It's no surprise, for example, that the towns with lots of million-dollar houses would have higher average property taxes. New Jersey’s highest-in-the-nation property taxes crept 2.1 percent higher last year to hit an average of $8,953, an increase of $186. Equalized tax rate in East Orange in Essex County was 4.280 in 2017. Equalized tax rate in Pennsville Township, Salem County, was 4.053 in 2017, Average equalized tax rate in Salem County: 3.287, Equalized tax rate in Stratford Borough, Camden County, was 4.091 in 2017, Average equalized tax rate in Camden County: 3.523, Equalized tax rate in Merchantville Borough, Camden County, was 4.105 in 2017. This rate is used to compute the tax bill. All rights reserved (About Us). More:NJ property taxes: Search your town's average tax bill. 1. The average NJ property tax bill last year went up about $77. Pfeiffer noted that both Winfield Park and Audubon Park are outliers in New Jersey. The tax bills reflect the bill for each town’s average assessed residential property in 2018. Home; General Tax Rates by County and Municipality; General Tax Rates by County and Municipality. But that's not always true. Others, however, assess homes at a much lower value because decades have passed since their last revaluation. The setup is similar to a co-op, Pfeiffer said. At 19.231, Winfield Township, in Union County, had the highest equalized tax rate of any New Jersey municipality in 2017. Average equalized tax rate in Union County: 2.761. The amount paid by the average New Jersey property-tax payer increased by less than 1 percent last year, the smallest rise in decades. County-by-county, average tax bills ranged from a low of $4,412 in Cumberland County to a high of $12,531 in Essex County. The General Tax Rate is a multiplier for use in determining the amount of tax levied upon each property. But when it comes to … resources: property tax info. Three neighbors. It does this by showing what your tax rate would look like if every house was assessed at 100 percent of what it will get on the open market. Effective property tax rates on a county basis range from 0.91% to 2.46%. By Samantha Marcus | NJ Advance Media for NJ.com. A property tax is a municipal tax levied by counties, cities, or special tax districts on most types of real estate - including homes, businesses, and parcels of land. Our list of the highest ones have far higher tax rates. Property taxes actually went down in in these N.J. towns, Here are the 30 N.J. towns with the highest property taxes, Here are the 30 N.J. towns with the lowest property taxes, Which N.J. counties have the highest, lowest property taxes, N.J. property taxes hit a record high in 2017. More:NJ property taxes: Search your town's average tax bill. Equalized tax rate in Mount Ephraim Borough, Camden County, was 4.390. MORRIS COUNTY, NJ – The Murphy administration released the calendar year 2019 property tax data for New Jersey's municipalities on Wednesday. Follow her on Twitter @samanthamarcus. Property taxes are figured by the rate towns charge and how much the town says your house is worth, something called the assessed value. So far this year we've shown you where to find the highest and lowest average property tax bills in 2017. Registration on or use of this site constitutes acceptance of our User Agreement, Privacy Policy and Cookie Statement, and Your California Privacy Rights (each updated 1/1/21). It is expressed as $1 per $100 of taxable assessed value. Average equalized tax rate in Salem County: 3.287. Interested in the hot real estate market in your town? The median property tax in New Jersey is $6,579.00 per year for a home worth the median value of $348,300.00. The local government in New Jersey administrates all property taxes and the property tax rates which vary by county. For instance, in 2009, Corzine’s last year in office, the average property tax bill in New Jersey was $7,281. When combined with relatively high statewide property values, the average property tax payment in New Jersey is over $8,400. There is one residential tax bill that is divvied up among the residents. To use the calculator, just enter your property's current market value (such as a current appraisal, or a recent purchase price). 2017 average property tax bill: $11,919. $1,600 tax gap. At 5.764, Audubon Park Borough, Camden County, had the fourth-highest equalized tax rate. Between 2016 and 2017, the average homeowner's tax bill rose to $8,690, an increase of less than 1 percent –an improvement over the 2016 hike of 2.3 percent. New Jersey has one of the highest average property tax rates in the country, with only states levying higher property taxes. At 6.368, Salem in Salem County had the third-highest equalized property tax rate in New Jersey. 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