How much would an employee expect to save on tax bill by moving residence from NYC to NJ, approximately?

Assume $200,000 income, single, no dependents, $0 for everything else (IRA, 401k, investments, etc).

Online tax estimators say tax bill for NYC is $72,000 and tax bill for NJ is $63,000. If working in one and living in the other, would the tax bill be closer to 72k or 63k?

  • 1
    Rental or homeowner? As a state, NJ is #1 in property tax (NY is #9), though the exact rate is set at a county or municipal level. – user662852 Dec 20 '19 at 19:06
  • 1
    Also note that renters indirectly pay property tax through their rent. – D Stanley Dec 20 '19 at 19:46
  • for rental, not homeowner – Flen Fulaine Jan 24 at 18:53

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