
\nhttps:\/\/www.co.hunterdon.nj.us\/taxboard.htm<\/a>
\n
\nMercer County<\/b><\/strong>
\n640 South Broad Street
\nTrenton 609-989-6704
\nhttps:\/\/www.mercercounty.org\/government\/board-of-taxation<\/a>
\n
\nMiddlesex County<\/b><\/strong>
\n75 Bayard Street
\nNew Brunswick 732-745-3350
\nhttps:\/\/www.middlesexcountynj.gov\/<\/a>
\n
\nMorris County Tax Board<\/b><\/strong>
\n10 Court Street
\nMorristown 973-285-6707
\nhttps:\/\/www.morriscountynj.gov\/Departments\/Board-of-Taxation<\/a>
\n
\nPassaic County Tax Board<\/b><\/strong>
\n435 Hamburg Turnpike
\nWayne 973-720-7399
\nhttps:\/\/www.passaiccountynj.org\/<\/a>
\n
\n<\/b><\/strong>Somerset County<\/b><\/strong>
\n27 Warren Street
\nSomerville 908-541-5701
\nhttps:\/\/www.co.somerset.nj.us\/<\/a>
\n
\nSussex County Tax Board
\n<\/b><\/strong>83 Spring Street
\nNewton 973-579-0970
\nhttps:\/\/www.sussex.nj.us\/<\/a>
\n
\n<\/b><\/strong>Union County<\/b><\/strong>
\n271 North Broad Street
\nElizabeth 908-527-4775
\nhttps:\/\/ucnj.org\/taxation-board\/<\/a><\/p>\n

Warren County Tax Board
\n<\/b><\/strong>202 Mansfield Street
\nBelvidere 908-475-6070
\nhttps:\/\/www.warrencountynj.gov\/<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

TAX & LICENSE \/ STATE TAX SYSTEM State Income Tax New Jersey imposes a state income tax on a graduated scale that is similar to that used by the Internal Revenue Service. A reciprocity agreement exists between Pennsylvania and New Jersey. Exemptions and credits apply. For complete details on state income taxes, contact: New Jersey […]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"open","template":"","meta":{"footnotes":""},"_links":{"self":[{"href":"https:\/\/www.sunraydirect.com\/NorthernNJ3\/Raveis\/index.php?rest_route=\/wp\/v2\/pages\/194"}],"collection":[{"href":"https:\/\/www.sunraydirect.com\/NorthernNJ3\/Raveis\/index.php?rest_route=\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/www.sunraydirect.com\/NorthernNJ3\/Raveis\/index.php?rest_route=\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/www.sunraydirect.com\/NorthernNJ3\/Raveis\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.sunraydirect.com\/NorthernNJ3\/Raveis\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=194"}],"version-history":[{"count":7,"href":"https:\/\/www.sunraydirect.com\/NorthernNJ3\/Raveis\/index.php?rest_route=\/wp\/v2\/pages\/194\/revisions"}],"predecessor-version":[{"id":749,"href":"https:\/\/www.sunraydirect.com\/NorthernNJ3\/Raveis\/index.php?rest_route=\/wp\/v2\/pages\/194\/revisions\/749"}],"wp:attachment":[{"href":"https:\/\/www.sunraydirect.com\/NorthernNJ3\/Raveis\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=194"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}