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===Taxation=== Based on [[Internal Revenue Service|IRS]] data for the 2004 tax year, Morris County had the tenth-highest average federal income tax liability per return in the country. Average tax liability was $15,296, representing 16.3% of [[adjusted gross income]].<ref>[http://money.aol.com/cnnmoney/tax/canvas3/_a/biggest-income-tax-burdens-top-10-places/20070214111009990001 Biggest Income Tax Burdens: Top 10 Places] {{Webarchive|url=https://web.archive.org/web/20081216115300/http://money.aol.com/cnnmoney/tax/canvas3/_a/biggest-income-tax-burdens-top-10-places/20070214111009990001 |date=December 16, 2008 }}, [[CNN Money]]. Accessed April 28, 2007.</ref> Mountain Lakes ranked among the highest annual [[property tax]] bills in New Jersey, and highest in Morris County, in 2018 of $20,471, compared to a statewide average of $8,767.<ref>{{Cite web|url=https://www.nj.com/politics/2019/04/these-are-the-towns-with-the-highest-property-taxes-in-each-of-njs-21-counties.html|title=These are the towns with the highest property taxes in each of N.J.'s 21 counties|first=Samantha|last=Marcus|date=April 22, 2019|website=nj.com}}</ref>
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