Boonton Twp, Morris County, New Jersey Property Taxes
Property Taxes in Boonton Twp, New Jersey
Median Boonton Twp, New Jersey effective property tax rate: 2.48%, significantly lower than the national median of 1.02%, and lower than the New Jersey state median of 2.88%.
Median Boonton Twp, New Jersey home value: $396,900
Median annual Boonton Twp, New Jersey tax bill: $9,831, higher by $7,431 than the national median property tax bill of $2,400.
How are property taxes in Morris calculated?
Property taxes in Boonton Twp, 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 Boonton Twp's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Boonton Twp, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Boonton Twp, Morris County, New Jersey Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
2.48%
Estimate Property Tax Bill
$9,843
$9,134
How Does the Boonton Twp Property Tax Calculator Work?
Use this Boonton Twp property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Boonton Twp's median effective tax rate of 2.48% — based on actual property records in Morris County — to generate your estimate.
Enter your property's estimated assessed value — the figure local assessors use to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Boonton Twp's 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 Boonton Twp: rates range from local differences in school district levies and assessment districts, which can affect your final tax bill. Boonton Twp's median property tax bill of $9,831 is far above the national median property tax bill of $2,400, and the 2.48% rate is also higher than the national median property tax rate of 1.02%.
For a more precise estimate, scroll down to explore ZIP code-level tax rate trends across Boonton Twp.
About Boonton Twp Property Taxes
About Property Taxes in Boonton Twp, Morris, New Jersey
Boonton Twp’s median effective property tax rate of 2.48% is lower than the New Jersey state median of 2.88% and higher than the national median of 1.02%. This rate reflects the Morris County base levy combined with local school district levies and special assessment districts that vary by subdivision throughout the township.
Property tax rates are not uniform across Boonton Twp. Homeowners here face a median property tax bill of $9,831, which is higher than the national median property tax bill of $2,400. The 75th percentile tax bill reaches $22,439, showing how much bills can vary depending on location and assessed value.
Boonton Twp homeowners who believe their assessed value is too high can file a formal appeal with the Tax Assessor after receiving their notice in February, with the deadline set for April 1, 2026.
If your estimated bill 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 Boonton Twp, Morris 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 Boonton Twp'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 Boonton Twp Tax Rate
2.48%
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 Morris County Tax Rate
2.60%
Median Effective New Jersey Tax Rate
2.88%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Boonton Twp, Morris County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 07005 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across Boonton Twp, Morris County, New Jersey
When examining property taxes in Boonton Twp, 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 Morris County 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 Morris County, assessment notices are sent in the spring each year. They'll typically reach your mailbox by the middle of February.
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 Boonton Twp.
For example, the median home price in Boonton Twp is $396,900, with tax bills ranging significantly across the county. The median tax bill is $9,831, compared with the national median property tax rate of 1.02% and the national median property tax bill of $2,400.
Property Tax Assessment Values Across Boonton Twp, Morris County, New Jersey
Source: Ownwell
$222,300
$851,800
$1,481,300
Median Boonton Twp Market Value
$396,900
Median Morris County Market Value
$411,600
Median New Jersey Market Value
$288,200
Median United States Market Value
$235,294
Property Tax Assessment Values Across Boonton Twp, Morris County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 07005 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Boonton Twp, Morris County, New Jersey
How Are Property Tax Bills Calculated in Boonton Twp?
Property tax bills in Boonton Twp are based on the assessed value of a home and the local tax rate set by taxing authorities. When a property’s assessed value rises, the tax bill can increase even if the homeowner has not made any changes to the home. For homes in this area, the median home price is $396,900, and property tax bills are often far above the national median property tax bill of $2,400.
Several factors affect the final bill, including the home’s assessed market value, local school budgets, municipal spending, county taxes, and any special district levies. Because these costs are combined into one bill, homeowners can see large differences from one property to another, even within the same neighborhood.
In Boonton Twp, the 25th percentile tax bill is $9,259, while the 75th percentile is $22,439 and the 90th percentile reaches $30,004. That means property taxes can represent a major ongoing expense for homeowners and can have a significant impact on affordability.
Median Boonton Twp Tax Bill
$9,831
Median Morris County Tax Bill
$10,340
Median New Jersey Tax Bill
$8,638
Median United States Tax Bill
$2,400
Property Tax Bills Across Boonton Twp, Morris County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 07005 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | April 1 |
Links | |
|---|---|
| Morris Tax Assessor | |
| Website | mcweb1.co.morris.nj.us |