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Basking Ridge
Basking Ridge
New Jersey
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Basking Ridge is an unincorporated community located within Bernards Township in the Somerset Hills region of Somerset County, New Jersey, United States. As of the 2010 Census, the population for the ZIP Code Tabulation Area (ZCTA) 07920 was 26,747.The area was settled during colonial times. It was home to the old AT&T Headquarters, now owned by Verizon. Basking Ridge is the current headquarters for Verizon Wireless, Vencore Labs, World Media Group, LLC, and Barnes & Noble College Booksellers. The community of Basking Ridge is part of greater Bernards Township, which also includes the neighborhoods of Liberty Corner, Lyons and West Millington.

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Taxes

C

How did New Jersey earn the grade of C? We examined the state taxes based on how age friendly they are. New Jersey has a state sales tax of 6.63%. Of particular interest is that New Jersey does not have taxes on social security. There are estate taxes. There are taxes imposed on inheritance. New Jersey has an effective property tax rate of 2.40%. Weighing these taxes and other taxes most likely to impact the aging population is how New Jersey earned its state tax grade of C.

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