Beachwood, Ocean County, New Jersey Property Taxes

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

Median Beachwood, NJ effective property tax rate: 2.65%, significantly higher than the national median of 1.02%, but lower than the New Jersey state median of 2.82%.
Median Beachwood, NJ home value: $196,300
Median annual Beachwood, NJ tax bill: $5,004, $2,604 higher than the national median property tax bill of $2,400.

How are property taxes in Ocean County calculated?

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

Last Updated March 1, 2025

Beachwood, Ocean County, New Jersey Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.65%

Estimate Property Tax Bill

$5,202

$4,827

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

Property Tax Rates Across Beachwood, Ocean County, New Jersey

Local government entities determine tax rates, which can vary significantly within a state. Each year, counties like Ocean in New Jersey calculate their required budget to maintain services and divide it by the total value of all taxable property within their jurisdiction. This calculation determines the property tax rate. Although votes and regulations play a role in setting these rates and budgets, this is essentially the annual procedure.

Beachwood in Ocean County, NJ, has an effective property tax rate of 2.65%, which is notably higher than the national median property tax rate of 1.02%. This rate underscores the variance in tax rates across different regions and highlights the importance of understanding local tax obligations. Comparing Beachwood’s rate to other cities within New Jersey and the national median provides valuable insight for property owners. With New Jersey's tax rates among the highest in the nation, property owners in Beachwood should be proactive in understanding their tax assessments and exploring potential exemptions or appeals to manage their tax burden effectively.

Property Tax Rates Across Beachwood, Ocean County, New Jersey

Source: Ownwell

0.83%

2.04%

3.25%

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 Beachwood Tax Rate

2.65%

Median Effective Ocean County Tax Rate

2.26%

Median Effective New Jersey Tax Rate

2.82%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Beachwood, Ocean County, New Jersey

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
08722	2.18%	2.57%	2.65%	2.65%	2.65%

Source: Ownwell

Property Tax Assessment Values Across Beachwood, Ocean County, New Jersey

When examining property taxes in Beachwood, 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 Ocean 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 Ocean 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 Beachwood. For example, the median home price in Beachwood is $196,300, with tax bills ranging significantly across the county. ZIP code 08722 has the highest median home price at $196,300.

Property Tax Assessment Values Across Beachwood, Ocean County, New Jersey

Source: Ownwell

$88,700

$589,800

$1,090,900

Median Beachwood Market Value

$196,300

Median Ocean County Market Value

$281,800

Median New Jersey Market Value

$282,900

Median United States Market Value

$235,294

Property Tax Assessment Values Across Beachwood, Ocean County, New Jersey

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
08722	$154,700	$173,500	$196,300	$225,700	$272,600

Source: Ownwell

Property Tax Bills Across Beachwood, Ocean County, New Jersey

In Beachwood, located in Ocean County, NJ, property tax bills are calculated based on the assessed value of a home and the local tax rate. The median home price in the area is $196,300, and homeowners face a median property tax bill of $5,004, which is significantly higher than the national median of $2,400. The tax bill can vary, with the 25th percentile at $4,304 and the 75th percentile at $5,833, indicating a range of tax burdens depending on property value and location. Factors like property size, location, and market conditions can influence these assessed values, thus affecting the overall tax bill for homeowners. With such high property tax rates, homeowners in Beachwood might feel the financial strain. This is where Ownwell can make a difference. By providing expert property tax appeal and exemption services, Ownwell helps homeowners potentially lower their tax bills, ensuring they pay only their fair share and easing the financial burden.

Property Tax Bills Across Beachwood, Ocean County, New Jersey

Source: Ownwell

$1,922

$9,935

$17,948

Median Beachwood Tax Bill

$5,004

Median Ocean County Tax Bill

$5,983

Median New Jersey Tax Bill

$8,227

Median United States Tax Bill

$2,400

Property Tax Bills Across Beachwood, Ocean County, New Jersey

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
08722	$3,775	$4,304	$5,004	$5,833	$7,075

Source: Ownwell