The average New Jersey property tax rate is about 1.88% of a home’s value, which comes to roughly $9,590 a year on the typical New Jersey home. That makes New Jersey property tax one of the higher burdens in the country. This guide breaks down the New Jersey property tax rate, what the typical bill looks like, how your bill is figured, where the money goes, and — most useful
of all — how to check whether you are overpaying and how to pay less.
New Jersey Property Tax at a Glance
| Effective tax rate | 1.88% |
| Median annual bill | $9,590 |
| Median home value | $454,400 |
| Rank among states | #2 of 50 highest |
| vs. U.S. average | $5,319 above the U.S. average ($4,271) |
| Reassessed | New Jersey has no fixed statewide reassessment schedule. Many municipalities do a full revaluation only every several years — often a decade or more apart — or when the County Board of Taxation orders one because assessments have fallen out of line; a smaller number of towns reassess more regularly. Check with your municipal assessor for your town’s practice. |
Rate & bill: U.S. Census Bureau ACS 2024 5-year (effective rate B25090/B25082 – the Tax Foundation method; median bill B25103; value B25077).
| New Jersey Property Tax | Figure |
|---|---|
| Effective property tax rate | 1.88% |
| Median annual property tax bill | $9,590 |
| Median home value | $454,400 |
| Rank (highest to lowest) | #2 of 50 states |
| U.S. average bill | $4,271 |
In This New Jersey Guide:
What Is the New Jersey Property Tax Rate?
The New Jersey property tax rate is not one flat number — it is the combined result of your county, city, township, and school-district rates, applied to your home’s assessed value. Across New Jersey, homeowners pay about 1.88% of their home’s value on average, or around $9,590 a year on a typical $454,400 home. That puts New Jersey near the top nationally — ranked #2 of 50 states from highest
to lowest.
Two homes worth the same amount can still owe very different bills depending on the town and school district, so treat the statewide figure as a starting point, not your exact bill.
If your bill went up, start by reading the assessed value on your notice and remember it reflects your assessor’s estimate of market value, not necessarily today’s price. Look into whether you qualify for any of the deductions or relief programs, since many homeowners — especially seniors, veterans, and disabled residents — miss ones they’re entitled to. If you believe your assessment is higher than your home’s true value, you
may file an appeal with your County Board of Taxation; check your assessment notice and your county’s page for the current deadline and process.
Think your New Jersey bill is too high? Check in two minutes.
How New Jersey Property Tax Is Calculated
Your New Jersey property tax starts with an assessed value set by In New Jersey, property is assessed by a local municipal tax assessor in each municipality (town, township, borough, or city). Assessors are appointed at the municipal level but perform a State-defined governmental role, and their work is supervised by the County Board of Taxation in each county.. New Jersey assesses at “true value” — the fair market value
your property would sell for in a normal sale — and then applies an equalization ratio set under State law so assessments across a town are treated fairly.
Because towns can assess at different percentages of market value, check the assessed value printed on your assessment notice rather than assuming it equals today’s market price. That assessed value is then multiplied by the combined local tax rate to produce your bill. In New Jersey, property is generally reassessed New Jersey has no fixed statewide reassessment schedule. Many municipalities do a full revaluation only every several years — often
a decade or more apart — or when the County Board of Taxation orders one because assessments have fallen out of line; a smaller number of towns reassess more regularly.
Check with your municipal assessor for your town’s practice.. The single most important number to check is your assessed value: if it is higher than what your home would sell for, your bill is too high — and that is exactly what an appeal fixes.
The actual rates in New Jersey are set by No single office sets your rate. Your municipality, your county, and your local school district each certify how much they need to raise, and the County Board of Taxation blends those (plus any special or fire-district levies) into the general tax rate applied to your assessed value.. That is why your neighbor one town over can pay a different bill on
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an identical house.
Where Your New Jersey Property Tax Money Goes
New Jersey property taxes are the main way local government is funded, and the largest share typically goes to public schools. The rest supports county services and municipal services such as police, fire, roads, and local administration. For most New Jersey homeowners, the school-district share is the biggest single piece of the bill, which is why property taxes tend to be highest where schools rely most on local funding.
One New Jersey note: New Jersey is known for relying heavily on local property taxes and having some of the highest property tax bills in the country. The State runs several relief programs rather than a Proposition 13-style cap — including ANCHOR (which replaced the older Homestead Rebate), the Senior Freeze (Property Tax Reimbursement), and the newer Stay NJ program aimed at homeowners 65 and older. These programs and their
funding can change year to year, so confirm current details with the State.
How New Jersey Property Tax Compares
The U.S. average property tax bill is about $4,271 a year. The typical New Jersey bill of $9,590 is $5,319 above that. Remember that a low rate does not always mean a low bill — a state with cheap rates but expensive homes can still cost you more than New Jersey. The dollar bill and your own assessment matter more than the headline rate.
How to Lower Your New Jersey Property Tax
You cannot change the New Jersey property tax rate, but you have two real levers on your own bill. First, claim every exemption you qualify for. New Jersey offers several property tax breaks that can lower what you owe. These include deductions for qualifying senior citizens (generally 65 and older) and permanently disabled homeowners, a deduction for eligible veterans and certain surviving spouses, and a full exemption on the primary
home for eligible 100% permanently and totally disabled veterans.
Eligibility rules (age, income, residency, and service requirements) apply, so check whether you qualify — see the data box above for any amounts. Second, appeal your assessment if your home is valued higher than it would sell for — studies suggest a large share of homes are over-assessed, and appeals often succeed.
Don’t want to appeal your New Jersey taxes yourself? A property tax appeal service can file everything for you and usually only charges if it wins — typically a share of what it saves you. It is one option; you can also appeal on your own for free.
Frequently Asked Questions
What is the New Jersey property tax rate?
The average effective New Jersey property tax rate is about 1.88% of a home’s value, based on U.S. Census data. On the typical New Jersey home that works out to roughly $9,590 a year. Your own bill depends on your county, city, and school district, plus any exemptions you claim — see the data box above.
Why is my New Jersey property tax so high?
Property tax in New Jersey is driven mostly by your local rates (especially school levies) and by your home’s assessed value. If your assessment is higher than what your home would actually sell for, you may be overpaying — that is the most common reason a bill is too high, and it is something you can appeal.
How can I lower my New Jersey property tax?
Two things help most in New Jersey: make sure you are claiming every exemption you qualify for (homestead, senior, veteran, or disability), and appeal your assessment if your home is over-valued. Both can lower your bill, and both are free to do yourself.
New Jersey Property Tax Sources & Data
- New Jersey Department of Revenue (property tax): https://www.nj.gov/treasury/taxation/lpt/genlpt.shtml
- Tax Foundation — Property Taxes by State & County: taxfoundation.org
- U.S. Census Bureau (American Community Survey): census.gov/acs
- Lincoln Institute of Land Policy (property tax data): lincolninst.edu
New Jersey property tax rates and typical bills on this page come from U.S. Census (American Community Survey) data as
published by the Tax Foundation, and were last checked in July 2026. Rates and bills change each year and vary by county
— confirm your own figures with your county assessor before you rely on them.
More Property Tax Guides
- Property Tax Rates by State
- Property Tax by County
- Are You Overpaying? Over-Assessment Checker
- Property Tax Exemption Finder
Disclaimer: This guide is informational only and is not legal, tax, or financial advice. Know Property Tax is an independent educational resource. It is not a government agency, not a county assessor, and not a tax-appeal service. Property tax rates, bills, exemptions, and deadlines change over time and vary by county and property. Confirm anything that affects your taxes with your county assessor or a licensed professional before you act.