Property Taxes in Monmouth Junction, New Jersey
Median Monmouth Junction, New Jersey effective property tax rate: 5.21%, significantly higher than the national median of 1.02%, and higher than the New Jersey state median of 2.88%.
Median Monmouth Junction, New Jersey home value: $183,000
Median annual Monmouth Junction, New Jersey tax bill: $9,530, $7,130 higher than the national median property tax bill of $2,400.
How are property taxes in Middlesex calculated?
Property taxes in Monmouth Junction, 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 Monmouth Junction's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Monmouth Junction, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
How Does the Monmouth Junction Property Tax Calculator Work?
Use this Monmouth Junction property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Monmouth Junction's median effective tax rate of 5.21% — based on actual property records in Middlesex County — to generate your estimate.
Enter your property's estimated assessed value — the figure the local assessment office uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Monmouth Junction'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 Monmouth Junction: rates range from 5.21% in 08852 to 5.21% in 08852, primarily due to differences in school district levies and local assessment districts. Monmouth Junction's median effective tax rate is higher than the 2.88% state median, and the typical bill is higher than the state median property tax bill by $7,130.
For a more precise estimate, scroll down to explore ZIP code-level tax rate trends across Monmouth Junction.
About Monmouth Junction Property Taxes
About Property Taxes in Monmouth Junction, Middlesex, New Jersey
Monmouth Junction’s median effective property tax rate of 5.21% is higher than the New Jersey state median of 2.88% and higher than the national median of 1.02%. This rate reflects the Middlesex 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 Monmouth Junction. Homeowners in ZIP code 08852 carry a median effective rate of 5.21%, while those in the lowest ZIP also pay 5.21%. This spread — 0 percentage points across the same city — reflects how school district boundaries and local assessment districts are drawn across Middlesex County. Understanding which part of Monmouth Junction you live in can make a meaningful difference to your annual tax bill.
Monmouth Junction 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 Monmouth Junction, Middlesex 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 Monmouth Junction's effective property tax rate to other cities in New Jersey and the median property tax rates in New Jersey and the U.S.
Property Tax Rates Across Monmouth Junction, 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 Monmouth Junction Tax Rate
5.21%
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 Middlesex County Tax Rate
5.52%
Median Effective New Jersey Tax Rate
2.88%
Median Effective United States Tax Rate
1.27%
Property Tax Rates Across Monmouth Junction, Middlesex County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 08852 | 5.20% | 5.21% | 5.21% | 5.25% | 5.27% |
Source: Ownwell
Property Tax Assessment Values Across Monmouth Junction, Middlesex County, New Jersey
When examining property taxes in Monmouth Junction, 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 Middlesex County tax 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 Middlesex 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. 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 Monmouth Junction.
For example, the median home price in Monmouth Junction is $183,000, with tax bills ranging significantly across the county. 08852 has the highest median home price at $183,000.
Property Tax Assessment Values Across Monmouth Junction, Middlesex County, New Jersey
Source: Ownwell
$66,900
$316,000
$565,100
Median Monmouth Junction Market Value
$183,000
Median Middlesex County Market Value
$167,900
Median New Jersey Market Value
$288,200
Median United States Market Value
$274,101
Property Tax Assessment Values Across Monmouth Junction, Middlesex County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 08852 | $85,300 | $120,200 | $183,000 | $262,600 | $325,040 |
Source: Ownwell
Property Tax Bills Across Monmouth Junction, Middlesex County, New Jersey
Property tax bills in Monmouth Junction are based on the assessed value of a home, not its market price alone. Local tax rates are applied to that assessment to determine the annual bill, and the amount can vary depending on the home’s location within Middlesex County and the services funded by local taxes.
With a median home price of $183,000, homeowners in Monmouth Junction often face bills that are well above the national median property tax bill of $2,400. The 25th percentile tax bill is $6,250, while the 75th percentile is $13,600 and the 90th percentile reaches $16,755. The median tax bill in ZIP code 08852 is $9,530.
These bills can have a major impact on household budgets, especially when assessed values rise faster than income. For many homeowners, understanding how the bill is calculated is the first step toward spotting errors and making sure they are not paying more than they should.
Property Tax Bills Across Monmouth Junction, Middlesex County, New Jersey
Source: Ownwell
$5,823
$9,221
$12,618
Median Monmouth Junction Tax Bill
$9,530
Median Middlesex County Tax Bill
$8,723
Median New Jersey Tax Bill
$8,638
Median United States Tax Bill
$3,209
Property Tax Bills Across Monmouth Junction, Middlesex County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 08852 | $4,442 | $6,250 | $9,530 | $13,600 | $16,755 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | April 1 |
Links | |
|---|---|
| Middlesex Tax Assessor | |
| Website | www.taxdatahub.com |