Eatontown, Monmouth County, New Jersey Property Taxes

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

Median Eatontown, NJ effective property tax rate: 1.95%, significantly higher than the national median of 1.02%, but lower than the New Jersey state median of 2.82%.
Median Eatontown, NJ home value: $395,900
Median annual Eatontown, NJ tax bill: $7,637, $5,237 higher than the national median property tax bill of $2,400.

How are property taxes in Monmouth County calculated?

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

Last Updated March 1, 2025

Eatontown, Monmouth County, New Jersey Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.95%

Estimate Property Tax Bill

$7,720

$7,164

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

Property Tax Rates Across Eatontown, Monmouth County, New Jersey

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

Eatontown, located in Monmouth County, has a median property tax rate of 1.95%, which stands above the national median of 1.02%. This higher rate reflects the county's budgetary needs and property value assessments. The tax rate in Eatontown is consistent across the area, with the same rate found in zip code 07724. By comparison, New Jersey's overall property tax rates tend to be higher than the national average, which can be attributed to the state's dense population and demand for public services. Property owners in Eatontown should consider these factors when evaluating potential tax savings through appeals or exemptions.

Property Tax Rates Across Eatontown, Monmouth County, New Jersey

Source: Ownwell

0.60%

1.69%

2.77%

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 Eatontown Tax Rate

1.95%

Median Effective Monmouth County Tax Rate

1.86%

Median Effective New Jersey Tax Rate

2.82%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Eatontown, Monmouth County, New Jersey

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
07724	1.67%	1.80%	1.95%	2.06%	2.14%

Source: Ownwell

Property Tax Assessment Values Across Eatontown, Monmouth County, New Jersey

When examining property taxes in Eatontown, 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. Assessment notices: In Monmouth County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of March. 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 Eatontown. For example, the median home price in Eatontown is $395,900, with tax bills ranging significantly across the county. 07724 has the highest median home price at $395,900.

Property Tax Assessment Values Across Eatontown, Monmouth County, New Jersey

Source: Ownwell

$230,800

$1,235,100

$2,239,400

Median Eatontown Market Value

$395,900

Median Monmouth County Market Value

$467,900

Median New Jersey Market Value

$282,900

Median United States Market Value

$235,294

Property Tax Assessment Values Across Eatontown, Monmouth County, New Jersey

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
07724	$252,510	$320,700	$395,900	$489,600	$626,060

Source: Ownwell

Property Tax Bills Across Eatontown, Monmouth County, New Jersey

In Eatontown, NJ, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The property tax rate in Monmouth County is applied to this assessed value to calculate the annual tax bill. Factors such as the size of the property, location, and market conditions can influence the assessed value. With a median home price of $395,900, homeowners in Eatontown face significant property tax bills, with the median tax bill reaching $7,637. This is considerably higher than the national median property tax bill of $2,400. Homeowners at the 25th percentile pay around $6,189, while those at the 90th percentile pay up to $11,966. These high tax bills can pose a financial burden on homeowners. Ownwell offers property tax appeal and exemption services, helping homeowners reduce their tax liabilities. By analyzing assessment records and market data, Ownwell identifies opportunities for tax savings, ensuring that homeowners pay a fair amount based on their property's true market value.

Property Tax Bills Across Eatontown, Monmouth County, New Jersey

Source: Ownwell

$5,432

$12,230

$19,028

Median Eatontown Tax Bill

$7,637

Median Monmouth County Tax Bill

$8,714

Median New Jersey Tax Bill

$8,227

Median United States Tax Bill

$2,400

Property Tax Bills Across Eatontown, Monmouth County, New Jersey

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
07724	$4,986	$6,189	$7,637	$9,506	$11,966

Source: Ownwell