Green Brook, Union County, New Jersey Property Taxes

Name: Property Tax Bills Across Green Brook, Union County, New Jersey
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Green Brook, NJ effective property tax rate: 8.46%, significantly higher than the national median of 1.02%, but lower than the New Jersey state median of 2.82%.
Median Green Brook, NJ home value: $136,000
Median annual Green Brook, NJ tax bill: $11,504, $9,104 higher than the national median property tax bill of $2,400.

How are property taxes in Union calculated?

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

Last Updated March 1, 2025

Green Brook, Union County, New Jersey Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

8.46%

Estimate Property Tax Bill

$11,506

$10,677

Ownwell’s Green Brook Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Green Brook with just two data points. By entering your property's estimated assessed value, our calculator applies Green Brook’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 Union County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Green Brook, Union County, New Jersey

Local government entities set tax rates, which can vary widely within a state. This is because each county estimates its required budget to provide services annually 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. In Green Brook, located in Union County, NJ, the effective property tax rate stands at 8.46%. Compared to the national median property tax rate of 1.02%, Green Brook's rate is significantly higher. This elevated rate is a reflection of the county's budgetary needs and the total assessed value of properties in the area. When contrasted with other cities in New Jersey and the national median, Green Brook's property tax rate highlights the variation in tax burdens property owners face across different regions. Understanding these differences can help property owners make informed decisions about their investments and potential savings through tax appeals or exemptions.

Property Tax Rates Across Green Brook, Union County, New Jersey

Source: Ownwell

2.00%

6.64%

11.29%

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 Green Brook Tax Rate

8.46%

Median Effective Union County Tax Rate

6.95%

Median Effective New Jersey Tax Rate

2.82%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Green Brook, Union County, New Jersey

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
08812	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Green Brook, Union County, New Jersey

When examining property taxes in Green Brook, 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 Union 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 Union 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 Green Brook. For example, the median home price in Green Brook is $136,000, with tax bills ranging significantly across the county.

Property Tax Assessment Values Across Green Brook, Union County, New Jersey

Source: Ownwell

$54,000

$394,450

$734,900

Median Green Brook Market Value

$136,000

Median Union County Market Value

$138,900

Median New Jersey Market Value

$282,900

Median United States Market Value

$235,294

Property Tax Assessment Values Across Green Brook, Union County, New Jersey

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
08812	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Green Brook, Union County, New Jersey

In Green Brook, NJ, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. The assessed value is a percentage of the property's market value, which is determined by the local tax assessor. In Green Brook, the median property tax bill is significantly higher than the national median of $2,400, with homeowners facing a substantial tax burden. This is due to the high property values in the area, which lead to higher assessed values and, consequently, higher tax bills.

Homeowners in Green Brook can benefit from appealing their property tax assessments if they believe their home has been overvalued. This is where Ownwell can assist. Our team of experts analyzes your property’s assessment and market data to identify potential savings. By filing a successful appeal, homeowners may significantly reduce their annual property tax bills. With Ownwell's professional guidance, homeowners can navigate the complex appeal process and potentially save thousands on their property taxes.

Property Tax Bills Across Green Brook, Union County, New Jersey

Source: Ownwell

$4,283

$10,029

$15,775

Median Green Brook Tax Bill

$11,504

Median Union County Tax Bill

$10,366

Median New Jersey Tax Bill

$8,227

Median United States Tax Bill

$2,400

Property Tax Bills Across Green Brook, Union County, New Jersey

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
08812	N/A	N/A	N/A	N/A	N/A

Source: Ownwell