Property Taxes in Vernon, New Jersey
Median Vernon, New Jersey effective property tax rate: 2.32%, significantly lower than the national median of 1.02%, and lower than the New Jersey state median of 2.88%.
Median Vernon, New Jersey home value: $217,200
Median annual Vernon, New Jersey tax bill: $4,617, higher than the national median property tax bill of $2,400.
How are property taxes in Sussex calculated?
Property taxes in Vernon, 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 Vernon’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Vernon, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
How Does the Vernon Property Tax Calculator Work?
Use this Vernon property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Vernon's median effective tax rate of 2.32% — based on actual property records in Sussex County — to generate your estimate.
Enter your property's estimated assessed value — the figure the local assessment system uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Vernon's median effective rate across all local levies, providing a more accurate estimate than applying a single county millage rate.
Vernon's tax rate is higher than the New Jersey median tax rate of 2.88%, and the median property tax bill is $4,617, which is $2,217 higher than the state median bill. Your bill may vary by ZIP code within Vernon, but the available data shows the same median tax bill of $4,617 in ZIP code 07462.
For a more precise estimate, scroll down to explore ZIP code-level tax rate trends across Vernon.
About Vernon Property Taxes
About Property Taxes in Vernon, Sussex, New Jersey
Vernon’s median effective property tax rate of 2.32% is lower than the New Jersey state median of 2.88% and higher than the national median of 1.02%. This rate reflects the Sussex 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 Vernon. Homeowners in the 07462 ZIP code carry a median effective rate of 2.32%, while those in the same ZIP also pay 2.32%. Understanding which part of Vernon you live in can make a meaningful difference to your annual tax bill.
Vernon 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 Vernon, Sussex 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 Vernon’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 Vernon Tax Rate
2.32%
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 Sussex County Tax Rate
2.89%
Median Effective New Jersey Tax Rate
2.88%
Median Effective United States Tax Rate
1.27%
Property Tax Rates Across Vernon, Sussex County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 07462 | 2.08% | 2.20% | 2.32% | 2.43% | 2.59% |
Source: Ownwell
Property Tax Assessment Values Across Vernon, Sussex County, New Jersey
When examining property taxes in Vernon, 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 Sussex County 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 Sussex 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 Vernon.
For example, the median home price in Vernon is $217,200, with tax bills ranging significantly across the county. 07462 has the highest median home price at $217,200.
Property Tax Assessment Values Across Vernon, Sussex County, New Jersey
Source: Ownwell
$171,600
$294,725
$417,850
Median Vernon Market Value
$217,200
Median Sussex County Market Value
$254,000
Median New Jersey Market Value
$288,200
Median United States Market Value
$274,101
Property Tax Assessment Values Across Vernon, Sussex County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 07462 | $11,100 | $118,700 | $217,200 | $308,500 | $395,860 |
Source: Ownwell
Property Tax Bills Across Vernon, Sussex County, New Jersey
Property tax bills in Vernon are calculated by applying the local tax rate to a home’s assessed value, which is based on the market value of the property. That means the bill depends on how much the home is worth and how local taxing authorities set rates for schools, county services, and other public needs. With a median home price of $217,200, homeowners can see very different bills depending on where their property falls within the local assessment range.
In Vernon, the property tax bill can vary widely. The 25th percentile bill is $2,654, while the 75th percentile bill is $7,126 and the 90th percentile bill reaches $9,284. The median tax bill is $4,617, which is well above the national median property tax bill of $2,400 and above the national median property tax rate of 1.02%. For homeowners, that can mean a larger monthly housing cost and a bigger impact on long-term affordability.
Median Vernon Tax Bill
$4,617
Median Sussex County Tax Bill
$7,164
Median New Jersey Tax Bill
$8,638
Median United States Tax Bill
$3,209
Property Tax Bills Across Vernon, Sussex County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 07462 | $286 | $2,654 | $4,617 | $7,126 | $9,284 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | April 1 |
Links | |
|---|---|
| Sussex Tax Assessor | |
| Website | www.sussex.nj.us |