Taxes in Ridgewood, NJ
Updated 2026 • Property, income & sales tax data
📊 Total Annual Tax Burden in Ridgewood, NJ
The combined effect of property, income, and sales taxes determines your total tax burden. Based on Ridgewood's median household income of $211,224 and a local median home price of $1,949,000.
🏠 Property Tax in Ridgewood, NJ
Property taxes are collected by local governments and used to fund schools, infrastructure, and other local services.
Note: The effective rate represents the percentage of a property's value paid in taxes annually. The US average property tax rate is approximately 1.1%. The estimate above uses the local median home price of $1,949,000 for Ridgewood, not the national median of $419,200.
💼 State Income Tax in NJ
Income tax rates and brackets vary by state, impacting residents' overall tax burden. The top bracket applies to income above $$20000-$1000000.
Note: Tax estimates are approximations based on standard deductions and may not account for all applicable credits, deductions, or individual circumstances. For personalized tax advice, please consult a qualified tax professional.
🛒 Sales Tax in Ridgewood, NJ
Sales tax is applied to most retail purchases and is collected by merchants at the point of sale. The rate can vary based on location and type of purchase.
Impact on Common Household Expenses
| Category | Annual Spending | Est. Sales Tax |
|---|---|---|
| Groceries | $7,000 | $695 |
| Retail | $5,000 | $496 |
| Dining | $3,500 | $347 |
| Total Annual | $15,500 | $1,540 |
💡 Did you know? Not all states tax groceries, and some have tax holidays for specific items like back-to-school supplies or emergency preparedness equipment. Check with local authorities for exemptions that might apply to you.
Understanding Your Tax Burden in Ridgewood, NJ
Understanding taxes in Ridgewood, NJ is essential for budgeting. The area has higher property taxes at 1.69%. Income tax varies. Sales tax is 6.62%. This page breaks down property, income, and sales taxes with calculators and examples.
Tax Pros & Cons of Ridgewood, NJ
Pros
- •Family-friendly events
- •Great schools available
- •Rich cultural activities
- •Vibrant nightlife
- •Diverse community
- •Good public transport access
- •Friendly neighborhoods
- •Abundant parks nearby
- •Low crime rate
- •Strong job market
Cons
- •Limited shopping variety
- •Traffic congestion issues
- •Limited nightlife options
- •High property taxes
- •Political polarization present
- •Long commutes to NYC
- •Fewer kids activities
- •Racial diversity challenges
- •High cost of living
- •Lack of affordable housing
Frequently Asked Questions
What is the cost of living in Ridgewood, NJ? ▼
The cost of living in Ridgewood, NJ is 0% equal to the national average, with a cost of living index of 100 (where 100 represents the U.S. average). Housing typically accounts for the largest portion of living expenses. See full cost of living breakdown →
Is Ridgewood, NJ a safe place to live? ▼
Ridgewood, NJ is average in terms of safety, with crime rates near the national average. Safety varies significantly by neighborhood. View detailed Ridgewood crime statistics →
What are the best neighborhoods in Ridgewood, NJ? ▼
The best neighborhoods in Ridgewood, NJ depend on your priorities. For families, look for areas near top-rated schools with lower crime rates. For affordability, neighborhoods vary in price depending on proximity to amenities and schools.
How are the taxes in Ridgewood, NJ? ▼
Tax rates in Ridgewood, NJ include state and local components. The cost of living index of 100 reflects a moderate cost environment compared to the national average. View detailed Ridgewood tax information →
How does Ridgewood, NJ compare to nearby cities? ▼
Ridgewood, NJ offers comparable costs to nearby communities. With a cost of living index of 100, median home prices of $0, and a crime rate of 0 per 1,000 residents, you can compare these metrics side-by-side. Use the compare feature to evaluate specific cities.
What is the weather like in Ridgewood, NJ? ▼
Weather in Ridgewood, NJ varies by season. Climate data varies by season. View detailed Ridgewood climate & environment data →
Explore More About Ridgewood, NJ
📅 Last Updated: February 2026
Sources: Tax Foundation, State Revenue Departments, U.S. Census Bureau ACS