Point Pleasant Beach, Ocean County, New Jersey Property Taxes

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

Median Point Pleasant Beach, NJ effective property tax rate: 1.62%, significantly higher than the national median of 1.02%, but lower than the New Jersey state median of 2.82%.
Median Point Pleasant Beach, NJ home value: $487,550
Median annual Point Pleasant Beach, NJ tax bill: $7,862, $5,462 higher than the national median property tax bill of $2,400.

How are property taxes in Ocean County calculated?

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

Last Updated March 1, 2025

Point Pleasant Beach, Ocean County, New Jersey Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.62%

Estimate Property Tax Bill

$7,898

$7,329

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

Point Pleasant Beach in Ocean County stands out with a median property tax rate of 1.62%, which is notably higher than the national median of 1.02%. This means homeowners in this area might find themselves paying more in property taxes compared to many other regions across the country. However, it's crucial to consider that property taxes fund essential local services such as schools, infrastructure, and emergency services, which can significantly impact the quality of life. Understanding these nuances can help property owners make informed decisions about their investments and financial planning.

Property Tax Rates Across Point Pleasant Beach, 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 Point Pleasant Beach Tax Rate

1.62%

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 Point Pleasant Beach, Ocean County, New Jersey

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
08742	1.57%	1.62%	1.62%	1.62%	1.95%

Source: Ownwell

Property Tax Assessment Values Across Point Pleasant Beach, Ocean County, New Jersey

When examining property taxes in Point Pleasant Beach, 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 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 Point Pleasant Beach. For example, the median home price in Point Pleasant Beach is $487,550, with tax bills ranging significantly across the county. 08742 has the highest median home price at $487,550.

Property Tax Assessment Values Across Point Pleasant Beach, Ocean County, New Jersey

Source: Ownwell

$88,700

$589,800

$1,090,900

Median Point Pleasant Beach Market Value

$487,550

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 Point Pleasant Beach, Ocean County, New Jersey

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
08742	$271,200	$373,175	$487,550	$639,925	$826,950

Source: Ownwell

Property Tax Bills Across Point Pleasant Beach, Ocean County, New Jersey

In Point Pleasant Beach, NJ, property tax bills are determined by assessing the market value of a property and applying the local tax rate. The assessed value is a percentage of the market value, which is then multiplied by the tax rate to calculate the annual tax bill. In Ocean County, the property tax bill can vary significantly, with amounts ranging from $6,211 at the 25th percentile to $13,378 at the 90th percentile. The median home price in Point Pleasant Beach is $487,550, contributing to a median tax bill that aligns with the highest and lowest median tax bill of $7,862, which is above the national median of $2,400. These taxes fund essential local services, impacting homeowners' financial responsibilities. Ownwell assists homeowners by providing expert property tax appeal services, potentially lowering their tax bills. Through detailed analysis and negotiation, Ownwell ensures that homeowners are not overpaying, offering a chance to save significantly on their annual property taxes.

Property Tax Bills Across Point Pleasant Beach, Ocean County, New Jersey

Source: Ownwell

$1,922

$9,935

$17,948

Median Point Pleasant Beach Tax Bill

$7,862

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 Point Pleasant Beach, Ocean County, New Jersey

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
08742	$4,761	$6,211	$7,862	$10,289	$13,378

Source: Ownwell