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Magnolia
Magnolia
New Jersey
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Magnolia is a borough in Camden County, New Jersey, United States. As of the 2010 United States Census, the borough's population was 4,341, reflecting a decline of 68 (-1.5%) from the 4,409 counted in the 2000 Census, which had in turn declined by 452 (-9.3%) from the 4,861 counted in the 1990 Census.Magnolia was incorporated as a borough by an act of the New Jersey Legislature on April 14, 1915, from portions of the now-defunct Centre Township, and parts of Clementon, based on the results of a referendum held on May 12, 1915. The borough was named for magnolia trees that grow in the area.

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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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