Keyport, Middlesex County, New Jersey Property Taxes

Name: Property Tax Bills Across Keyport, Middlesex County, New Jersey
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Keyport, NJ effective property tax rate: 5.35%, significantly higher than the national median of 1.02%, but lower than the NJ state median of 2.82%.
Median Keyport, NJ home value: $112,600
Median annual Keyport, NJ tax bill: $5,821, $3,421 higher than the national median property tax bill of $2,400.

How are property taxes in Middlesex calculated?

Property taxes in Keyport, NJ 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 Keyport’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Keyport, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Keyport, Middlesex County, New Jersey Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

5.49%

Estimate Property Tax Bill

$6,231

$5,782

Ownwell’s Keyport Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Keyport with just two data points. By entering your property's estimated assessed value, our calculator applies Keyport’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Middlesex County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Keyport, Middlesex County, New Jersey

Local government entities set tax rates, which can vary widely within a state. This variance is due to each county estimating its required budget annually to provide services, then dividing that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While votes and laws are involved in setting tax rates and budgets, this is the annual process in a nutshell.

In Keyport, located in Middlesex County, NJ, the effective property tax rate is significantly higher than both the state and national medians. With a rate of 5.35%, Keyport stands out as having one of the highest property tax rates in the state. This is substantially above the national median property tax rate of 1.02%. For residents, this means a higher annual property tax bill compared to the national median of $2,400. Comparing Keyport’s rate to other cities in New Jersey underscores the state's reputation for having some of the highest property taxes in the country. Understanding these rates can help property owners make informed decisions about appealing their taxes or seeking exemptions.

Property Tax Rates Across Keyport, Middlesex County, New Jersey

Source: Ownwell

1.81%

7.50%

13.20%

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 Keyport Tax Rate

5.49%

Median Effective Middlesex County Tax Rate

5.52%

Median Effective New Jersey Tax Rate

2.88%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Keyport, Middlesex County, New Jersey

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
07735	5.49%	5.49%	5.49%	5.49%	5.49%

Source: Ownwell

Property Tax Assessment Values Across Keyport, Middlesex County, New Jersey

When examining property taxes in Keyport, NJ, 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 Middlesex County appraisal district 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.

In Middlesex County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. 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. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Keyport.

For example, the median home price in Keyport is $112,600, with tax bills ranging significantly across the county. The zip code 07735 has the highest median home price at $112,600.

Property Tax Assessment Values Across Keyport, Middlesex County, New Jersey

Source: Ownwell

$66,900

$316,000

$565,100

Median Keyport Market Value

$113,500

Median Middlesex County Market Value

$167,900

Median New Jersey Market Value

$288,200

Median United States Market Value

$235,294

Property Tax Assessment Values Across Keyport, Middlesex County, New Jersey

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
07735	$81,720	$94,850	$113,500	$126,525	$141,950

Source: Ownwell

Property Tax Bills Across Keyport, Middlesex County, New Jersey

Property tax bills in Keyport, Middlesex County, NJ, are calculated based on the assessed value of a property and the local tax rate. The assessed value is determined by the local assessor's office and is meant to reflect a percentage of the property's market value. Factors such as property size, location, and improvements can influence this assessed value. In Keyport, the median property tax bill is notably higher than the national median, with residents typically paying around $5,821 annually. This figure is significantly above the national median property tax bill of $2,400, reflecting the relatively high property values and tax rates in the region. For homeowners, this can represent a substantial financial obligation, impacting their overall cost of living. Ownwell offers a solution by assisting homeowners in appealing their property tax assessments. By leveraging expert knowledge and experience, Ownwell can help identify discrepancies in assessed values and guide homeowners through the appeal process, potentially reducing their tax burden and resulting in significant savings.

Property Tax Bills Across Keyport, Middlesex County, New Jersey

Source: Ownwell

$5,823

$9,221

$12,618

Median Keyport Tax Bill

$6,214

Median Middlesex County Tax Bill

$8,723

Median New Jersey Tax Bill

$8,638

Median United States Tax Bill

$2,400

Property Tax Bills Across Keyport, Middlesex County, New Jersey

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
07735	$4,456	$5,109	$6,214	$6,927	$7,816

Source: Ownwell

Don't miss the deadline to appeal!

Dates
Appeal Deadline	April 1

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