New Jersey Property Tax Calculator 2026
Calculate your New Jersey property taxes — effective rate 2.49%, average annual tax $9,640. Updated June 2026.
New Jersey Property Tax Overview
New Jersey has an effective property tax rate of 2.49%, making it one of the highest in the nation among all 50 states. The average annual property tax in New Jersey is $9,640 on a median home value of $387,200.
- Effective tax rate: 2.49%
- Assessment ratio: 100%
- Median home value: $387,200
- Average annual tax: $9,640 ($803/month)
How New Jersey Property Tax Works
New Jersey properties are assessed at 100% of market value. The assessed value is then multiplied by the local millage rate to determine your annual tax bill.
New Jersey Property Tax = Assessed Value × Local Millage Rate
Local millage rates vary by county, city, school district, and special districts within New Jersey. Your total rate is the sum of all applicable levies.
New Jersey Property Tax Exemptions
- Homestead exemption: $25,000 deduction for 65+/disabled; $250 credit for others
- Senior exemption: Available in most counties — check your local assessor's office for specific amounts and age thresholds (typically 65+)
- Veteran exemption: Disabled veterans (10%+ rating) may qualify for additional exemptions — varies by county. Contact your county assessor for details
- Disability exemption: Disability exemptions available in most counties — typically mirrors the senior exemption. Contact your county assessor for specific amounts
How New Jersey Compares to Neighboring States
How to Appeal Your New Jersey Property Tax
If you believe your New Jersey property is over-assessed, you have the right to appeal:
- 1. Contact your county assessor — Review your assessment for errors in square footage, lot size, or condition
- 2. Gather comparable sales — Find 3-5 similar homes sold recently in your New Jersey neighborhood with lower values
- 3. File by the deadline — New Jersey appeal deadlines vary by county; check your assessment notice
- 4. Present evidence — Focus on facts and comparable data, not complaints about tax rates
- 5. Success rate: 50-70% of New Jersey property tax appeals result in a reduction
Frequently Asked Questions
What is the property tax rate in New Jersey?
The effective property tax rate in New Jersey is 2.49% as of 2026. On a home valued at $387,200, the annual property tax is approximately $9,640.
How are properties assessed in New Jersey?
In New Jersey, properties are assessed at 100% of market value. The assessed value determines the taxable value used to calculate your property tax bill.