The average effective property tax rate in New Jersey is 2.42%, compared with a national average of 1.07%. When combined with relatively high statewide property values, the average property tax payment in New Jersey is over $8,400.
How much are property taxes in Monmouth County NJ?
The median property tax in Monmouth County, New Jersey is $6,917 per year for a home worth the median value of $424,800. Monmouth County collects, on average, 1.63% of a property’s assessed fair market value as property tax.
Which county in NJ has the highest property taxes?
The highest average tax bills in New Jersey can be found in Millburn Township, Essex County, where homeowners paid an average of $24,370.
When do taxes have to be paid in Highlands NJ?
The taxes are due February 1, May 1, August 1, and November 1. A ten (10) grace period is provided by Borough resolution. Tax installments not paid by the due date are subject to 8% interest on the first $1,500.00 of the delinquency and 18% on any amount in excess of $1,500.00.
How are property taxes calculated in New Jersey?
While the exact property tax rate you will pay will vary by county and is set by the local property tax assessor, you can use the free New Jersey Property Tax Estimator Tool to calculate your approximate yearly property tax based on median property tax rates across New Jersey.
Where are the lowest property taxes in NJ?
Lowest and Highest Property Tax Rates for Towns in Monmouth County, NJ on a map. See Rates for all Cities, Boros, & Townships: Middletown, Howell, Marlboro, Manalapan, etc. Property Tax Rates for Towns in Monmouth County New Jersey Property Taxes for Towns in Monmouth County, New Jersey Hover or touch the map for more tax information.
What is the property tax rate in Hudson County NJ?
With around 670,000 residents, Hudson County is the fourth most populous county in New Jersey. Property tax rates in Hudson County are close to state average. The countywide average effective rate is 2.33%. At that rate, the taxes on a home worth $300,000 would be $6,990 per year.
