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Mountain Lakes
Mountain Lakes
New Jersey
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Mountain Lakes is a borough in Morris County, New Jersey, United States, and a suburb of New York City. As of the 2010 United States Census, the borough's population was 4,160, reflecting a decline of 96 (-2.3%) from the 4,256 counted in the 2000 Census, which had in turn increased by 409 (+10.6%) from the 3,847 counted in the 1990 Census.Mountain Lakes was incorporated as a borough by an act of the New Jersey Legislature on March 3, 1924, from portions of Boonton Township and Hanover Township, subject to the results of a referendum passed on April 29, 1924. The borough was named for a pair of lakes in the area.New Jersey Monthly magazine ranked Mountain Lakes as the 26th best place to live in New Jersey in its rankings of the "New Jersey's Top Towns 2011-2012" in New Jersey.According to Neighborhood Scout, Mountain Lakes is one of New Jersey's most highly educated municipalities, with 85.94% of adults attaining a four-year undergraduate or graduate degree, quadruple the national average of 21.84%, while the percentage of white-collar workers was 98.77%.

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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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