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2.26%
- The average effective property tax rate in New Jersey is 2.26%, compared to the national average of 0.99%.
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Elizabeth, NJ in Union County has the highest property tax rate in NJ with a General Tax Rate of 30.579. Which Town in NJ has the Lowest Property Tax Rate? Avalon, NJ in Cape May County has the lowest property tax rate in NJ with a General Tax Rate of 0.568.
Dec 3, 2020 · A town's general tax rate is calculated by dividing the total dollar amount it needs to raise to meet local budget expenses by the total assessed value of all its taxable property. An individual's property taxes are then calculated by multiplying that general tax rate by the assessed value of his particular property.
- 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
Homeowners in New Jersey pay the highest property taxes of any state in the country. In fact, rates in some areas are more than double the national average. The average effective property tax rate in New Jersey is 2.26%, compared to the national average of 0.99%.
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Property taxes are top of mind for many New Jersey homeowners. The state has the highest property taxes in the nation, with an average property tax bill of more than $8,400, and recent federal tax law changes limited the annual deduction for state and local taxes to $10,000.
Apr 29, 2024 · The General Tax Rate is a multiplier for use in determining the amount of tax levied upon each property. It is expressed as $1 per $100 of taxable assessed value. This rate is used to compute the tax bill. Example General Tax Rate: Assessed Value 150,000 x General Tax Rate .03758 = Tax Bill 5,637.
