Millington, Morris County, New Jersey Property Taxes

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

Median Millington, NJ effective property tax rate: 2.24%, significantly higher than the national median of 1.02%, but lower than the New Jersey state median of 2.82%. Median Millington, NJ home value: $562,150. Median annual Millington, NJ tax bill: $12,438, $10,038 higher than the national median property tax bill of $2,400.

How are property taxes in Morris calculated?

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

Last Updated March 1, 2025

Millington, Morris County, New Jersey Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.19%

Estimate Property Tax Bill

$13,081

$12,139

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

By entering your property's estimated assessed value, our calculator applies Millington’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 Millington, Morris 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 Millington’s effective property tax rate to other cities in New Jersey and the median property tax rates in New Jersey and the U.S. Millington, located in Morris County, has a median property tax rate of 2.24%. This rate is significantly higher than the national median property tax rate of 1.02%. In fact, Millington's rate is among the highest in the state, matching the highest observed rate in New Jersey. This stark contrast highlights the variance in property tax burdens across different regions. For property owners in Millington, understanding these rates can be crucial for managing expenses and exploring potential appeals or exemptions to alleviate the financial load.

Property Tax Rates Across Millington, Morris County, New Jersey

Source: Ownwell

1.16%

2.30%

3.45%

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 Millington Tax Rate

2.19%

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 Millington, Morris County, New Jersey

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
07946	2.11%	2.19%	2.19%	2.20%	2.20%

Source: Ownwell

Property Tax Assessment Values Across Millington, Morris County, New Jersey

When examining property taxes in Millington, 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 tax authority 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 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 Millington. For example, the median home price in Millington is $562,150, with tax bills ranging significantly across the county. Zip code 07946 has the highest median home price at $562,150.

Property Tax Assessment Values Across Millington, Morris County, New Jersey

Source: Ownwell

$222,300

$851,800

$1,481,300

Median Millington Market Value

$597,300

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 Millington, Morris County, New Jersey

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
07946	$438,100	$507,300	$597,300	$770,300	$894,150

Source: Ownwell

Property Tax Bills Across Millington, Morris County, New Jersey

In Millington, located in Morris County, NJ, property tax bills are calculated based on the assessed value of a homeowner's property. This assessment considers factors such as the property's market value, location, and any improvements made. The local tax rate is then applied to this assessed value to determine the final tax bill. Homeowners in this area face significant property tax bills, with the median tax bill reaching $12,438, notably higher than the national median of $2,400. This places a considerable financial burden on homeowners, especially when compared to the national median property tax rate of 1.02%.

Ownwell offers a solution to help homeowners in Millington save on their property tax bills. By providing expert property tax appeal and exemption services, we ensure that homeowners are not overpaying. Our team reviews property assessments and identifies opportunities for reductions, potentially saving homeowners thousands of dollars. With our assistance, Millington residents can achieve a fair property tax bill, easing their financial burden while ensuring compliance with local tax regulations.

Property Tax Bills Across Millington, Morris County, New Jersey

Source: Ownwell

$6,529

$15,270

$24,010

Median Millington Tax Bill

$12,928

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 Millington, Morris County, New Jersey

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
07946	$9,593	$11,060	$12,928	$16,767	$19,574

Source: Ownwell