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Red Bank
Red Bank
New Jersey
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Red Bank is a borough in Monmouth County, New Jersey, incorporated in 1908 and located on the Navesink River, the area's original transportation route to the ocean and other ports. As of the 2010 United States Census, the borough had a population of 12,206, reflecting an increase of 362 (+3.1%) from the 11,844 counted in the 2000 Census, which had in turn increased by 1,208 (+11.4%) from the 10,636 counted in the 1990 Census.Red Bank was originally formed as a town on March 17, 1870, from portions of Shrewsbury Township. On February 14, 1879, Red Bank became Shrewsbury City, a portion of Shrewsbury Township, but this only lasted until May 15, 1879, when Red Bank regained its independence. On March 10, 1908, Red Bank was formed as a borough by an act of the New Jersey Legislature and was set off from Shrewsbury Township. The borough was named for the red soil along the Navesink River.

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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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