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Feb 19, 2024 · The average New Jersey property-tax bill increased by more than $300 last year and now tops $9,800, according to the latest data from the state. The year-over-year increase helped raise more than $33 billion from property owners that eventually went to school districts and municipal and county governments, according to the comprehensive data posted online Friday by the Department of Community ...
- John Reitmeyer
- New Jersey Property Tax Rates
- New Jersey Property Tax Calculator
- New Jersey Property Taxes by County
Property taxes are collected on a county level, and each county in New Jersey has its own method of assessing and collecting taxes. As a result, it's not possible to provide a single property tax rate that applies uniformly to all properties in New Jersey. Instead, Tax-Rates.org provides property tax statistics based on the taxes owed on millions o...
While the exact property tax rate you will pay will vary by county and is set by the local property tax assessor, you can use the free New Jersey Property Tax Estimator Toolto calculate your approximate yearly property tax based on median property tax rates across New Jersey. If you would like to get a more accurate property tax estimation, choose ...
You can choose any county from our list of New Jersey counties for detailed information on that county's property tax, and the contact information for the county tax assessor's office. Alternatively, you can find your county on the New Jersey property tax map found at the top of this page. Hint: Press Ctrl+F to search for your county's name
Feb 20, 2024 · New Jersey homeowners, on average, paid $9,803 in property taxes — a jump by more than $300. Homeowners are paying over $10,000 in property taxes on average in eight of New Jersey's 21 counties.
The general tax rate is used to compute the tax on a property. The Effective Tax Rate is used to compare one district to another, assuming districts are at 100% valuation. The effective tax rate should not be used to calculate property tax. 2023 New Jersey Property Tax Rates. Scroll the table to see all counties. View the map below for more info.
Feb 15, 2024 · Over $1 million. 10.75 percent. Source: New Jersey Department of the Treasury. Not all of your income is taxed at the same rate. For example, if you’re a single filer and earned $75,000 in taxable income, the first $20,000 is taxed at 1.4 percent, the next $20,000 to $35,000 is taxed at 1.75 percent, and so on.
- Natalie Missakian
38 NEW MILFORD BORO $12,304 39 NORTH ARLINGTON BORO $10,252 40 NORTHVALE BORO $11,785 41 NORWOOD BORO $14,396 42 OAKLAND BORO $12,622 43 OLD TAPPAN BORO $16,759 44 ORADELL BORO $15,987 45 PALISADES PARK BORO $10,462 46 PARAMUS BORO $10,930 47 PARK RIDGE BORO $14,642 Taxation - Local Property Tax MOD IV- Average Residential Tax Report TaxYear - 2022
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Rates in some areas are more than double the national average. The average effective property tax rate in New Jersey is 2.26%, compared with a national average of 0.99%. When combined with relatively high statewide property values, the average property tax payment in New Jersey is over $8,700. Don’t let the high property taxes scare you away ...
