$3,345 Average Refund in New Jersey: A County-by-County Breakdown

New Jersey residents should note the wide variations in tax refunds and bills by county to better prepare and potentially optimize their financial planning..

Where Refunds and Bills Vary Widely Across the State

With Tax Day just nine months away many people in New Jersey might already be thinking about their 2024 taxes. According to SmartAsset’s recent report there are big differences in federal tax returns across the state. On average, New Jersey residents get a refund of $3,345 but owe an average of $8,131. Bergen County gets the highest refunds at $3,776 while Somerset County has the highest average tax bills at $10,836.

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(photo: Yahoo Finance)

How to Prepare for a Smoother Filing Experience

The study shows that tax situations vary widely by county. Bergen County leads in refunds but is also among the top five for the highest amounts owed. Meanwhile, Somerset County has the highest tax bills on average. These differences show that people in different parts of New Jersey face very different financial situations when it comes to taxes, according to the report of App.

With Tax Day approaching, it’s a good idea for taxpayers to be aware of these trends. Knowing how tax returns and bills vary by county can help people prepare better and possibly get a bigger refund. Staying informed about these details can make managing your taxes a bit easier as the deadline gets closer.

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