New Jersey Property Tax Calculator 2026

Calculate property taxes in New Jersey. The average effective property tax rate in NJ is 1.68%, which is above the national average of 0.89%. Estimate your annual property tax bill.

By Konstantin Iakovlev · Updated October 19, 2026 · Methodology

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Annual Property Tax

$5,880.00

Monthly Equivalent

$490.00

Effective Rate

1.680%

Property Tax Breakdown

Assessed Value$350,000.00
Homestead Exemption$0.00
Taxable Value$350,000.00
Annual Tax$5,880.00
Monthly Equivalent$490.00

Disclaimer: This calculator is for informational purposes only and does not constitute tax, financial, or legal advice. Results are estimates based on the information you provide and current rates. Always consult a qualified tax professional or financial advisor for advice specific to your situation.

New Jersey Property Tax Guide

New Jersey carries one of the heaviest property tax burdens in the nation, with an average effective rate of about 1.68% of a home's value, second only to Illinois and nearly double the roughly 0.9% national average. On a home worth $400,000, that average works out to roughly $6,720 a year, and many towns run well above it; because towns assess at different shares of market value, apply the 1.68% to what the home is worth, not to the assessed value on your bill. The tax funds local schools, county government, and municipal services, which is why bills vary so sharply from one town to the next.

There is no statewide property tax office; assessment and billing happen locally. Each municipality assesses property, the county handles equalization, and your bill blends school, county, and municipal levies into one number. New Jersey offers relief through programs administered by the Division of Taxation, including the ANCHOR benefit and the Senior Freeze for qualifying older homeowners. To rough out a bill yourself, multiply your assessed value by your town's total tax rate, expressed as a rate per $100 of assessed value.

New Jersey Property Tax Details (2026)

Avg. Effective Property Tax Rate 1.68%
National Average 0.89%
vs. National Average 0.79 points above
Estate Tax None
State Sales Tax 6.63%
State Income Tax progressive (up to 10.75%)

Official Sources:

New Jersey Property Tax FAQ

Why are New Jersey property taxes among the highest in the country?
New Jersey's average effective property tax rate sits around 1.68%, against a national average near 0.9%, largely because local property taxes are the main way the state funds public schools and municipal services. With more than 500 separate municipalities each setting their own levies, the burden is heavy and uneven. Towns with strong school spending and high services tend to carry the steepest rates.
How is my New Jersey property tax bill calculated?
Your bill is your property's assessed value multiplied by the combined local tax rate, which bundles school, county, and municipal portions into a single rate per $100 of assessed value. Because each town sets its own total rate, two similar homes in neighboring municipalities can owe very different amounts. The 1.68% figure is a statewide average, not the rate in any one town.
Who assesses and collects property tax in New Jersey?
Assessment and collection are local, not statewide. Each municipality assesses property and bills the tax, while the county handles equalization to keep assessments comparable across towns. The state Division of Taxation oversees the broader system and runs relief programs, but it does not send out individual property tax bills.
What property tax relief does New Jersey offer homeowners?
New Jersey runs several relief programs through the Division of Taxation: the ANCHOR benefit for eligible homeowners and renters; the Senior Freeze, which reimburses qualifying older residents for increases in their property taxes; and Stay NJ for homeowners 65 and older. Under the fiscal 2027 budget, Stay NJ benefits for the 2025 tax year go to seniors with income up to $200,000, with a maximum of $6,500 up to $100,000 of income, $5,000 up to $150,000 and $4,000 up to $200,000; applications for 2025 are due November 2, 2026. These programs reduce the net cost rather than the assessed rate itself.

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