Property Taxes in Belford, New Jersey
Median Belford, New Jersey effective property tax rate: 1.56%, significantly higher than the national median of 1.02%, and lower than the New Jersey state median of 2.88%.
Median Belford, New Jersey home value: $496,700
Median annual Belford, New Jersey tax bill: $7,665, higher than the national median property tax bill of $2,400.
How are property taxes in Monmouth calculated?
Property taxes in Belford, 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 Belford's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Belford, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
How Does the Belford Property Tax Calculator Work?
Use this Belford property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Belford's median effective tax rate of 1.56% — based on actual property records in Monmouth 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 Belford'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 Belford: rates are 1.56% in 07718, with no variation shown in the available data.
For a more precise estimate, scroll down to explore ZIP code-level tax rate trends across Belford.
About Belford Property Taxes
About Property Taxes in Belford, Monmouth, New Jersey
Belford's median effective property tax rate of 1.56% is lower than the New Jersey state median of 2.88% and higher than the national median of 1.02%. This rate reflects the Monmouth 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 Belford. Homeowners in the 07718 ZIP code carry a median effective rate of 1.56%, while those in the lowest ZIP pay 1.56%. This spread — 0 percentage points across the same city — reflects how school district boundaries and local assessment districts are drawn across Monmouth County. Understanding which part of Belford you live in can make a meaningful difference to your annual tax bill.
Belford 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 Belford, Monmouth 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 Belford's effective property tax rate to other cities in New Jersey and the median property tax rates in New Jersey and the U.S.
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 Belford Tax Rate
1.56%
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
1.27%
Property Tax Rates Across Belford, Monmouth County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 07718 | 1.39% | 1.49% | 1.56% | 1.67% | 1.73% |
Source: Ownwell
Property Tax Assessment Values Across Belford, Monmouth County, New Jersey
When examining property taxes in Belford, 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 Monmouth 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 Monmouth County, assessment notices are sent in the spring each year. They'll typically reach your mailbox by the middle of November.
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. For Belford, the median home price is $496,700, and the median tax bill is $7,665, which is well above the national median property tax bill of $2,400. The county’s tax bills range from $6,728 at the 25th percentile to $10,572 at the 90th percentile, showing how property taxes in Belford can vary significantly.
Property Tax Assessment Values Across Belford, Monmouth County, New Jersey
Source: Ownwell
$306,400
$1,667,525
$3,028,650
Median Belford Market Value
$496,700
Median Monmouth County Market Value
$565,900
Median New Jersey Market Value
$288,200
Median United States Market Value
$274,101
Property Tax Assessment Values Across Belford, Monmouth County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 07718 | $356,020 | $429,200 | $496,700 | $572,800 | $665,280 |
Source: Ownwell
Property Tax Bills Across Belford, Monmouth County, New Jersey
Property tax bills in Belford are calculated by applying the local tax rate to a home’s assessed value, which is based on its market value. For a home with a median price of $496,700, that assessment can lead to a substantial annual bill, especially when local rates are high. The final amount depends on the property’s value, the tax rate set by local governments, and any exemptions or adjustments that may apply.
In Belford, property tax bills are well above the national median property tax bill of $2,400. The 25th percentile bill is $6,728, while the 75th percentile reaches $8,918 and the 90th percentile climbs to $10,572. The median tax bill in ZIP code 07718 is $7,665. For homeowners, this means property taxes can have a major impact on monthly housing costs and long-term affordability.
Median Belford Tax Bill
$7,665
Median Monmouth County Tax Bill
$9,498
Median New Jersey Tax Bill
$8,638
Median United States Tax Bill
$3,209
Property Tax Bills Across Belford, Monmouth County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 07718 | $5,518 | $6,728 | $7,665 | $8,918 | $10,572 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | January 15 |
Links | |
|---|---|
| Monmouth Tax Assessor | |
| Website | oprs.co.monmouth.nj.us |