![]() Rental property returns and income tax calculator Use our free rental property calculator to estimate your returns and cash flow. View how much tax you may pay in other states based on the filing status and state entered above.Rental property returns and income tax calculator Skip to main content New Jersey stopped administering an estate tax as of Jan. When a person dies, the assets are transferred from the deceased to the beneficiary, and the state of New Jersey may impose a tax on the transfer of assets. Inheritance and Estate Tax and Inheritance and Estate Tax Exemption All of your capital gains are subject to taxes. New Jersey allows taxpayers to report gains and losses from the sale of capital assets. New Jersey assesses a property tax on real estate and provides a property tax exemption to homeowners, veterans, senior citizens, religious and educational agencies, historic properties, and government agencies. New Jersey charges a sale and use tax of 6.625%. Related: New Jersey Income Tax Calculator Sales Tax and Sales Tax Rates
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