Union Beach, Monmouth County, New Jersey Property Taxes

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

Median Union Beach, NJ effective property tax rate: 2.18%, significantly higher than the national median of 1.02%, but lower than the New Jersey state median of 2.82%.
Median Union Beach, NJ home value: $330,200
Median annual Union Beach, NJ tax bill: $6,992, $4,592 higher than the national median property tax bill of $2,400.

How are property taxes in Monmouth County calculated?

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

Last Updated March 1, 2025

Union Beach, Monmouth County, New Jersey Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.18%

Estimate Property Tax Bill

$7,198

$6,680

Ownwell’s Union Beach Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Union Beach with just two data points.

By entering your property's estimated assessed value, our calculator applies Union Beach’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 Union Beach, Monmouth County, New Jersey

Local government entities set tax rates, which can vary widely within a state. Each county annually estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction, resulting 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. Union Beach in Monmouth County, NJ, stands out with its effective property tax rate of 2.18%. This is significantly higher than the national median property tax rate of 1.02%. The property tax rate in Union Beach is not only among the highest in New Jersey but also reflects the state's reputation for having some of the highest property taxes in the nation. Despite this, Union Beach offers residents a unique blend of small-town charm and proximity to larger urban areas. Comparing Union Beach’s tax rate to other cities in New Jersey and the national median provides valuable insight for homeowners and potential buyers considering the financial implications of property ownership in this region.

Property Tax Rates Across Union Beach, 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 Union Beach Tax Rate

2.18%

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 Union Beach, Monmouth County, New Jersey

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
07735	1.96%	2.07%	2.18%	2.21%	2.24%

Source: Ownwell

Property Tax Assessment Values Across Union Beach, Monmouth County, New Jersey

When examining property taxes in Union Beach, 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 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 Union Beach.

For example, the median home price in Union Beach is $330,200, with tax bills ranging significantly across the county. 07735 has the highest median home price at $330,200.

Property Tax Assessment Values Across Union Beach, Monmouth County, New Jersey

Source: Ownwell

$230,800

$1,235,100

$2,239,400

Median Union Beach Market Value

$330,200

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 Union Beach, Monmouth County, New Jersey

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
07735	$228,640	$275,000	$330,200	$395,400	$471,200

Source: Ownwell

Property Tax Bills Across Union Beach, Monmouth County, New Jersey

In Union Beach, Monmouth County, NJ, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. Homeowners in this region face a median tax bill of $6,992, significantly higher than the national median of $2,400. This discrepancy is largely due to the local tax rate applied to property values, which can vary significantly from the national median rate of 1.02%. Factors such as local government budgets, school district funding, and infrastructure needs play a crucial role in determining the tax rate. Consequently, homeowners may find their tax bills to be a substantial financial burden, especially when they fall within the 75th percentile, facing bills around $8,448, or even the 90th percentile at $10,200.

Ownwell can assist homeowners by offering services to appeal property tax assessments and identify potential exemptions. By leveraging their expertise, homeowners can potentially reduce their tax liabilities, ensuring they pay only their fair share and alleviating some of the financial strain associated with high property taxes.

Property Tax Bills Across Union Beach, Monmouth County, New Jersey

Source: Ownwell

$5,432

$12,230

$19,028

Median Union Beach Tax Bill

$6,992

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 Union Beach, Monmouth County, New Jersey

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
07735	$4,589	$5,750	$6,992	$8,448	$10,200

Source: Ownwell