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Wood Ridge
Wood Ridge
New Jersey
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0 out of 5 stars based on 0 ratings
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Not to be confused with Woodbridge Township, New Jersey or Ridgewood, New Jersey. Wood-Ridge is a borough in Bergen County, New Jersey, United States. As of the 2010 United States Census, the borough's population was 7,626, reflecting a decline of 18 (-0.2%) from the 7,644 counted in the 2000 Census, which had in turn increased by 138 (+1.8%) from the 7,506 counted in the 1990 Census.Wood-Ridge was incorporated as a borough by an act of the New Jersey Legislature on December 6, 1894, from portions of Bergen Township, based on the results of a referendum held the previous day. The borough was formed during the "Boroughitis" phenomenon then sweeping through Bergen County, in which 26 boroughs were formed in the county in 1894 alone.

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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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