Loan Tax CalculatorNew Jersey property tax
Effective rate
1.88%
Median home value
$548,338
Average annual tax
$10,309
Rank of 51
#1
1 = highest effective rate
New Jersey's rate is 0.98 points above the national average of 0.90%. On the median-priced New Jersey home, that's about $859 per month added to the mortgage payment.
Estimate your New Jersey property tax
Annual tax—
Monthly escrow—
At the average effective rate of 1.88%. Local county and municipal rates vary.
Tax on typical home values
| Home value | Annual tax | Monthly escrow |
|---|---|---|
| $250,000 | $4,700 | $392 |
| $400,000 | $7,520 | $627 |
| $600,000 | $11,280 | $940 |
How New Jersey compares
New Jersey (this state)1.88%
New York1.30%
Pennsylvania1.26%
Delaware0.50%
National average0.90%
Homestead exemptions & relief
No general homestead exemption for property tax reduction; ANCHOR program provides $1,000-$1,750 direct homeowner assistance; highest property tax rates nationally