Tax Comparison: Newark, NJ vs Blue mounds, WI
Understanding Your Tax Burden
This page compares the three main types of taxes between Newark, NJ and Blue mounds, WI: 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
Newark, NJ
$8,480
Based on a $419,200 home
Rate: 2.0229%
Blue mounds, WI
$7,186
Based on a $419,200 home
Rate: 1.7143%
| Data | Newark, NJ | Blue mounds, WI |
|---|---|---|
| Effective Property Tax Rate | 2.0229% | 1.7143% |
| Estimated Property Tax | $8,480 | $7,186 |
| Home Value Used | $419,200 | $419,200 |
Comparison: Property taxes in Blue mounds, WI are $1,294 lower than in Newark, 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
NJ
1.4%-10.75%
Single: $3,957
Married: $7,123
WI
3.5%-7.65%
Single: $5,393
Married: $9,707
| Data | NJ | WI |
|---|---|---|
| Tax Rate | 1.4%-10.75% | 3.5%-7.65% |
| Single Filer ($100k) | $3,957 | $5,393 |
| Married Couple ($200k) | $7,123 | $9,707 |
| Median Income ($80.6k) | $5,137 | $4,271 |
Comparison: Income taxes in WI are $866 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
Newark, NJ
9.938%
Combined rate
Annual sales tax: $1540
(Based on $15,500 spending)
Blue mounds, WI
7.900%
Combined rate
Annual sales tax: $1224
(Based on $15,500 spending)
| Data | Newark, NJ | Blue mounds, WI |
|---|---|---|
| State Sales Tax | 6.63% | 5.00% |
| Combined Sales Tax | 9.938% | 7.900% |
| Annual Tax Amount | $1,540 | $1,224 |
Comparison: Shopping in Blue mounds, WI costs $316 less in annual sales tax than in Newark, NJ for the average household.
Tax Comparison Insights
Tax Insights: Newark vs Blue mounds
- Property Tax: Blue mounds has a 0.3086 percentage points lower effective property tax rate than Newark.
- Income Tax: Living in WI could save you approximately $866 in state income taxes for a median household income.
- Sales Tax: The combined sales tax rate in Blue mounds is 2.04 percentage points lower than in Newark.
Overall Tax Burden Comparison
Newark, NJ
$15,156
Combined annual tax burden
Property
$8,480
Income
$5,137
Sales
$1,540
Blue mounds, WI
$12,681
Combined annual tax burden
Property
$7,186
Income
$4,271
Sales
$1,224
Overall Comparison: Blue mounds, WI has an estimated $2,475 lower total tax burden than Newark, 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.