2026 effective rate · 2.26% · well above the US average (0.99%)
New Jersey Property Tax Calculator
Estimate annual and monthly property tax in New Jersey. The state's effective property tax rate is 2.26% (among the highest in the US, vs the US average of about 0.99%). On a $401,400 median-value home, that works out to about $9,076 per year or $756 per month.
New Jersey median home property tax
$9,072 per year
$756 per month at the median home value of $401,400
Effective rate 2.26% times $401,400 = $9,072
New Jersey property tax at common home values
| Home value | Annual property tax | Monthly | % of value |
|---|---|---|---|
| $150,000 | $3,390 | $283 | 2.26% |
| $250,000 | $5,650 | $471 | 2.26% |
| $350,000 | $7,910 | $659 | 2.26% |
| $401,400 (median) | $9,072 | $756 | 2.26% |
| $500,000 | $11,300 | $942 | 2.26% |
| $750,000 | $16,950 | $1,413 | 2.26% |
Uses New Jersey's 2026 effective rate (2.26%). Actual taxes vary by county and exemptions. For full PITI mortgage estimate including taxes + insurance, use the New Jersey mortgage calculator.
New Jersey property tax overview
New Jersey has the HIGHEST effective property tax rate in the US (2.26%) and the highest median property tax bills ($9,076). ANCHOR program provides partial property tax relief. Mortgage budgeting must account for $750+/month average in property tax alone.
New Jersey's effective rate of 2.26% ranks among the highest in the US nationally. Median annual property tax: $9,076. Median home value: $401,400.
New Jersey vs neighboring states
| State | Effective rate | Median home | Median annual tax |
|---|---|---|---|
| New Jersey (this page) | 2.26% | $401,400 | $9,076 |
| New York | 1.46% | $384,100 | $6,280 |
| Pennsylvania | 1.43% | $239,800 | $3,440 |
| Delaware | 0.55% | $305,900 | $1,756 |
FAQs about New Jersey property tax
What is the property tax rate in New Jersey?
New Jersey's effective property tax rate is 2.26% (among the highest in the US, vs national average of ~0.99%). On a $401,400 median-value home, that's about $9,076 per year, or roughly $756 per month added to your housing cost.
How is property tax calculated in New Jersey?
Property tax = assessed value times the local mill rate (millage). The effective rate (2.26%) is what you actually pay as a percentage of market value, accounting for assessment ratios, exemptions, and millage. For a home valued at X, multiply X by 2.26% for an annual estimate.
When are property taxes due in New Jersey?
Property tax due dates vary by county within New Jersey. Most counties bill annually with either a single payment or two installments. Common payment deadlines fall in late summer (1st half) and late winter (2nd half). Check with your county tax assessor for exact dates and any escrow arrangements through your mortgage lender.
Does New Jersey have a homestead exemption?
New Jersey offers various property tax relief programs. New Jersey has the HIGHEST effective property tax rate in the US (2.26%) and the highest median property tax bills ($9,076). ANCHOR program provides partial property tax relief. Mortgage budgeting must account for $750+/month average in property tax alone. Check with your county assessor for primary-residence exemptions and senior or disabled programs that may reduce your annual property tax bill.
How does New Jersey property tax compare to neighboring states?
New Jersey's 2.26% rate compares to: New York (1.46%), Pennsylvania (1.43%), Delaware (0.55%). Property tax burden can vary significantly between neighboring states — moving 30 miles across a state line can change your annual tax bill by thousands.
Can I appeal my property tax assessment in New Jersey?
Yes. Every US state including New Jersey provides a formal property tax appeal process. Steps: (1) request your property's assessment record from the county assessor, (2) gather comparable sales from your neighborhood, (3) file a formal appeal within the deadline (usually 30-60 days after assessment notice). Successful appeals typically save 5-15% on annual tax bills.
How can I lower my New Jersey property taxes?
Common strategies: apply for homestead exemption (primary residence), senior or disabled exemptions if eligible, veteran's exemptions, and appeal over-assessment. Track your county's assessment notices carefully and verify the appraisal matches recent comparable home sales. Avoid major visible upgrades right before reassessment dates.