Rahway, Middlesex County, New Jersey Property Taxes

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

Median Rahway, NJ effective property tax rate: 6.58%, significantly higher than the national median of 1.02%, but lower than the NJ state median of 2.82%.
Median Rahway, NJ home value: $340,650
Median annual Rahway, NJ tax bill: $9,840, $7,440 higher than the national median property tax bill of $2,400.

How are property taxes in Middlesex County calculated?

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

Last Updated March 1, 2025

Rahway, Middlesex County, New Jersey Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

6.58%

Estimate Property Tax Bill

$22,415

$20,800

Ownwell’s Rahway Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Rahway with just two data points. By entering your property's estimated assessed value, our calculator applies Rahway’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. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Rahway, Middlesex County, New Jersey

Local government entities set tax rates, which can vary widely within a state. 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 Rahway’s effective property tax rate to other cities in New Jersey and the median property tax rates in New Jersey and the U.S.

Rahway, located in Middlesex County, has an effective property tax rate significantly higher than the national median. The state's median property tax rate is also notably higher than the national average. This reflects New Jersey's overall trend of higher property tax rates, which can be attributed to the state's budgetary needs and the value of taxable properties. For property owners in Rahway, this means a substantial property tax bill compared to many other regions across the country. Understanding these rates and how they are determined can help homeowners make informed decisions and potentially seek appeals or exemptions where applicable.

Property Tax Rates Across Rahway, Middlesex County, New Jersey

Source: Ownwell

1.78%

7.20%

12.62%

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 Rahway Tax Rate

6.58%

Median Effective Middlesex County Tax Rate

5.10%

Median Effective New Jersey Tax Rate

2.82%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Rahway, Middlesex County, New Jersey

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
07065	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

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

When examining property taxes in Rahway, 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.

Assessment notices: In Middlesex County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. 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 Rahway.

For example, the median home price in Rahway is $340,650, with tax bills ranging significantly across the county.

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

Source: Ownwell

$66,600

$322,300

$578,000

Median Rahway Market Value

$340,650

Median Middlesex County Market Value

$158,000

Median New Jersey Market Value

$282,900

Median United States Market Value

$235,294

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

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
07065	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Rahway, Middlesex County, New Jersey

In Rahway, NJ, property tax bills are calculated based on the assessed value of a home and the local tax rate. The median home price in this area is $340,650, which serves as a benchmark for assessing property values. Homeowners in Rahway experience higher property tax rates than the national median of 1.02%, resulting in a significant impact on their finances. The median property tax bill in Rahway is notably higher than the national median of $2,400. Homeowners in the 25th percentile pay around $7,753, while those in the 75th percentile face bills of approximately $11,926. At the 90th percentile, tax bills can reach $13,178. This can be a substantial burden, especially when compared to national figures. Ownwell offers a solution by providing property tax appeal and exemption services, helping homeowners potentially lower their tax bills. By leveraging local expertise and knowledge of tax regulations, Ownwell can identify opportunities for savings, ensuring homeowners in Rahway pay only what is necessary.

Property Tax Bills Across Rahway, Middlesex County, New Jersey

Source: Ownwell

$4,686

$8,118

$11,549

Median Rahway Tax Bill

$9,840

Median Middlesex County Tax Bill

$7,840

Median New Jersey Tax Bill

$8,227

Median United States Tax Bill

$2,400

Property Tax Bills Across Rahway, Middlesex County, New Jersey

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
07065	N/A	N/A	N/A	N/A	N/A

Source: Ownwell