Property Taxes in Brick, New Jersey
Median Brick, 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 Brick, New Jersey home value: $249,600
Median annual Brick, New Jersey tax bill: $6,131, $3,731 higher than the national median property tax bill of $2,400.
How are property taxes in Ocean calculated?
Property taxes in Brick, 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 Brick's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Brick, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
How Does the Brick Property Tax Calculator Work?
Use this Brick property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Brick's median effective tax rate of 2.48% — based on actual property records in Ocean County — to generate your estimate.
Enter your property's estimated assessed value — the figure the local assessment office uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Brick'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 Brick: rates range from $6,051 in 08724 to $6,246 in 08723, primarily due to differences in school district levies and local assessment districts.
For a more precise estimate, scroll down to explore ZIP code-level tax rate trends across Brick.
About Brick Property Taxes
About Property Taxes in Brick, Ocean, New Jersey
Brick’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 Ocean County base levy combined with local school district levies and special assessment districts that vary by subdivision throughout the city.
Property tax rates are not uniform across Brick. Homeowners in the 08724 ZIP code carry a median effective rate of 2.48%, while those in 08723 pay 2.46%. This spread — 0.02 percentage points across the same city — reflects how school district boundaries and local assessment districts are drawn across Ocean County. Understanding which part of Brick you live in can make a meaningful difference to your annual tax bill.
Brick homeowners who believe their assessed value is too high can file a formal appeal with the local Tax Assessor before the April 1, 2026 deadline each year.
If your estimated bill above 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 Brick, Ocean 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 Brick'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 Brick 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 Ocean County Tax Rate
2.35%
Median Effective New Jersey Tax Rate
2.88%
Median Effective United States Tax Rate
1.27%
Property Tax Rates Across Brick, Ocean County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 08723 | 2.45% | 2.45% | 2.46% | 2.46% | 2.46% |
| 08724 | 2.47% | 2.48% | 2.48% | 2.49% | 2.49% |
Source: Ownwell
Property Tax Assessment Values Across Brick, Ocean County, New Jersey
When examining property taxes in Brick, 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 Ocean County tax 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 Ocean County, assessment notices are sent in February 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 Brick.
For example, the median home price in Brick is $249,600, with tax bills ranging significantly across the county. 08723 has the highest median home price at $255,400.
Property Tax Assessment Values Across Brick, Ocean County, New Jersey
Source: Ownwell
$105,700
$603,200
$1,100,700
Median Brick Market Value
$249,600
Median Ocean County Market Value
$288,500
Median New Jersey Market Value
$288,200
Median United States Market Value
$274,101
Property Tax Assessment Values Across Brick, Ocean County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 08723 | $154,000 | $205,900 | $255,400 | $326,250 | $462,760 |
| 08724 | $118,400 | $174,000 | $245,000 | $305,600 | $406,100 |
Source: Ownwell
Property Tax Bills Across Brick, Ocean County, New Jersey
Brick property tax bills are based on the assessed value of a home and the local tax rate set by Ocean County and other taxing authorities. When a property’s assessed value rises, the tax bill can increase as well, even if the homeowner has not made major changes to the home. For Brick, the median home price is $249,600, and the median tax bill is $6,246 in ZIP code 08723 and $6,051 in ZIP code 08724.
Property taxes help fund local services, so homeowners in Brick pay more or less depending on where their home is located and how it is assessed. The 25th percentile tax bill is $4,573, while the 75th percentile is $7,695 and the 90th percentile reaches $10,460. Compared with the national median property tax bill of $2,400, Brick homeowners often face a much larger annual tax burden.
Median Brick Tax Bill
$6,131
Median Ocean County Tax Bill
$6,412
Median New Jersey Tax Bill
$8,638
Median United States Tax Bill
$3,209
Property Tax Bills Across Brick, Ocean County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 08723 | $3,742 | $5,023 | $6,246 | $7,966 | $11,187 |
| 08724 | $2,921 | $4,278 | $6,051 | $7,538 | $9,988 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | April 1 |
Links | |
|---|---|
| Ocean Tax Assessor | |
| Website | tax.co.ocean.nj.us |