Englishtown, Monmouth County, New Jersey Property Taxes
Median Englishtown, NJ effective property tax rate: 2.09%, significantly higher than the national median of 1.02%, but lower than the New Jersey state median of 2.82%.
Median Englishtown, NJ home value: $351,500
Median annual Englishtown, NJ tax bill: $6,984, $4,584 higher than the national median property tax bill of $2,400.
How are property taxes in Monmouth County calculated?
Property taxes in Englishtown, 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 Englishtown’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Englishtown, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Englishtown, Monmouth County, New Jersey Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
2.09%
Estimate Property Tax Bill
$7,346
$6,817
Property Tax Rates Across Englishtown, Monmouth County, New Jersey
Local government entities set tax rates, and these can vary significantly within a state. Annually, each county calculates its required budget to provide essential services and divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. While votes and laws play a role in setting these rates and budgets, this is the fundamental process.
In Englishtown, located in Monmouth County, the effective property tax rate is 2.09%. This rate is higher than the national median property tax rate of 1.02%. Comparing Englishtown's rate to the national average highlights the significant variation in property tax rates across different regions. The median property tax bill in the U.S. is $2,400, which can be quite different from what residents in Englishtown might experience due to the higher local tax rate. Understanding these differences can help property owners make informed decisions about appealing their property taxes or seeking exemptions. By comparing Englishtown’s effective property tax rate to other cities in New Jersey and the national median, residents can gain a clearer perspective on where they stand in terms of property tax obligations.
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 Englishtown Tax Rate
2.09%
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
1.86%
Median Effective New Jersey Tax Rate
2.82%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Englishtown, Monmouth County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 07726 | 1.76% | 1.89% | 2.09% | 2.34% | 2.34% |
Source: Ownwell
Property Tax Assessment Values Across Englishtown, Monmouth County, New Jersey
When examining property taxes in Englishtown, 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 May. 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 Englishtown.
For example, the median home price in Englishtown is $351,500, with tax bills ranging significantly across the county. Zip code 07726 has the highest median home price at $351,500.
Property Tax Assessment Values Across Englishtown, Monmouth County, New Jersey
Source: Ownwell
$230,800
$1,235,100
$2,239,400
Median Englishtown Market Value
$351,500
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 Englishtown, Monmouth County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 07726 | $133,280 | $201,900 | $351,500 | $491,400 | $615,420 |
Source: Ownwell
Property Tax Bills Across Englishtown, Monmouth County, New Jersey
Property Tax Bills Across Englishtown, Monmouth County, New Jersey
Source: Ownwell
$5,432
$12,230
$19,028
Median Englishtown Tax Bill
$6,984
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 Englishtown, Monmouth County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 07726 | $3,166 | $4,574 | $6,984 | $10,447 | $12,446 |
Source: Ownwell