Point Pleasant Boro, Ocean County, New Jersey Property Taxes

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

Median Point Pleasant Boro, NJ effective property tax rate: 2.14%, significantly higher than the national median of 1.02%, but lower than the NJ state median of 2.82%.
Median Point Pleasant Boro, NJ home value: $330,650
Median annual Point Pleasant Boro, NJ tax bill: $6,893, $4,493 higher than the national median property tax bill of $2,400.

How are property taxes in Ocean County calculated?

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

Last Updated March 1, 2025

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

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.14%

Estimate Property Tax Bill

$7,076

$6,566

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

Local government entities set property tax rates, which can vary widely within a state. 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.

Point Pleasant Boro, located in Ocean County, NJ, has an effective property tax rate of 2.14%. This is significantly higher than the national median property tax rate of 1.02%. In comparison to other cities in New Jersey, Point Pleasant Boro's rate is on the higher end, reflecting the overall trend in the state where property tax rates tend to be above the national average. The median property tax bill in New Jersey is also notably higher than the national median of $2400, making it essential for property owners in Point Pleasant Boro to consider tax appeal and exemption services to potentially reduce their tax burden.

Property Tax Rates Across Point Pleasant Boro, 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 Boro Tax Rate

2.14%

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 Boro, Ocean County, New Jersey

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
08742	1.75%	2.13%	2.14%	2.14%	2.14%

Source: Ownwell

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

When examining property taxes in Point Pleasant Boro, 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.

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 Point Pleasant Boro. For example, the median home price in Point Pleasant Boro is $330,650, with tax bills ranging significantly across the county. Zip code 08742 has the highest median home price at $330,650.

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

Source: Ownwell

$88,700

$589,800

$1,090,900

Median Point Pleasant Boro Market Value

$330,650

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 Boro, Ocean County, New Jersey

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
08742	$249,200	$279,875	$330,650	$436,800	$610,450

Source: Ownwell

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

In Point Pleasant Boro, NJ, property tax bills are calculated based on the assessed value of the home, which is determined by local assessors. This assessed value is then multiplied by the local tax rate to determine the annual property tax bill. In Ocean County, where Point Pleasant Boro is located, the median property tax bill is notably high, with figures reaching $6,893, significantly above the national median of $2,400. Factors such as local government budgets and school funding needs heavily influence these rates, impacting homeowners by imposing a considerable financial burden. For instance, homeowners in the 75th percentile face tax bills around $9,130, while those in the 90th percentile encounter even heftier bills of approximately $12,932. Ownwell provides a valuable service by offering property tax appeal and exemption services. By reviewing and appealing assessments, Ownwell helps homeowners potentially reduce their tax obligations, ensuring they pay only their fair share and alleviating some of the financial pressure associated with high property taxes.

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

Source: Ownwell

$1,922

$9,935

$17,948

Median Point Pleasant Boro Tax Bill

$6,893

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 Boro, Ocean County, New Jersey

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
08742	$4,964	$5,768	$6,893	$9,130	$12,932

Source: Ownwell