New Jersey Property Tax Calculator
Applies New Jersey’s effective rate of 1.88%.
New Jersey property tax estimator
Applies New Jersey’s effective rate of 1.88%.
Estimated annual tax —
Monthly escrow —
Saved by exemption —
New Jersey at a glance
| Figure | New Jersey | Source |
|---|---|---|
| Effective property tax rate | 1.88% | [1] |
| Median home value | $585,000 | [1] |
| Tax on the median home | $10,998 | [1] |
| Homestead exemption | None / local only | [2] |
New Jersey highlighted. Same data as the table below, shown as a distribution so the comparison is visible at a glance.
Highlighted: New Jersey, ranked 2 of 50. Median 0.79%.
New Jersey property tax by home value
Annual tax at New Jersey's 1.88% effective rate, with and without homestead.
| Home value | Annual | Monthly | No exemption |
|---|---|---|---|
| $75,000 | $1,410 | $117 | $1,410 |
| $100,000 | $1,880 | $157 | $1,880 |
| $125,000 | $2,350 | $196 | $2,350 |
| $150,000 | $2,820 | $235 | $2,820 |
| $175,000 | $3,290 | $274 | $3,290 |
| $200,000 | $3,760 | $313 | $3,760 |
| $225,000 | $4,230 | $352 | $4,230 |
| $250,000 | $4,700 | $392 | $4,700 |
| $300,000 | $5,640 | $470 | $5,640 |
| $350,000 | $6,580 | $548 | $6,580 |
| $400,000 | $7,520 | $627 | $7,520 |
| $450,000 | $8,460 | $705 | $8,460 |
| $500,000 | $9,400 | $783 | $9,400 |
| $600,000 | $11,280 | $940 | $11,280 |
| $700,000 | $13,160 | $1,097 | $13,160 |
| $850,000 | $15,980 | $1,332 | $15,980 |
| $1,000,000 | $18,800 | $1,567 | $18,800 |
| $1,250,000 | $23,500 | $1,958 | $23,500 |
Worked figures for New Jersey
New Jersey values:
| Value | Annual | Monthly | Effective |
|---|---|---|---|
| $100,000 | $1,880 | $157 | 1.88% |
| $150,000 | $2,820 | $235 | 1.88% |
| $200,000 | $3,760 | $313 | 1.88% |
| $250,000 | $4,700 | $392 | 1.88% |
| $300,000 | $5,640 | $470 | 1.88% |
| $400,000 | $7,520 | $627 | 1.88% |
| $500,000 | $9,400 | $783 | 1.88% |
| $600,000 | $11,280 | $940 | 1.88% |
| $750,000 | $14,100 | $1,175 | 1.88% |
| $900,000 | $16,920 | $1,410 | 1.88% |
| $1,000,000 | $18,800 | $1,567 | 1.88% |
| $1,500,000 | $28,200 | $2,350 | 1.88% |
How New Jersey compares nationally
On effective property tax rate, New Jersey ranks #2 of 50 at 1.88% — 138% above the median of 0.79%. The national range runs from 0.29% (Hawaii) to 1.88% (Illinois).
| Rank | State | Effective property tax rate |
|---|---|---|
| #1 | Illinois | 1.88% |
| #2 | New Jersey | 1.88% |
| #3 | Connecticut | 1.54% |
| #4 | Vermont | 1.51% |
High effective rate (1.5%+)s, ranked
Same rule structure as New Jersey:
| State | Effective property tax rate | vs New Jersey |
|---|---|---|
| Illinois | 1.88% | 0.0% |
| New Jersey | 1.88% | — |
| Connecticut | 1.54% | -18.1% |
New Jersey questions, answered with New Jersey numbers
What is property tax on a median New Jersey home?▾
New Jersey's median home is $585,000 and its effective rate is 1.88%, giving roughly $10,998 a year — about $916 a month in escrow.
What about a $500,000 home?▾
Approximately $9,400 annually.
Does New Jersey have a homestead exemption?▾
New Jersey has no flat statewide homestead exemption; relief is handled locally, so check with your county assessor.
Other high effective rate (1.5%+)s
Last reviewed 2026-08-26. New Jersey figures only — verify with the relevant New Jersey agency before acting. How this is calculated.