Berkeley Heights, Somerset County, New Jersey Property Taxes
Median Berkeley Heights, NJ effective property tax rate: 2.08%, significantly higher than the national median of 1.02%, but lower than the New Jersey state median of 2.82%.
Median Berkeley Heights, NJ home value: $427,550
Median annual Berkeley Heights, NJ tax bill: $8,887, $6,487 higher than the national median property tax bill of $2,400.
How are property taxes in Somerset calculated?
Property taxes in Berkeley Heights, 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 Berkeley Heights’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Berkeley Heights, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Berkeley Heights, Somerset County, New Jersey Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
2.08%
Estimate Property Tax Bill
$8,893
$8,252
Property Tax Rates Across Berkeley Heights, Somerset County, New Jersey
Local government entities determine tax rates, which can differ significantly within a state. Each year, counties calculate their necessary budget to fund services and divide this by the total assessed value of all taxable properties within their area. This process establishes the property tax rate. Although votes and legislation play a role in determining tax rates and budgets, this is essentially the yearly procedure.
In Berkeley Heights, located in Somerset County, New Jersey, the effective property tax rate stands at 2.08%, which is notably higher than the national median property tax rate of 1.02%. This rate is consistent across the zip code 07922, making it both the highest and lowest in the area. Compared to the national median property tax bill of $2,400, residents in Berkeley Heights may find their property tax bills to be significantly higher. Understanding these rates can help homeowners make informed decisions about property ownership and potential tax appeals.
Property Tax Rates Across Berkeley Heights, Somerset County, New Jersey
Source: Ownwell
1.35%
2.72%
4.08%
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 Berkeley Heights Tax Rate
2.08%
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 Somerset County Tax Rate
2.05%
Median Effective New Jersey Tax Rate
2.82%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Berkeley Heights, Somerset County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 07922 | 2.00% | 2.06% | 2.08% | 2.08% | 2.08% |
Source: Ownwell
Property Tax Assessment Values Across Berkeley Heights, Somerset County, New Jersey
When examining property taxes in Berkeley Heights, 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 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 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 Somerset 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 Berkeley Heights. For example, the median home price in Berkeley Heights is $427,550, with tax bills ranging significantly across the county. Zip code 07922 has the highest median home price at $427,550.
Property Tax Assessment Values Across Berkeley Heights, Somerset County, New Jersey
Source: Ownwell
$230,000
$621,625
$1,013,250
Median Berkeley Heights Market Value
$427,550
Median Somerset County Market Value
$415,100
Median New Jersey Market Value
$282,900
Median United States Market Value
$235,294
Property Tax Assessment Values Across Berkeley Heights, Somerset County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 07922 | $94,560 | $316,075 | $427,550 | $447,300 | $466,590 |
Source: Ownwell
Property Tax Bills Across Berkeley Heights, Somerset County, New Jersey
Property Tax Bills Across Berkeley Heights, Somerset County, New Jersey
Source: Ownwell
$4,735
$12,659
$20,582
Median Berkeley Heights Tax Bill
$8,887
Median Somerset County Tax Bill
$9,311
Median New Jersey Tax Bill
$8,227
Median United States Tax Bill
$2,400
Property Tax Bills Across Berkeley Heights, Somerset County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 07922 | $1,932 | $6,545 | $8,887 | $9,286 | $9,538 |
Source: Ownwell