Tax Comparison: Falls city, NE vs Berlin, NJ
Understanding Your Tax Burden
This page compares the three main types of taxes between Falls city, NE and Berlin, NJ: property tax, income tax, and sales tax. Each of these has a different impact on your overall cost of living.
Property Tax Comparison
Property taxes are collected by local governments and used to fund schools, infrastructure, and other local services. They're typically based on the assessed value of your property.
Our property tax estimates are based on:
- U.S. median home value: $419,200 (2023 data)
- Local effective tax rates for both cities
Falls city, NE
$5,773
Based on a $419,200 home
Rate: 1.3772%
Berlin, NJ
$12,891
Based on a $419,200 home
Rate: 3.0751%
| Data | Falls city, NE | Berlin, NJ |
|---|---|---|
| Effective Property Tax Rate | 1.3772% | 3.0751% |
| Estimated Property Tax | $5,773 | $12,891 |
| Home Value Used | $419,200 | $419,200 |
Comparison: Property taxes in Falls city, NE are $7,118 lower than in Berlin, NJ for the same home value.
State Income Tax Comparison
Income tax rates and brackets vary by state, impacting residents' overall tax burden. The estimates below are based on standard deductions and typical filing scenarios.
Our income tax estimates consider:
- Single filer: $100,000 annual income
- Married couple: $200,000 combined income
- Median income: $80,600 annual income
NE
2.46%-5.84%
Single: $4,828
Married: $8,690
NJ
1.4%-10.75%
Single: $3,957
Married: $7,123
| Data | NE | NJ |
|---|---|---|
| Tax Rate | 2.46%-5.84% | 1.4%-10.75% |
| Single Filer ($100k) | $4,828 | $3,957 |
| Married Couple ($200k) | $8,690 | $7,123 |
| Median Income ($80.6k) | $4,041 | $5,137 |
Comparison: Income taxes in NE are $1,096 lower than in NJ for the median household income.
Sales Tax Comparison
Sales tax rates vary by location and can have a significant impact on your day-to-day expenses. These include state, county, city, and special district taxes that together form the total sales tax rate.
Our sales tax estimates consider:
- Average household taxable spending: $15,500 per year
- Combined state and local rates for both cities
Falls city, NE
7.500%
Combined rate
Annual sales tax: $1162
(Based on $15,500 spending)
Berlin, NJ
9.938%
Combined rate
Annual sales tax: $1540
(Based on $15,500 spending)
| Data | Falls city, NE | Berlin, NJ |
|---|---|---|
| State Sales Tax | 5.50% | 6.63% |
| Combined Sales Tax | 7.500% | 9.938% |
| Annual Tax Amount | $1,162 | $1,540 |
Comparison: Shopping in Falls city, NE costs $378 less in annual sales tax than in Berlin, NJ for the average household.
Tax Comparison Insights
Tax Insights: Falls city vs Berlin
- Property Tax: Falls city has a 1.6979 percentage points lower effective property tax rate than Berlin.
- Income Tax: Living in NE could save you approximately $1,096 in state income taxes for a median household income.
- Sales Tax: The combined sales tax rate in Falls city is 2.44 percentage points lower than in Berlin.
Overall Tax Burden Comparison
Falls city, NE
$10,976
Combined annual tax burden
Property
$5,773
Income
$4,041
Sales
$1,162
Berlin, NJ
$19,567
Combined annual tax burden
Property
$12,891
Income
$5,137
Sales
$1,540
Overall Comparison: Falls city, NE has an estimated $8,591 lower total tax burden than Berlin, NJ based on our standard scenarios.
Important Tax Disclaimer
The tax information provided above is based on publicly available data and standard assumptions. Actual tax situations will vary based on:
- Individual financial circumstances
- Applicable deductions and credits
- Recent changes in tax laws
- Personal spending habits
- Local variations within cities and counties
This comparison is intended for general informational purposes only and should not be considered tax advice. For specific guidance regarding your tax situation, please consult with a qualified tax professional.