Tax Comparison: Ocean city, NJ vs Clarks hill, SC
Understanding Your Tax Burden
This page compares the three main types of taxes between Ocean city, NJ and Clarks hill, SC: 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
Ocean city, NJ
$5,554
Based on a $419,200 home
Rate: 1.3248%
Clarks hill, SC
$2,673
Based on a $419,200 home
Rate: 0.6377%
| Data | Ocean city, NJ | Clarks hill, SC |
|---|---|---|
| Effective Property Tax Rate | 1.3248% | 0.6377% |
| Estimated Property Tax | $5,554 | $2,673 |
| Home Value Used | $419,200 | $419,200 |
Comparison: Property taxes in Clarks hill, SC are $2,880 lower than in Ocean city, 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
SC
0%-6.3%
Single: $5,580
Married: $10,044
| Data | NJ | SC |
|---|---|---|
| Tax Rate | 1.4%-10.75% | 0%-6.3% |
| Single Filer ($100k) | $3,957 | $5,580 |
| Married Couple ($200k) | $7,123 | $10,044 |
| Median Income ($80.6k) | $5,137 | $5,003 |
Comparison: Income taxes in SC are $134 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
Ocean city, NJ
9.938%
Combined rate
Annual sales tax: $1540
(Based on $15,500 spending)
Clarks hill, SC
9.000%
Combined rate
Annual sales tax: $1395
(Based on $15,500 spending)
| Data | Ocean city, NJ | Clarks hill, SC |
|---|---|---|
| State Sales Tax | 6.63% | 6.00% |
| Combined Sales Tax | 9.938% | 9.000% |
| Annual Tax Amount | $1,540 | $1,395 |
Comparison: Shopping in Clarks hill, SC costs $145 less in annual sales tax than in Ocean city, NJ for the average household.
Tax Comparison Insights
Tax Insights: Ocean city vs Clarks hill
- Property Tax: Clarks hill has a 0.6871 percentage points lower effective property tax rate than Ocean city.
- Income Tax: Living in SC could save you approximately $134 in state income taxes for a median household income.
- Sales Tax: The combined sales tax rate in Clarks hill is 0.94 percentage points lower than in Ocean city.
Overall Tax Burden Comparison
Ocean city, NJ
$12,230
Combined annual tax burden
Property
$5,554
Income
$5,137
Sales
$1,540
Clarks hill, SC
$9,071
Combined annual tax burden
Property
$2,673
Income
$5,003
Sales
$1,395
Overall Comparison: Clarks hill, SC has an estimated $3,159 lower total tax burden than Ocean city, 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.