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Margate City
Margate City
New Jersey
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See also: other MargatesMargate City is a city in Atlantic County, New Jersey, United States. As of the 2010 United States Census, the city's population was 6,354, reflecting a decline of 1,839 (-22.4%) from the 8,193 counted in the 2000 Census, which had in turn declined by 238 (-2.8%) from the 8,431 counted in the 1990 Census.Margate City was originally incorporated as the borough of South Atlantic City by an act of the New Jersey Legislature on September 7, 1885, from portions of Egg Harbor Township, based on the results of a referendum held on August 1, 1885. South Atlantic City was reincorporated as a city on April 23, 1897, and then reincorporated with the name Margate City on April 20, 1909. The city was named for Margate, England.The city is located on Absecon Island, which stretches for 8.1 miles (13.0 km) and is also home of Atlantic City and Ventnor City to the northeast, and Longport on the southwest. The city stretches about eight blocks from the Atlantic Ocean to the bay at most points in town. Margate is a popular Jersey Shore destination, especially during the summer, and is the home of Lucy the Elephant, a 65-foot (20 m) wooden elephant, and of Marven Gardens, of Monopoly board game fame.

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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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