New Providence, Union County, New Jersey Property Taxes
Property Taxes in New Providence, New Jersey
Median New Providence, New Jersey effective property tax rate: 5.01%, significantly higher than the national median of 1.02%, and higher than the New Jersey state median of 2.88%.
Median New Providence, New Jersey home value: $295,800
Median annual New Providence, New Jersey tax bill: $14,455, $12,055 higher than the national median property tax bill of $2,400.
How are property taxes in Union calculated?
Property taxes in New Providence, 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 New Providence's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in New Providence, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
New Providence, Union County, New Jersey Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
5.01%
Estimate Property Tax Bill
$14,820
$13,752
How Does the New Providence Property Tax Calculator Work?
Use this New Providence property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies New Providence's median effective tax rate of 5.01% — based on actual property records in Union 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 New Providence'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 New Providence: rates range from 5.01% in 07974 to 5.01% in 07974, primarily due to differences in school district levies and local assessment districts. New Providence's median effective rate is higher than the 1.02% national median property tax rate, and the $14,455 median property tax bill is higher than the $2,400 national median property tax bill.
For a more precise estimate, scroll down to explore ZIP code-level tax rate trends across New Providence.
About New Providence Property Taxes
About Property Taxes in New Providence, Union, New Jersey
New Providence's median effective property tax rate of 5.01% is higher than the New Jersey state median of 2.88% and higher than the national median of 1.02%. This rate reflects the Union 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 New Providence. Homeowners in ZIP code 07974 carry a median effective rate of 5.01%, while those in the same ZIP also pay 5.01%. This reflects how school district boundaries and local assessment districts are drawn across Union County. Understanding which part of New Providence you live in can make a meaningful difference to your annual tax bill.
New Providence 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 New Providence, Union 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 New Providence'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 New Providence Tax Rate
5.01%
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 Union County Tax Rate
6.67%
Median Effective New Jersey Tax Rate
2.88%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across New Providence, Union County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 07974 | 4.73% | 5.01% | 5.01% | 5.01% | 5.01% |
Source: Ownwell
Property Tax Assessment Values Across New Providence, Union County, New Jersey
When examining property taxes in New Providence, 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 Union 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 Union 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 New Providence.
For example, the median home price in New Providence is $295,800, with tax bills ranging significantly across the county. 07974 has the highest median home price at $295,800.
Property Tax Assessment Values Across New Providence, Union County, New Jersey
Source: Ownwell
$22,050
$381,925
$741,800
Median New Providence Market Value
$295,800
Median Union County Market Value
$177,800
Median New Jersey Market Value
$288,200
Median United States Market Value
$235,294
Property Tax Assessment Values Across New Providence, Union County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 07974 | $203,770 | $242,475 | $295,800 | $354,325 | $426,790 |
Source: Ownwell
Property Tax Bills Across New Providence, Union County, New Jersey
How are property tax bills calculated in New Providence?
Property tax bills in New Providence are based on the assessed value of a home and the local tax rate set by the county and other taxing authorities. When a property’s assessed value rises, the tax bill can increase even if the homeowner has not made any changes to the home. The median home price is $295,800, and that value helps show the level at which local taxes are being applied.
What factors affect the bill? The main factors are the home’s assessed value, the tax rate, and any local levies that fund schools, municipal services, and county operations. In this area, the 25th percentile tax bill is $12,016, the 75th percentile tax bill is $17,155, and the 90th percentile tax bill is $20,785. The median tax bill is $14,455 in ZIP code 07974.
How does this affect homeowners? Higher assessed values can lead to larger annual bills, making property taxes a major ongoing housing cost in New Providence.
Property Tax Bills Across New Providence, Union County, New Jersey
Source: Ownwell
$1,767
$9,003
$16,238
Median New Providence Tax Bill
$14,455
Median Union County Tax Bill
$10,725
Median New Jersey Tax Bill
$8,638
Median United States Tax Bill
$2,400
Property Tax Bills Across New Providence, Union County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 07974 | $10,103 | $12,016 | $14,455 | $17,155 | $20,785 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | April 1 |
Links | |
|---|---|
| Union Tax Assessor | |
| Website | taxrecords-nj.com |