Property Taxes in Verona, New Jersey
Median Verona, New Jersey effective property tax rate: 3.06%, significantly higher than the national median of 1.02%, and higher than the New Jersey state median of 2.88%.
Median Verona, New Jersey home value: $427,800
Median annual Verona, New Jersey tax bill: $13,096, $10,696 higher than the national median property tax bill of $2,400.
How are property taxes in Essex calculated?
Property taxes in Verona, 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 Verona's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Verona, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
How Does the Verona Property Tax Calculator Work?
Use this Verona property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Verona's median effective tax rate of 3.06% — based on actual property records in Essex County — to generate your estimate.
Enter your property's estimated assessed value — the figure the local tax assessor uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Verona's median effective rate across all local levies, providing a more accurate estimate than applying a single county millage rate.
Your bill may vary by ZIP code within Verona: rates range from 3.06% in 07044 to 3.06% in 07044, primarily due to differences in school district levies and local assessment districts.
For a more precise estimate, scroll down to explore ZIP code-level tax rate trends across Verona.
About Verona Property Taxes
About Property Taxes in Verona, Essex, New Jersey
Verona’s median effective property tax rate of 3.06% is higher than the New Jersey state median of 2.88% and higher than the national median of 1.02%. This rate reflects the Essex County base levy combined with local school district levies and special assessment districts that vary by subdivision throughout the city.
Property tax rates are not uniform across Verona. Homeowners in the 07044 ZIP code carry a median effective rate of 3.06%, while those in the same ZIP code also pay 3.06%. This reflects how school district boundaries and local assessment districts are drawn across Essex County. Understanding which part of Verona you live in can make a meaningful difference to your annual tax bill.
Verona homeowners who believe their assessed value is too high can file a formal appeal with the Tax Assessor before the April 1, 2026 deadline each year.
If your estimated bill above seems higher than expected, Ownwell can review your assessment and protest on your behalf. You only pay if we save you money.
Property Tax Rates Across Verona, Essex County, New Jersey
As noted earlier, local government entities set tax rates, which can vary widely within a state.
Why? Because annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate.
While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.
Below, you can compare Verona's effective property tax rate to other cities in New Jersey and the median property tax rates in New Jersey and the U.S.
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 Verona Tax Rate
3.06%
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 Essex County Tax Rate
3.27%
Median Effective New Jersey Tax Rate
2.88%
Median Effective United States Tax Rate
1.27%
Property Tax Rates Across Verona, Essex County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 07044 | 3.06% | 3.06% | 3.06% | 3.06% | 3.06% |
Source: Ownwell
Property Tax Assessment Values Across Verona, Essex County, New Jersey
When examining property taxes in Verona, New Jersey, understanding the distinction between "market value" and "assessed value" is crucial.
The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Essex County assessment office 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 Essex County, assessment notices are sent in the spring each year. They'll typically reach your mailbox by the middle of February.
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. For example, the median home price in Verona is $427,800, with tax bills ranging significantly across the county. 07044 has the highest median home price at $427,800.
Property Tax Assessment Values Across Verona, Essex County, New Jersey
Source: Ownwell
$145,150
$750,800
$1,356,450
Median Verona Market Value
$427,800
Median Essex County Market Value
$366,500
Median New Jersey Market Value
$288,200
Median United States Market Value
$274,101
Property Tax Assessment Values Across Verona, Essex County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 07044 | $204,100 | $361,800 | $427,800 | $518,850 | $631,430 |
Source: Ownwell
Property Tax Bills Across Verona, Essex County, New Jersey
What determines a property tax bill in Verona?
Property tax bills in Verona are based on the assessed value of a home, which is then multiplied by the local tax rate set by taxing authorities. That assessed value is influenced by the home’s market value, along with local budgets and the services funded by property taxes. For homeowners, this means a higher assessed value can lead to a larger bill, even when the home itself has not changed. In Essex County, the median home price is $427,800, and property tax bills are often substantial. The 25th percentile tax bill is $11,042, while the 75th percentile is $15,866 and the 90th percentile reaches $19,320. The median tax bill in ZIP code 07044 is $13,096. Compared with the national median property tax rate of 1.02% and the national median property tax bill of $2,400, Verona homeowners typically face much higher costs.
Median Verona Tax Bill
$13,096
Median Essex County Tax Bill
$11,737
Median New Jersey Tax Bill
$8,638
Median United States Tax Bill
$3,209
Property Tax Bills Across Verona, Essex County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 07044 | $6,320 | $11,042 | $13,096 | $15,866 | $19,320 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | April 1 |
Links | |
|---|---|
| Essex Tax Assessor | |
| Website | www.taxdatahub.com |