Property Taxes in Highlands, New Jersey
Median Highlands, New Jersey effective property tax rate: 1.89%, significantly lower than the national median of 1.02%, and lower than the New Jersey state median of 2.88%.
Median Highlands, New Jersey home value: $414,850
Median annual Highlands, New Jersey tax bill: $7,729, higher than the national median property tax bill of $2,400.
How are property taxes in Monmouth calculated?
Property taxes in Highlands, 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 Highlands's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Highlands, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
How Does the Highlands Property Tax Calculator Work?
Use this Highlands property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Highlands' median effective tax rate of 1.89% — based on actual property records in Monmouth County — to generate your estimate.
Enter your property's estimated assessed value — the figure used to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Highlands' 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 Highlands: rates range from 1.89% in 07732 to 1.89% in 07732, 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 Highlands.
About Highlands Property Taxes
About Property Taxes in Highlands, Monmouth, New Jersey
Highlands’s median effective property tax rate of 1.89% 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 Highlands. Homeowners in ZIP code 07732 carry a median effective rate of 1.89%, while those in the same ZIP code also pay 1.89%. This reflects how school district boundaries and local assessment districts are drawn across Monmouth County. Understanding where you live in Highlands can make a meaningful difference to your annual tax bill.
Highlands 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 Highlands, 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 Highlands'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 Highlands Tax Rate
1.89%
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 Highlands, Monmouth County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 07732 | 1.73% | 1.83% | 1.89% | 1.98% | 1.99% |
Source: Ownwell
Property Tax Assessment Values Across Highlands, Monmouth County, New Jersey
When examining property taxes in Highlands, 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. 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 Highlands.
For example, the median home price in Highlands is $414,850, with tax bills ranging significantly across the county. 07732 has the highest median home price at $414,850.
Property Tax Assessment Values Across Highlands, Monmouth County, New Jersey
Source: Ownwell
$306,400
$1,667,525
$3,028,650
Median Highlands Market Value
$414,850
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 Highlands, Monmouth County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 07732 | $236,300 | $315,500 | $414,850 | $559,775 | $725,100 |
Source: Ownwell
Property Tax Bills Across Highlands, Monmouth County, New Jersey
Property tax bills in Highlands are based on the assessed value of a home, not its market price alone. Local tax rates are applied to that assessment to determine the amount owed, and the bill can change when property values or local budgets change. In Monmouth County, the median home price is $414,850, which helps show the level of value being taxed.
For many homeowners, the result is a bill that sits well above the national median property tax bill of $2,400. In Highlands, the median tax bill is $7,729, with the 25th percentile at $5,884 and the 75th percentile at $10,597. The 90th percentile reaches $13,146, showing how quickly costs can rise for higher-valued homes.
This means property taxes can have a major impact on monthly housing costs and long-term affordability. Homeowners in Highlands should understand that even a small change in assessed value can affect the final bill.
Median Highlands Tax Bill
$7,729
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 Highlands, Monmouth County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 07732 | $4,645 | $5,884 | $7,729 | $10,597 | $13,146 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | January 15 |
Links | |
|---|---|
| Monmouth Tax Assessor | |
| Website | oprs.co.monmouth.nj.us |