Monroe Township, Middlesex County, New Jersey Property Taxes
Property Taxes in Monroe Township, New Jersey
Median Monroe Township, New Jersey effective property tax rate: 2.71%, significantly higher than the national median of 1.02%, and lower than the New Jersey state median of 2.88%.
Median Monroe Township, New Jersey home value: $326,400
Median annual Monroe Township, New Jersey tax bill: $8,801, higher than the national median property tax bill of $2,400.
How are property taxes in Middlesex calculated?
Property taxes in Monroe Township, 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 Monroe Township's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Monroe Township, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Monroe Township, Middlesex County, New Jersey Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
2.71%
Estimate Property Tax Bill
$8,845
$8,208
How Does the Monroe Township Property Tax Calculator Work?
Use this Monroe Township property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Monroe Township's median effective tax rate of 2.71% — based on actual property records in Middlesex County — to generate your estimate.
Enter your property's estimated assessed value — the figure the local assessment system uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Monroe Township'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 Monroe Township: rates range from 2.71% in 08831 to 2.71% in 08831, 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 Monroe Township.
About Monroe Township Property Taxes
About Property Taxes in Monroe Township, Middlesex, New Jersey
Monroe Township’s median effective property tax rate of 2.71% is lower 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 township.
Property tax rates are not uniform across Monroe Township. Homeowners in the 08831 ZIP code carry a median effective rate of 2.71%, while those in the lowest ZIP code pay 2.71%. This spread is minimal, but it still reflects how school district boundaries and local assessment districts are drawn across Middlesex County. Understanding which part of Monroe Township you live in can make a meaningful difference to your annual tax bill.
Monroe Township homeowners who believe their assessed value is too high can file a formal appeal with the local 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 Monroe Township, 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 Monroe Township'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 Monroe Township, Middlesex County, New Jersey
Source: Ownwell
1.81%
7.50%
13.20%
Our median effective property tax rate (tax bill Ă· 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 Monroe Township Tax Rate
2.71%
Our median effective property tax rate (tax bill Ă· 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
1.02%
Property Tax Rates Across Monroe Township, Middlesex County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 08831 | 2.65% | 2.69% | 2.71% | 2.79% | 2.79% |
Source: Ownwell
Property Tax Assessment Values Across Monroe Township, Middlesex County, New Jersey
When examining property taxes in Monroe Township, 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 February each year. They typically reach your mailbox by the middle of the month.
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. The median home price in Monroe Township is $326,400, and the median tax bill is $8,801, compared with the national median property tax rate of 1.02% and national median property tax bill of $2,400. In 08831, the highest median home price is $326,400.
Property Tax Assessment Values Across Monroe Township, Middlesex County, New Jersey
Source: Ownwell
$66,900
$316,000
$565,100
Median Monroe Township Market Value
$326,400
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 Monroe Township, Middlesex County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 08831 | $104,040 | $164,600 | $326,400 | $471,825 | $605,800 |
Source: Ownwell
Property Tax Bills Across Monroe Township, Middlesex County, New Jersey
How are property tax bills calculated in Monroe Township?
Property tax bills in Monroe Township are based on the assessed value of a home, not its market price. Local governments set tax rates, and the bill is calculated by applying those rates to the property’s assessed value. Factors such as home value, local budgets, and the tax rate in Middlesex County all play a role in determining what homeowners owe.
What affects the amount homeowners pay?
With a median home price of $326,400, property taxes can be substantial. The median tax bill is $8,801, which is well above the national median property tax bill of $2,400 and the national median property tax rate of 1.02%. Bills vary widely, with the 25th percentile at $4,329 and the 75th percentile at $12,905. At the 90th percentile, homeowners pay $16,467, showing how much tax bills can rise for higher-valued properties. These costs can significantly affect monthly budgets and long-term housing affordability.
Property Tax Bills Across Monroe Township, Middlesex County, New Jersey
Source: Ownwell
$5,823
$9,221
$12,618
Median Monroe Township Tax Bill
$8,801
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 Monroe Township, Middlesex County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 08831 | $2,716 | $4,329 | $8,801 | $12,905 | $16,467 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | April 1 |
Links | |
|---|---|
| Middlesex Tax Assessor | |
| Website | www.taxdatahub.com |