Avon By The Sea, Monmouth County, New Jersey Property Taxes
Median AVON BY THE SEA, NJ effective property tax rate: 0.82%, significantly lower than the national median of 1.02%, but lower than the NJ state median of 2.82%.
Median AVON BY THE SEA, NJ home value: $1,244,650
Median annual AVON BY THE SEA, NJ tax bill: $9,966, $7,566 higher than the national median property tax bill of $2,400.
How are property taxes in Monmouth calculated?
Property taxes in AVON BY THE SEA, 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 AVON BY THE SEA’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in AVON BY THE SEA, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Avon By The Sea, Monmouth County, New Jersey Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.85%
Estimate Property Tax Bill
$8,349
$7,747
Property Tax Rates Across Avon By The Sea, Monmouth County, New Jersey
Local government entities are responsible for setting tax rates, which can vary significantly within a state. Annually, each county estimates its required budget to provide essential 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.
Avon by the Sea in Monmouth County, New Jersey, presents a unique case where the effective property tax rate is 0.82%, which stands out when compared to other cities in New Jersey and the national median. The national median property tax rate is 1.02%, with a median tax bill of $2,400. This comparison highlights Avon by the Sea's relatively favorable property tax environment. Residents in this area benefit from a lower tax rate, which can significantly impact overall living costs. Understanding these differences is crucial for property owners seeking to optimize their tax liabilities.
Property Tax Rates Across Avon By The Sea, Monmouth County, New Jersey
Source: Ownwell
0.41%
1.58%
2.75%
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 Avon By The Sea Tax Rate
0.85%
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 County Tax Rate
1.64%
Median Effective New Jersey Tax Rate
2.88%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Avon By The Sea, Monmouth County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 07717 | 0.85% | 0.85% | 0.85% | 1.41% | 1.52% |
Source: Ownwell
Property Tax Assessment Values Across Avon By The Sea, Monmouth County, New Jersey
When examining property taxes in Avon by the Sea, 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 Monmouth 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 Monmouth 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 Avon by the Sea. For example, the median home price in Avon by the Sea is $1,244,650, with tax bills ranging significantly across the county. Zip code 07717 has the highest median home price at $1,244,650.
Property Tax Assessment Values Across Avon By The Sea, Monmouth County, New Jersey
Source: Ownwell
$306,400
$1,667,525
$3,028,650
Median Avon By The Sea Market Value
$982,200
Median Monmouth County Market Value
$565,900
Median New Jersey Market Value
$288,200
Median United States Market Value
$235,294
Property Tax Assessment Values Across Avon By The Sea, Monmouth County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 07717 | $405,300 | $593,600 | $982,200 | $1,553,100 | $2,238,500 |
Source: Ownwell
Property Tax Bills Across Avon By The Sea, Monmouth County, New Jersey
Property Tax Bills Across Avon By The Sea, Monmouth County, New Jersey
Source: Ownwell
$5,580
$12,512
$19,444
Median Avon By The Sea Tax Bill
$10,186
Median Monmouth County Tax Bill
$9,498
Median New Jersey Tax Bill
$8,638
Median United States Tax Bill
$2,400
Property Tax Bills Across Avon By The Sea, Monmouth County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 07717 | $4,764 | $7,346 | $10,186 | $13,887 | $19,472 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | January 15 |
Links | |
|---|---|
| Monmouth Tax Assessor | |
| Website | oprs.co.monmouth.nj.us |