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Millstone Township
Millstone Township
New Jersey
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Millstone Township is a township in Monmouth County, New Jersey, United States. It is located in the New York Metropolitan Area. As of the 2010 United States Census, the township's population was 10,566, reflecting an increase of 1,596 (+17.8%) from the 8,970 counted in the 2000 Census, which had in turn increased by 3,901 (+77.0%) from the 5,069 counted in the 1990 Census.Millstone was formed as a township by an act of the New Jersey Legislature on February 28, 1844, from portions of Freehold Township and Upper Freehold Township, as well as part of Monroe Township in Middlesex County. The portions taken from Monroe Township were relinquished in 1845. On May 29, 1937, portions of the township were taken to form the borough of Jersey Homesteads (now Roosevelt). The township was named for the Millstone River, whose name derives from an incident in which a millstone was dropped into it.

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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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