In this piece, we will take a look at the five best places to live in NJ with low taxes. For more places, head on over to 20 Best Places to Live in NJ with Low Taxes.
5. Deal Borough
Effective General Tax Rate: 0.619%
Deal Borough houses the largest Syrian American community in the U.S. and the area is known for its iconic houses that were designed hundreds of years ago. It is also one of the most expensive zip codes in America, with houses often having price tags higher than a million dollars. The borough predominantly votes Republican and has a tropical climate.
4. Stone Harbor Borough
Effective General Tax Rate: 0.589%
Stone Harbor Borough sees its population grow to thousands of people during the summer months and has some of the highest single family home prices in the U.S. The region is known for its large middle class housing, and average house prices are known to cross multi million dollars often. Like other boroughs, it also votes Republican and has mean temperatures higher than 32 degrees Fahrenheit.
3. Spring Lake Borough
Effective General Tax Rate: 0.587%
Spring Lake Borough is one of the largest locations on our list, with a population of close to three thousand people. It was incorporated in 1892 and is located on the Jersey Shore. Spring Lake often makes it on lists of best places to live in New Jersey, and its median family income is a high $150,156. The borough is a Republican stronghold and has a tropical climate. Spring Lake is known to have been the home of Jack Nicholson during his high school years.
2. Cape May Point Borough
Effective General Tax Rate: 0.58%
Cape May Point is the southernmost point in New Jersey and sees its population fluctuate seasonally. It is also one of the few municipalities in New Jersey where alcohol cannot be sold. The borough shares a coast with the Atlantic Ocean, and its median family income is a low $71,875. Unlike other New Jersey boroughs, however, Cape May votes Democrat in Presidential elections but switches to Republican in gubernatorial polls – to strike a bipartisan balance.
1. Walpack Township
Effective General Tax Rate: 0.58%
Walpack Township is one of the smallest regions in New Jersey, with a population of just seven people. It is one of the four townships in the state with less than one hundred people and the smallest municipality in terms of population. Despite the handful of people that live there, Walpack is often ranked as one of the best places to live in New Jersey on multiple lists. The region’s median family income is $127,500. Walpack also votes Republican in both gubernatorial and Presidential Elections, and it shares its schools with Sandyston. It is also one of the oldest regions in the U.S., since it was incorporated in 1798.
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