Property Taxes in Toms River, New Jersey
Median Toms River, New Jersey effective property tax rate: 1.73%, significantly lower than the national median of 1.02%, and lower than the New Jersey state median of 2.88%.
Median Toms River, New Jersey home value: $278,000
Median annual Toms River, New Jersey tax bill: $5,056, $2,656 higher than the national median property tax bill of $2,400.
How are property taxes in Ocean calculated?
Property taxes in Toms River, 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 Toms River's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Toms River, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
How Does the Toms River Property Tax Calculator Work?
Use this Toms River property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Toms River's median effective tax rate of 1.73% — based on actual property records in Ocean County — to generate your estimate.
Enter your property's estimated assessed value — the figure the local assessor uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Toms River'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 Toms River: rates range from $3,118 in 08757 to $6,178 in 08753, 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 Toms River.
About Toms River Property Taxes
About Property Taxes in Toms River, Ocean, New Jersey
Toms River’s median effective property tax rate of 1.73% 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 Toms River. Homeowners in the 08757 ZIP code carry a median effective rate of 2.32%, while those in 08753 pay 1.73%. This spread — 0.59 percentage points across the same city — reflects how school district boundaries and local assessment districts are drawn across Ocean County. Understanding which part of Toms River you live in can make a meaningful difference to your annual tax bill.
Toms River 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 Toms River, 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 Toms River'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 Toms River Tax Rate
1.73%
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 Toms River, Ocean County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 08753 | 1.73% | 1.73% | 1.73% | 1.73% | 1.73% |
| 08755 | 1.72% | 1.73% | 1.73% | 1.73% | 1.73% |
| 08757 | 2.12% | 2.32% | 2.32% | 2.32% | 2.33% |
| 07649 | N/A | N/A | N/A | N/A | N/A |
| 08739 | N/A | N/A | N/A | N/A | N/A |
| 08754 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across Toms River, Ocean County, New Jersey
When examining property taxes in Toms River, 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 the spring 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 Toms River.
For example, the median home price in Toms River is $278,000, with tax bills ranging significantly across the county. 08753 has the highest median home price at $355,800.
Property Tax Assessment Values Across Toms River, Ocean County, New Jersey
Source: Ownwell
$105,700
$603,200
$1,100,700
Median Toms River Market Value
$278,000
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 Toms River, Ocean County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 08753 | $201,070 | $273,400 | $355,800 | $460,200 | $617,200 |
| 08755 | $230,900 | $275,300 | $344,500 | $546,750 | $744,810 |
| 08757 | $107,300 | $120,175 | $135,500 | $183,525 | $237,500 |
| 07649 | N/A | N/A | N/A | N/A | N/A |
| 08739 | N/A | N/A | N/A | N/A | N/A |
| 08754 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Toms River, Ocean County, New Jersey
Property tax bills in Toms River are based on the assessed value of a home and the local tax rate set by taxing authorities. When a property’s market value rises, the assessed value can increase as well, which can lead to a higher tax bill if the rate stays the same. Homeowners in Ocean County should expect their bill to reflect both the value of the property and the services funded by property taxes.
For a home with a median price of $278,000, tax bills can vary widely across the city. The 25th percentile tax bill is $3,344, while the 75th percentile is $7,043. At the high end, the 90th percentile reaches $9,998, showing how much location and assessment differences can affect what homeowners pay.
These bills can have a major impact on household budgets, especially when they rise faster than income. In Toms River, understanding how the bill is calculated is important for homeowners who want to anticipate costs and make sure their property is being taxed fairly.
Median Toms River Tax Bill
$5,056
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 Toms River, Ocean County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 08753 | $3,509 | $4,746 | $6,178 | $7,997 | $10,717 |
| 08755 | $3,997 | $4,714 | $5,941 | $9,472 | $12,888 |
| 08757 | $2,433 | $2,705 | $3,118 | $4,392 | $5,806 |
| 07649 | N/A | N/A | N/A | N/A | N/A |
| 08739 | N/A | N/A | N/A | N/A | N/A |
| 08754 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | April 1 |
Links | |
|---|---|
| Ocean Tax Assessor | |
| Website | tax.co.ocean.nj.us |