Mendham Township, Morris County, New Jersey Property Taxes

Name: Property Tax Bills Across Mendham Township, Morris County, New Jersey
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Mendham Township, NJ effective property tax rate: 1.91%, significantly higher than the national median of 1.02%, but lower than the New Jersey state median of 2.82%.
Median Mendham Township, NJ home value: $687,250
Median annual Mendham Township, NJ tax bill: $13,185, $10,785 higher than the national median property tax bill of $2,400.

How are property taxes in Morris calculated?

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

Last Updated March 1, 2025

Mendham Township, Morris County, New Jersey Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.91%

Estimate Property Tax Bill

$13,126

$12,181

Ownwell’s Mendham Township Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Mendham Township with just two data points. By entering your property's estimated assessed value, our calculator applies Mendham Township’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 Morris County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Mendham Township, Morris County, New Jersey

Local government entities in Mendham Township, located in Morris County, NJ, set property tax rates that can differ significantly within the state. This variation arises because each county annually calculates its necessary budget for providing services and divides that by the total value of all taxable properties within its jurisdiction. The result is the property tax rate. Although votes and regulations play a role in determining tax rates and budgets, this is essentially the yearly procedure. Mendham Township's effective property tax rate can be compared to other cities in New Jersey, as well as the state's median and the national median. With New Jersey's median property tax rate being considerably higher than the national median of 1.02%, the state is known for its hefty property tax bills. Mendham Township's rate reflects this trend, making it crucial for property owners to be aware of their tax obligations and explore potential appeals or exemptions. Understanding these rates and how they compare can help residents make informed decisions about their property taxes.

Property Tax Rates Across Mendham Township, Morris County, New Jersey

Source: Ownwell

1.11%

2.23%

3.36%

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 Mendham Township Tax Rate

1.91%

Median Effective Morris County Tax Rate

2.63%

Median Effective New Jersey Tax Rate

2.82%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Mendham Township, Morris County, New Jersey

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
07945	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Mendham Township, Morris County, New Jersey

When examining property taxes in Mendham Township, 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 Morris 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 Morris County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of March. 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 Mendham Township. For example, the median home price in Mendham Township is $687,250, with tax bills ranging significantly across the county.

Property Tax Assessment Values Across Mendham Township, Morris County, New Jersey

Source: Ownwell

$215,900

$831,650

$1,447,400

Median Mendham Township Market Value

$687,250

Median Morris County Market Value

$381,800

Median New Jersey Market Value

$282,900

Median United States Market Value

$235,294

Property Tax Assessment Values Across Mendham Township, Morris County, New Jersey

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
07945	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Mendham Township, Morris County, New Jersey

In Mendham Township, NJ, property tax bills are calculated based on the assessed value of a home and the local tax rate set by Morris County. With a median home price of $687,250, homeowners in this area face tax bills that can be significantly higher than the national average. The local tax bill ranges from $11,937 at the 25th percentile to $21,306 at the 90th percentile, highlighting the substantial financial obligation for property owners. These figures are notably above the national median property tax bill of $2,400, making it crucial for homeowners to ensure their assessments are accurate.

Factors influencing the tax bill include the property's assessed value, local tax rates, and any applicable exemptions. An over-assessment can lead to unnecessarily high taxes, impacting household budgets. Ownwell assists homeowners by providing expert property tax appeal services, ensuring assessments are fair and accurate. With a deep understanding of local tax laws, Ownwell can help identify potential savings and guide homeowners through the appeal process, ultimately reducing their property tax burden.

Property Tax Bills Across Mendham Township, Morris County, New Jersey

Source: Ownwell

$5,771

$14,730

$23,689

Median Mendham Township Tax Bill

$13,185

Median Morris County Tax Bill

$9,778

Median New Jersey Tax Bill

$8,227

Median United States Tax Bill

$2,400

Property Tax Bills Across Mendham Township, Morris County, New Jersey

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
07945	N/A	N/A	N/A	N/A	N/A

Source: Ownwell