Property Taxes in New Jersey
Property Taxes in New Jersey
Median New Jersey effective property tax rate: 2.88%, significantly higher than the national median of 1.02%.
Median New Jersey home value: $288,200
Median annual New Jersey tax bill: $8,638, $6,238 higher than the national median property tax bill of $2,400.
How are property taxes in New Jersey calculated?
Property taxes in New Jersey are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.
Understanding your county's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you are in New Jersey, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
New Jersey Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
2.88%
Estimate Property Tax Bill
$8,300
$7,702
How Does the New Jersey Property Tax Calculator Work?
Use this New Jersey property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies New Jersey's median effective tax rate of 2.88% to generate an estimated bill.
Enter your property's estimated assessed value — the value your county assessor assigns to your property, which is typically lower than market value after exemptions. Our calculator uses the median effective tax rate (actual bills divided by assessed market value), accounting for typical exemptions and providing a more accurate estimate than the statutory rate alone.
Note: your assessed value reflects any exemptions you currently hold. Your actual bill may be higher or lower depending on local levies, special assessments, and individual exemption eligibility.
New Jersey's median property tax bill is $8,638, far above the national median property tax bill of $2,400. Essex has the highest median tax bill at $11,737, while Cumberland has the lowest at $4,582, a difference of $6,238. For a more localized estimate, scroll down to explore county and city-level property tax trends across New Jersey.
Property Tax Rates Across New Jersey
What Are Effective Property Tax Rates in New Jersey?
Local government entities set tax rates, which can vary widely across New Jersey. Each county estimates its required budget to fund public services and divides that by the total assessed value of all taxable property in its jurisdiction. This calculation produces the effective tax rate.
Below, compare any New Jersey county's effective rate to other counties in the state or the national median of 1.02%.
For instance, Middlesex County has the highest effective property tax rate in New Jersey at 5.52%, while Cape May County has the lowest at 1.55%.
Our median effective rate (your actual tax bill divided by the assessor's market value) accounts for all exemptions and deductions, making it more accurate than the general statutory millage rate.
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective New Jersey Tax Rate
2.88%
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across New Jersey
| County | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Atlantic | 1.88% | 2.75% | 3.35% | 3.45% | 3.60% |
| Bergen | 1.63% | 2.06% | 2.68% | 3.04% | 3.41% |
| Burlington | 2.70% | 2.99% | 3.21% | 3.60% | 4.23% |
| Camden | 3.43% | 3.80% | 4.20% | 4.27% | 4.68% |
| Cape May | 0.89% | 1.12% | 1.55% | 2.04% | 2.30% |
| Cumberland | 2.91% | 3.18% | 3.18% | 3.92% | 5.29% |
| Essex | 2.20% | 2.58% | 3.27% | 3.73% | 4.60% |
| Gloucester | 2.55% | 3.30% | 3.50% | 3.64% | 4.21% |
| Hudson | 1.63% | 1.63% | 2.25% | 2.68% | 7.94% |
| Hunterdon | 2.27% | 2.60% | 2.72% | 2.89% | 3.13% |
| Mercer | 2.94% | 3.04% | 3.30% | 3.70% | 5.57% |
| Middlesex | 2.45% | 2.71% | 5.52% | 6.64% | 11.83% |
| Monmouth | 1.22% | 1.47% | 1.64% | 1.89% | 2.14% |
| Morris | 1.78% | 2.06% | 2.60% | 2.93% | 3.29% |
| Ocean | 1.39% | 1.73% | 2.35% | 2.48% | 2.74% |
| Passaic | 3.00% | 4.00% | 4.90% | 5.72% | 5.79% |
| Salem | 2.98% | 3.53% | 3.97% | 4.91% | 5.36% |
| Somerset | 1.78% | 1.82% | 1.95% | 2.14% | 3.43% |
| Sussex | 1.99% | 2.34% | 2.89% | 3.49% | 3.86% |
| Warren | 2.81% | 3.08% | 3.55% | 4.03% | 4.30% |
| Union | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across New Jersey
Understanding the distinction between market value and assessed value is crucial when examining property taxes in New Jersey.
The market value is what a willing buyer would pay to a willing seller in an open and competitive market. Location, property condition, and economic market trends often influence it. Each New Jersey county assessor estimates the market value for tax purposes.
The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.
Assessment notices:
In New Jersey, assessment notices are sent in the spring each year. They'll typically reach your mailbox by the end of March.
Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. New Jersey’s median property tax bill is $8,638, far above the national median property tax bill of $2,400. For example, Monmouth has the highest median home price at $565,900.00.
Median New Jersey Market Value
$288,200
Median United States Market Value
$235,294
Property Tax Assessment Values Across New Jersey
| County | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Atlantic | $81,000 | $127,500 | $188,800 | $271,150 | $415,400 |
| Bergen | $265,000 | $341,100 | $467,100 | $638,800 | $898,800 |
| Burlington | $120,000 | $156,100 | $211,500 | $289,900 | $392,900 |
| Camden | $64,200 | $119,900 | $169,400 | $223,500 | $294,000 |
| Cape May | $95,200 | $184,800 | $320,700 | $571,100 | $1,012,900 |
| Cumberland | $62,400 | $100,000 | $136,000 | $176,900 | $225,680 |
| Essex | $145,700 | $226,600 | $366,500 | $554,400 | $865,300 |
| Gloucester | $123,100 | $156,400 | $209,300 | $277,800 | $356,900 |
| Hudson | $87,870 | $199,800 | $368,800 | $546,000 | $755,900 |
| Hunterdon | $202,700 | $277,725 | $378,800 | $499,200 | $633,100 |
| Mercer | $54,500 | $131,800 | $217,000 | $356,700 | $589,500 |
| Middlesex | $73,200 | $109,000 | $167,900 | $278,900 | $440,500 |
| Monmouth | $309,700 | $415,200 | $565,900 | $776,700 | $1,117,100 |
| Morris | $232,400 | $309,200 | $411,600 | $568,700 | $807,400 |
| Ocean | $130,600 | $194,400 | $288,500 | $440,400 | $705,200 |
| Passaic | $136,200 | $171,700 | $228,800 | $304,000 | $394,100 |
| Salem | $61,600 | $108,100 | $151,600 | $206,600 | $275,090 |
| Somerset | $253,000 | $343,475 | $480,100 | $674,400 | $907,600 |
| Sussex | $32,300 | $172,300 | $254,000 | $341,200 | $447,900 |
| Warren | $104,700 | $145,500 | $206,900 | $285,600 | $352,900 |
| Union | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across New Jersey
How much are property tax bills across New Jersey?
Property tax bills in New Jersey are calculated by multiplying the property's assessed value by the local effective tax rate. The assessed value is determined by the county assessor and reflects the market value of the property minus any applicable exemptions.
New Jersey homeowners face varying tax obligations depending on their location. The median tax bill in Essex County is $11,737, while homeowners in Cumberland County pay a median of $4,582.
Factors including property size, recent improvements, and neighborhood comparables all influence the final assessed value, and therefore the tax bill. New Jersey’s median home price is $288,200, and its tax bills are well above the national median property tax bill of $2,400.
Understanding these factors helps property owners evaluate their assessment accuracy and identify whether an informal review or formal appeal may be warranted.
Median New Jersey Tax Bill
$8,638
Median United States Tax Bill
$2,400
Property Tax Bills Across New Jersey
| County | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Atlantic | $2,666 | $4,296 | $5,994 | $7,977 | $10,704 |
| Bergen | $7,177 | $9,279 | $11,614 | $15,080 | $20,265 |
| Burlington | $3,871 | $5,189 | $7,036 | $9,247 | $12,156 |
| Camden | $2,360 | $5,177 | $7,102 | $9,148 | $11,841 |
| Cape May | $1,715 | $3,315 | $5,073 | $7,141 | $10,873 |
| Cumberland | $2,485 | $3,480 | $4,582 | $5,941 | $7,556 |
| Essex | $5,704 | $8,573 | $11,737 | $15,668 | $22,724 |
| Gloucester | $4,327 | $5,449 | $7,097 | $9,228 | $11,579 |
| Hudson | $3,235 | $5,930 | $8,755 | $11,883 | $15,736 |
| Hunterdon | $5,724 | $7,646 | $10,258 | $13,266 | $16,550 |
| Mercer | $2,735 | $4,707 | $7,344 | $11,567 | $17,297 |
| Middlesex | $5,129 | $6,857 | $8,723 | $11,416 | $14,655 |
| Monmouth | $5,286 | $7,052 | $9,498 | $12,498 | $16,530 |
| Morris | $6,229 | $8,031 | $10,340 | $13,602 | $18,121 |
| Ocean | $2,962 | $4,552 | $6,412 | $8,965 | $12,394 |
| Passaic | $6,553 | $8,539 | $10,419 | $12,922 | $16,225 |
| Salem | $2,948 | $4,262 | $5,981 | $8,046 | $10,369 |
| Somerset | $5,654 | $7,599 | $10,186 | $13,978 | $18,969 |
| Sussex | $984 | $4,881 | $7,164 | $9,583 | $13,017 |
| Warren | $3,881 | $5,315 | $7,155 | $9,573 | $12,113 |
| Union | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell