Lakehurst, Ocean County, New Jersey Property Taxes

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

Median Lakehurst, NJ effective property tax rate: 3.25%, significantly higher than the national median of 1.02%, but lower than the New Jersey state median of 2.82%.
Median Lakehurst, NJ home value: $150,600
Median annual Lakehurst, NJ tax bill: $4,753, $2,353 higher than the national median property tax bill of $2,400.

How are property taxes in Ocean County calculated?

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

Last Updated March 1, 2025

Lakehurst, Ocean County, New Jersey Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

3.25%

Estimate Property Tax Bill

$4,895

$4,542

Ownwell’s Lakehurst Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Lakehurst with just two data points. By entering your property's estimated assessed value, our calculator applies Lakehurst’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 Lakehurst, Ocean County, New Jersey

Local government entities set tax rates, which can vary widely within a state. This variation occurs because each county annually estimates its required budget to provide essential 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.

In Lakehurst, Ocean County, New Jersey, the effective property tax rate is notably above the national median property tax rate of 1.02%. Lakehurst's rate reflects the highest median tax rate in the area, at 3.25%, which is significantly higher than the national average. This high rate underscores the importance of understanding local property tax dynamics. Residents in Lakehurst face a property tax bill that is considerably above the national median property tax bill of $2400. This comparison highlights the need for property owners to explore potential tax appeal and exemption opportunities to manage their property tax obligations effectively. By doing so, residents can potentially reduce their tax burden and ensure that they are not overpaying compared to other areas in New Jersey and the broader United States.

Property Tax Rates Across Lakehurst, 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 Lakehurst Tax Rate

3.25%

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 Lakehurst, Ocean County, New Jersey

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
08733	2.95%	3.23%	3.25%	3.25%	3.25%
08759	1.99%	2.02%	2.17%	2.17%	2.17%

Source: Ownwell

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

When examining property taxes in Lakehurst, 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 Board 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 Lakehurst. For example, the median home price in Lakehurst is $150,600, with tax bills ranging significantly across the county. Zip code 08759 has the highest median home price at $166,400.

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

Source: Ownwell

$88,700

$589,800

$1,090,900

Median Lakehurst Market Value

$150,600

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 Lakehurst, Ocean County, New Jersey

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
08733	$128,220	$135,750	$150,100	$175,950	$209,820
08759	$143,300	$150,625	$166,400	$180,825	$192,310

Source: Ownwell

Property Tax Bills Across Lakehurst, Ocean County, New Jersey

In Lakehurst, NJ, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. This assessed value is then multiplied by the local tax rate to determine the tax bill. With a median home price of $150,600, property taxes in Lakehurst can be significantly higher than the national median tax bill of $2,400. Homeowners in the area experience tax bills ranging from $4,278 at the 25th percentile to $6,767 at the 90th percentile, reflecting the region's higher tax rates. Factors such as property improvements and neighborhood developments can influence the assessed value, thereby impacting the tax bill. Ownwell offers a solution for homeowners looking to reduce their property tax burden. By providing expert property tax appeal and exemption services, Ownwell helps ensure that homeowners are not overpaying. Their team of professionals works diligently to identify discrepancies in assessments and file appeals, potentially saving homeowners hundreds or even thousands of dollars on their property tax bills.

Property Tax Bills Across Lakehurst, Ocean County, New Jersey

Source: Ownwell

$1,922

$9,935

$17,948

Median Lakehurst Tax Bill

$4,753

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 Lakehurst, Ocean County, New Jersey

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
08733	$3,992	$4,310	$4,792	$5,621	$6,801
08759	$2,896	$3,146	$3,501	$3,905	$4,167

Source: Ownwell