Property Taxes in Bedminster, New Jersey
Median Bedminster, New Jersey effective property tax rate: 1.27%, significantly lower than the national median of 1.02%, and lower than the New Jersey state median of 2.88%.
Median Bedminster, New Jersey home value: $387,900
Median annual Bedminster, New Jersey tax bill: $4,926, $2,526 higher than the national median property tax bill of $2,400.
How are property taxes in Somerset calculated?
Property taxes in Bedminster, 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 Bedminster's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Bedminster, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
How Does the Bedminster Property Tax Calculator Work?
Use this Bedminster property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Bedminster's median effective tax rate of 1.27% — based on actual property records in Somerset County — to generate your estimate.
Enter your property's estimated assessed value — the figure the local appraisal district uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Bedminster'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 Bedminster: rates range from 1.27% in 07921 to 1.27% in 07921, 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 Bedminster.
About Bedminster Property Taxes
About Property Taxes in Bedminster, Somerset, New Jersey
Bedminster’s median effective property tax rate of 1.27% is higher than the New Jersey state median of 2.88% and higher than the national median of 1.02%. This rate reflects the Somerset 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 Bedminster. Homeowners in ZIP code 07921 carry a median effective rate of 1.27%, while those in the same ZIP code also pay 1.27%. This spread reflects how school district boundaries and local assessment districts are drawn across Somerset County. Understanding which part of Bedminster you live in can make a meaningful difference to your annual tax bill.
Bedminster homeowners who believe their assessed value is too high can file a formal appeal with the 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 Bedminster, Somerset 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 Bedminster'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 Ă· 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 Bedminster Tax Rate
1.27%
Our median effective property tax rate (tax bill Ă· 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 Somerset County Tax Rate
1.95%
Median Effective New Jersey Tax Rate
2.88%
Median Effective United States Tax Rate
1.27%
Property Tax Rates Across Bedminster, Somerset County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 07921 | 1.27% | 1.27% | 1.27% | 1.27% | 1.27% |
Source: Ownwell
Property Tax Assessment Values Across Bedminster, Somerset County, New Jersey
When examining property taxes in Bedminster, 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 Somerset 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 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 Somerset County, assessment notices are sent in February 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. For example, the median home price in Bedminster is $387,900, with tax bills ranging significantly across the county. 07921 has the highest median home price at $387,900.
Property Tax Assessment Values Across Bedminster, Somerset County, New Jersey
Source: Ownwell
$230,000
$696,925
$1,163,850
Median Bedminster Market Value
$387,900
Median Somerset County Market Value
$480,100
Median New Jersey Market Value
$288,200
Median United States Market Value
$274,101
Property Tax Assessment Values Across Bedminster, Somerset County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 07921 | $170,420 | $298,000 | $387,900 | $514,850 | $744,500 |
Source: Ownwell
Property Tax Bills Across Bedminster, Somerset County, New Jersey
Property tax bills in Bedminster are based on the assessed value of a home and the local tax rate set by the county, school district, and other taxing authorities. For a home with a median market value of $387,900, the bill reflects how that value is translated into taxable terms and then multiplied by the applicable rate.
Homeowners in Bedminster typically see property tax bills that fall between $3,785 at the 25th percentile and $6,568 at the 75th percentile, with the 90th percentile reaching $9,501. The median tax bill in ZIP code 07921 is $4,926, which is well above the national median property tax bill of $2,400 and the national median property tax rate of 1.02%.
Because property taxes are tied to home value and local budgets, higher assessments can lead to larger bills. That means homeowners may pay more when their assessed value rises, even if their income does not.
Property Tax Bills Across Bedminster, Somerset County, New Jersey
Source: Ownwell
$4,926
$15,347
$25,768
Median Bedminster Tax Bill
$4,926
Median Somerset County Tax Bill
$10,186
Median New Jersey Tax Bill
$8,638
Median United States Tax Bill
$3,209
Property Tax Bills Across Bedminster, Somerset County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 07921 | $2,164 | $3,785 | $4,926 | $6,568 | $9,501 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | April 1 |
Links | |
|---|---|
| Somerset Tax Assessor | |
| Website | www.taxdatahub.com |