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 carries the highest effective property tax rate in the country, and property taxes fund local government almost entirely. Assessments and rates are set town by town across 564 municipalities, so bills vary sharply even between neighboring communities.
Property is assessed locally by each of New Jersey's 564 municipalities, and the state Division of Taxation applies an annual equalization ratio so towns using different valuation practices are compared fairly. Combined rates are set by municipalities, counties, and school districts, and effective rates — tax paid as a share of value — are the fairest way to compare across the state.
| Home Value | Estimated Annual Tax | Monthly (Escrow) |
|---|---|---|
| $250,000 | $5,575 | $465/mo |
| $428,000 (median) | $9,544 | $795/mo |
| $600,000 | $13,380 | $1,115/mo |
Effective rates vary within New Jersey. These figures are median-tax-to-median-value estimates from U.S. Census ACS data (2019–2023 ACS 5-year (SmartAsset)) for some of the most populous counties:
| County | Effective Rate |
|---|---|
| Middlesex County | 1.82% |
| Hudson County | 1.69% |
| Monmouth County | 1.48% |
| Ocean County | 1.42% |
| Camden County | 2.32% |
| Mercer County | 2.00% |
| Burlington County | 1.96% |
| Gloucester County | 2.16% |
Among these counties, effective rates range from about 1.42% in Ocean County to 2.32% in Camden County. Your actual rate depends on the local mill/millage set by your county, city, and school district.
New Jersey has no traditional statewide homestead exemption that lowers assessed value. Owner-occupant relief instead flows through the ANCHOR program (benefits up to $1,750 a year based on age and income) and, starting with the 2026 benefit year, the Stay NJ program for seniors, which aims to cut property taxes up to 50%, capped at $6,500.
Seniors 65+, permanently disabled residents, and qualifying surviving spouses 55+ may claim a $250 annual deduction (income under $10,000 excluding Social Security), and the Senior Freeze reimburses eligible owners for property-tax increases above their base year. Veterans receive a $250 deduction, and honorably discharged veterans who are 100% permanently and totally service-connected disabled — or their surviving spouses — receive a full exemption on their principal residence.
Property taxes are billed annually and paid in four quarterly installments due February 1, May 1, August 1, and November 1, usually with a 10-day grace period. Interest accrues on late payments, and prolonged delinquency can trigger a tax lien sale.
Appeal your assessment to the County Board of Taxation, generally by April 1 (May 1 in a town that just did a revaluation or reassessment). Assessments over $1,000,000 may be appealed directly to the New Jersey Tax Court.
New Jersey has the highest effective property tax rate in the country, about 2.23% of home value. Actual rates are set locally and vary widely by municipality and county.
The Senior Freeze program doesn't literally freeze the bill — it reimburses eligible seniors and disabled homeowners for the amount their taxes rise above their enrollment (base) year, provided they meet age, residency, and income rules.
Yes. Honorably discharged veterans certified as 100% permanently and totally disabled from service — and their eligible surviving spouses — qualify for a full exemption on their principal residence.