Lincroft, Monmouth County, New Jersey Property Taxes
Median Lincroft, NJ effective property tax rate: 1.90%, significantly higher than the national median of 1.02%, but lower than the New Jersey state median of 2.82%.
Median Lincroft, NJ home value: $644,900
Median annual Lincroft, NJ tax bill: $11,979, $9,579 higher than the national median property tax bill of $2,400.
How are property taxes in Monmouth calculated?
Property taxes in Lincroft, 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 Lincroft’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Lincroft, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Lincroft, Monmouth County, New Jersey Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.9%
Estimate Property Tax Bill
$12,253
$11,371
Ownwell’s Lincroft Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Lincroft with just two data points.
By entering your property's estimated assessed value, our calculator applies Lincroft’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 Lincroft, 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 Lincroft’s effective property tax rate to other cities in New Jersey and the median property tax rates in New Jersey and the U.S.
In Lincroft, located in Monmouth County, the property tax rate is 1.90%, which is significantly higher than the national median of 1.02%. This places a substantial burden on property owners in the area, especially when compared to the national median property tax bill of $2,400. Such high rates can be attributed to the county's budgetary requirements and the value of taxable property. Comparing Lincroft's rate to other cities in New Jersey, it remains consistent, as the state itself has some of the highest property tax rates in the nation.
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 Lincroft Tax Rate
1.90%
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 Lincroft, Monmouth County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 07738 | 1.75% | 1.83% | 1.90% | 1.93% | 1.99% |
Source: Ownwell
Property Tax Assessment Values Across Lincroft, Monmouth County, New Jersey
When examining property taxes in Lincroft, 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 Tax Assessor's Office 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 April. 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 Lincroft.
For example, the median home price in Lincroft is $644,900, with tax bills ranging significantly across the county. ZIP code 07738 has the highest median home price at $644,900.
Property Tax Assessment Values Across Lincroft, Monmouth County, New Jersey
Source: Ownwell
$230,800
$1,235,100
$2,239,400
Median Lincroft Market Value
$644,900
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 Lincroft, Monmouth County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 07738 | $440,500 | $520,500 | $644,900 | $759,100 | $963,740 |
Source: Ownwell
Property Tax Bills Across Lincroft, Monmouth County, New Jersey
In Lincroft, Monmouth County, NJ, property tax bills are determined by the assessed value of a home and the local tax rate. With a median home price of $644,900, the area has one of the highest property tax burdens, reflected in a median tax bill of $11,979. This is significantly higher than the national median property tax bill of $2,400, highlighting the financial impact on homeowners. Factors influencing the tax bill include the assessed value, which may not always align with market value, and local government budget requirements. Homeowners in Lincroft face tax bills ranging from $9,820 at the 25th percentile to $17,730 at the 90th percentile, indicating a broad spectrum of potential tax liabilities.
Ownwell can assist homeowners in reducing their property tax bills by providing expert property tax appeal and exemption services. By reviewing assessments and identifying discrepancies, Ownwell helps ensure homeowners are not overpaying, potentially saving them thousands annually. With professional guidance, homeowners can navigate the complex property tax landscape more effectively.
Median Lincroft Tax Bill
$11,979
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 Lincroft, Monmouth County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 07738 | $8,409 | $9,820 | $11,979 | $14,229 | $17,730 |
Source: Ownwell