Total Tax Burden in Elizabeth, NJ
Living in Elizabeth with the median household income of $42,735, your estimated total tax burden — including federal income tax, FICA, property tax, and sales tax — is approximately $20,084, an effective rate of 47.0%.
Federal Income Tax (est.)
$4,274
10.0% of income
FICA (SS + Medicare)
$3,269
7.6% of income
Property Tax
$11,550
2.75% effective rate
Sales Tax (est.)
$991
6.63% rate
Total Estimated Tax Burden
$20,084
Effective Rate
47.0%
Based on median income of $42,735, median home price of $420,000, and estimated taxable spending of $14,957. Actual taxes vary by individual circumstances. Use our calculators for a personalized estimate.
Tax Details for Elizabeth
Elizabeth residents face a combined local sales tax rate of 6.63%. This is a moderate sales tax rate that includes both state and local components.
Property taxes on the median-priced home of $420,000 would cost approximately $11,550 per year, or $963/month. The effective property tax rate of 2.75% is above the national median of about 1.10%.
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These estimates are based on median values. Use our Total Tax Burden Calculator for a breakdown based on your actual income, home value, and spending.
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