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New Milford
New Milford
New Jersey
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New Milford is a borough in Bergen County, New Jersey, United States. As of the 2010 United States Census, the borough's population was 16,341, reflecting a decline of 59 (-0.4%) from the 16,400 counted in the 2000 Census, which had in turn increased by 410 (+2.6%) from the 15,990 counted in the 1990 Census.New Milford was incorporated as a borough on March 11, 1922, from what remained of Palisades Township, based on the results of a referendum held on April 18, 1922. With the creation of New Milford, Palisades Township (which had been created in 1871) was dissolved. The borough is believed to have been named for Milford, Pennsylvania.

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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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