Facebook Twitter LinkedIn Google Plus RSS

These 10 cities are most tax-friendly for retirees, SmartAsset says

By ,
Is your city one of the most tax-friendly in New Jersey?
Is your city one of the most tax-friendly in New Jersey? - ()

Do your retirement plans include staying put in the Garden State? If so, financial-tech company SmartAsset’s recent study could prove useful.

Now in its fourth iteration, this year’s Most Tax Friendly Places for Retirees finds two new cities – Secaucus and Holiday City-Berkeley – joining eight familiars from last year, including Ocean City, which continues its streak in the No. 1 spot.

The study is based on an analysis of sales, property, income, fuel and Social Security tax data for a retiree receiving $50,000 in income.

The following are this year’s top tax-friendly havens for retirees:

10. Holiday City-Berkeley
Retirement Tax Friendliness Index: 57.24

9. Margate City
Retirement Tax Friendliness Index: 57.35

8. Secaucus
Retirement Tax Friendliness Index: 57.43

7. Paramus
Retirement Tax Friendliness Index: 57.43

6. Manasquan
Retirement Tax Friendliness Index: 57.74

5. Belmar
Retirement Tax Friendliness Index: 59.01

4. Edgewater
Retirement Tax Friendliness Index: 59.87

3. Hoboken
Retirement Tax Friendliness Index: 61.62

2. Englewood Cliffs
Retirement Tax Friendliness Index: 64.48

1. Ocean City
Retirement Tax Friendliness Index: 65.61

More From This Industry

Jessica Perry

Jessica Perry


Jessica is the Web Editor for NJBIZ. You can reach her at jperry@njbiz.com.

Leave a Comment

test

Please note: All comments will be reviewed and may take up to 24 hours to appear on the site.

Post Comment
View Comment Policy

Comments

Ron August 10, 2018 3:49 pm

Holiday City is only a small part of Berkeley Township and falls under numerous over 55 community laws. The rest of Berkeley pays the normally high property tax rates we see in New Jersey.

close