New JerseyNJ
Effective tax rate
2.23%
Median home value
$418,700
Median annual tax
$9,337
National rank
#1
Counties
21
Counties in New Jersey
Union County
2.44%Median value: $325,823
Ocean County
2.44%Median value: $447,352
Somerset County
2.44%Median value: $568,880
Gloucester County
2.44%Median value: $355,449
Atlantic County
2.44%Median value: $476,977
Cumberland County
2.44%Median value: $263,546
Sussex County
2.44%Median value: $385,075
Hunterdon County
2.44%Median value: $506,603
Warren County
2.44%Median value: $293,172
Cape May County
2.44%Median value: $414,700
Salem County
2.44%Median value: $536,229
Mercer County
2.43%Median value: $450,378
Bergen County
2.43%Median value: $571,907
Middlesex County
2.43%Median value: $358,475
Essex County
2.43%Median value: $480,004
Hudson County
2.43%Median value: $266,572
Monmouth County
2.43%Median value: $388,101
Morris County
2.43%Median value: $509,629
Burlington County
2.43%Median value: $296,198
Camden County
2.43%Median value: $417,726
Passaic County
2.43%Median value: $539,255
Top ZIP codes in New Jersey
Compare New Jersey ZIP codes →Property tax in New Jersey
New Jersey has an effective property tax rate of 2.23%, ranking #1 highest in the nation. The median home value is $418,700, and the median annual property tax payment is $9,337.
Property taxes in New Jersey are above the national median rate of 1.02%. Homeowners should factor this higher rate into their housing costs when budgeting or comparing to other states.
Property tax exemptions in New Jersey
New Jersey offers several property tax exemptions to eligible homeowners. Common exemptions include homestead exemptions for primary residences, senior citizen exemptions for residents over 65, veteran exemptions for military service members, and disability exemptions. Contact your county assessor's office for specific eligibility requirements and application deadlines.
Frequently asked questions
What is the property tax rate in New Jersey?
New Jersey has an effective property tax rate of 2.23%, ranking #1 highest in the nation. The median annual property tax payment is $9,337 on a $418,700 home.
How does New Jersey property tax compare to the national average?
The national median effective property tax rate is 1.02%. New Jersey's rate of 2.23% is above the national median of 1.02%, meaning homeowners in New Jersey pay more relative to their home values.
Which county in New Jersey has the highest property tax?
Union County has the highest effective property tax rate in New Jersey at 2.44%.
Which county in New Jersey has the lowest property tax?
Passaic County has the lowest effective property tax rate in New Jersey at 2.43%.
What property tax exemptions are available in New Jersey?
New Jersey offers several property tax exemptions including homestead exemptions for primary residences, senior citizen exemptions for residents over 65, veteran exemptions for military service members, and disability exemptions. Contact your county assessor's office for specific eligibility requirements.