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Somerville
Somerville
New Jersey
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Somerville is a borough in and the county seat of Somerset County, New Jersey, United States. As of the 2010 United States Census, the borough's population was 12,098, reflecting a decline of 325 (-2.6%) from the 12,423 counted in the 2000 Census, which had in turn increased by 791 (+6.8%) from the 11,632 counted in the 1990 Census.Somerville was originally formed as a town on March 25, 1863, within a portion of Bridgewater Township. Somerville was incorporated as a borough by an act of the New Jersey Legislature on April 16, 1909, based on the results of a referendum held on May 4, 1909, at which point it was fully set off from Bridgewater Township. It is home of the oldest competitive bicycle race in the United States. The borough is named for Somerset in England.

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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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