Jackson, Ocean County, New Jersey Property Taxes

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

Median Jackson, NJ effective property tax rate: 2.53%, significantly higher than the national median of 1.02%, but lower than the New Jersey state median of 2.82%.
Median Jackson, NJ home value: $304,300
Median annual Jackson, NJ tax bill: $7,561, $5,161 higher than the national median property tax bill of $2,400.

How are property taxes in Ocean County calculated?

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

Last Updated March 1, 2025

Jackson, Ocean County, New Jersey Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.53%

Estimate Property Tax Bill

$7,699

$7,144

Ownwell’s Jackson Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Jackson with just two data points. By entering your property's estimated assessed value, our calculator applies Jackson’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 Jackson, Ocean 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 Jackson’s effective property tax rate to other cities in New Jersey and the median property tax rates in New Jersey and the U.S.

Jackson in Ocean County, New Jersey, stands out with a median property tax rate of 2.53%, which is significantly higher than the national median of 1.02%. This rate is one of the highest in the state, reflecting the county's financial requirements and property values. The county’s approach to budgeting and property valuation directly impacts the tax rates, emphasizing the importance of understanding local dynamics. For property owners in Jackson, this means a substantial portion of their property value goes towards taxes, highlighting the need for effective property tax management and potential appeals to minimize the financial burden.

Property Tax Rates Across Jackson, 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 Jackson Tax Rate

2.53%

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 Jackson, Ocean County, New Jersey

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
08527	2.32%	2.50%	2.53%	2.58%	2.58%

Source: Ownwell

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

When examining property taxes in Jackson, 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 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. Assessment notices: In Ocean 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 Jackson. For example, the median home price in Jackson is $304,300, with tax bills ranging significantly across the county. 08527 has the highest median home price at $304,300.

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

Source: Ownwell

$88,700

$589,800

$1,090,900

Median Jackson Market Value

$304,300

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 Jackson, Ocean County, New Jersey

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
08527	$199,300	$244,600	$304,300	$404,800	$493,390

Source: Ownwell

Property Tax Bills Across Jackson, Ocean County, New Jersey

In Jackson, NJ, property tax bills are calculated by multiplying the assessed value of a home by the local tax rate. This means the assessed value is a critical factor, as it determines the base on which taxes are levied. With a median home price of $304,300, homeowners face property tax bills significantly above the national median, as evidenced by the town's median tax bill of $7,561. This is notably higher than the national median property tax bill of $2,400. Factors such as location within Ocean County and property characteristics can influence the assessed value, impacting the final tax bill. For homeowners in Jackson, NJ, high property taxes can be a financial burden. Ownwell offers a solution by providing expert property tax appeal and exemption services. By analyzing property assessments and identifying potential savings, Ownwell helps homeowners reduce their tax bills, ensuring they only pay what is fair. This assistance can lead to substantial savings, providing financial relief to homeowners in high-tax areas.

Property Tax Bills Across Jackson, Ocean County, New Jersey

Source: Ownwell

$1,922

$9,935

$17,948

Median Jackson Tax Bill

$7,561

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 Jackson, Ocean County, New Jersey

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
08527	$4,877	$6,098	$7,561	$10,174	$12,496

Source: Ownwell