Tax Burden in ZIP Code 07960
Morristown, NJ — Morris County
At the median income of $95,000, the estimated total tax burden in ZIP 07960 is $37,805 (39.8% effective rate), including federal income tax, FICA, and property tax.
Federal Tax (est.)
$17,100
FICA
$7,268
Property Tax
$13,437
Total Tax Burden
$37,805
39.8% effective
Tax Details for ZIP 07960
ZIP code 07960 is located in Morris County, NJ, within the New York MSA metropolitan area. The area has a cost of living index of 135 (100 = national average), making it more expensive than most parts of the country.
The effective property tax rate is 2.15%. On the median home price of $625,000, this equals $13,437 per year ($1,120/month).
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