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Residents of Newark have an average tax burden of 14.50%. This value is based off a combined estimate of state plus local sales, auto, property and income taxes. In 2017 local taxes alone in this city were 0.0% and Newark was happily ranked #93 for tax burdens on large American cities.
The estimated population of Newark City, New Jersey is 277,140 with 109,520 of those people taking residence in 94,542 housing units. Newark has around 16,217 housing units that are owned with a mortgage or a loan, 4,692 that are owned free and clear and 73,633 that are renter occupied.
Review active property listings that are eligible for USDA loans in Newark.
According to a list of the fastest growing cities, the city of Newark is ranked overall as number 387 in the nation. Newark, New Jersey is also ranked poorly at number 428 for the economy and number 341 for socio-demographics.
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