Property Taxes in Cliffwood, New Jersey
Median Cliffwood, New Jersey effective property tax rate: 1.93%, significantly lower than the national median of 1.02%, and lower than the New Jersey state median of 2.88%.
Median Cliffwood, New Jersey home value: $387,950
Median annual Cliffwood, New Jersey tax bill: $7,382, $4,982 higher than the national median property tax bill of $2,400.
How are property taxes in Monmouth calculated?
Property taxes in Cliffwood, 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 Cliffwood's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Cliffwood, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
How Does the Cliffwood Property Tax Calculator Work?
Use this Cliffwood property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Cliffwood's median effective tax rate of 1.93% — based on actual property records in Monmouth 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 Cliffwood'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 Cliffwood: rates range from 1.93% in 07721 to 1.93% in 07721, 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 Cliffwood.
About Cliffwood Property Taxes
About Property Taxes in Cliffwood, Monmouth, New Jersey
Cliffwood’s median effective property tax rate of 1.93% is higher 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 Cliffwood. Homeowners in the 07721 ZIP code carry a median effective rate of 1.93%, while those in the same ZIP code pay 1.93%. This spread — 0.00 percentage points across the same city — reflects how school district boundaries and local assessment districts are drawn across Monmouth County. Understanding which part of Cliffwood you live in can make a meaningful difference to your annual tax bill.
Cliffwood 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 Cliffwood, 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 Cliffwood'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 Cliffwood Tax Rate
1.93%
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 Cliffwood, Monmouth County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 07721 | 1.71% | 1.86% | 1.93% | 1.99% | 2.05% |
Source: Ownwell
Property Tax Assessment Values Across Cliffwood, Monmouth County, New Jersey
When examining property taxes in Cliffwood, 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 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 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 Cliffwood, the median home price is $387,950, and the median tax bill is $7,382, compared with the national median property tax rate of 1.02% and national median property tax bill of $2,400. The highest median home price is in 07721 at $387,950.
Property Tax Assessment Values Across Cliffwood, Monmouth County, New Jersey
Source: Ownwell
$306,400
$1,667,525
$3,028,650
Median Cliffwood Market Value
$387,950
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 Cliffwood, Monmouth County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 07721 | $166,100 | $282,700 | $387,950 | $476,400 | $556,500 |
Source: Ownwell
Property Tax Bills Across Cliffwood, Monmouth County, New Jersey
Property tax bills in Cliffwood are calculated by applying the local tax rate to a home’s assessed value, which is based on the market value of the property. For homeowners, the assessed value is the starting point for determining how much tax is owed each year. In Monmouth County, the median home price is $387,950, and the median tax bill in the area is $7,382, which is well above the national median property tax bill of $2,400 and the national median property tax rate of 1.02%.
Several factors affect the final bill, including the home’s assessed value, local budgets, and the tax rates set by local governments and school districts. Because property taxes are tied to assessed value, homeowners with higher-valued homes often face larger bills. In Cliffwood, tax bills can be substantial, with many homeowners paying between $4,755 and $9,414, and some reaching $10,734. These costs can have a major impact on household budgets and long-term affordability.
Median Cliffwood Tax Bill
$7,382
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 Cliffwood, Monmouth County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 07721 | $3,094 | $4,755 | $7,382 | $9,414 | $10,734 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | January 15 |
Links | |
|---|---|
| Monmouth Tax Assessor | |
| Website | oprs.co.monmouth.nj.us |