Estimate your New Jersey property tax based on the state's 2.23% average effective rate. Enter your home value for an instant, free calculation.
Enter any tax exemption amount you qualify for in New Jersey
New Jersey has the highest effective property tax rate in the nation at 2.23%. This is not a close contest — NJ homeowners pay more than double the national average rate, with median annual bills exceeding $9,500.
New Jersey assessments are supposed to be at 100% of market value, though equalization ratios often show significant deviation. School funding, which relies predominantly on local property taxes, is the primary driver of high rates.
| Home Value | Estimated Annual Tax | Monthly (Escrow) |
|---|---|---|
| $250,000 | $5,575 | $464/mo |
| $427,600 (median) | $9,535 | $794/mo |
| $600,000 | $13,380 | $1,115/mo |
New Jersey's Homestead Benefit Program provides credits to homeowners with income under $250,000 (seniors/disabled) or $150,000 (others). The Senior Freeze (Property Tax Reimbursement) program reimburses qualifying seniors for increases above a base year. Veterans receive $250 annual deductions.
New Jersey property taxes are due February 1, May 1, August 1, and November 1 (quarterly).
Bergen, Essex, and Morris counties have the highest bills. The persistent school funding inequity between wealthy and poor districts is a defining political issue in New Jersey and drives continued high rates statewide.