Property tax estimate

New Jersey Property Tax Calculator

Estimate annual and monthly property taxes in New Jerseyusing the state's average effective property tax rate of 2.23%. Enter a home value below to see an instant estimate — free and with no sign-up.

Last updated 2026-05-31

Average property tax rate: 2.23%.

Home value

New Jersey consistently posts the highest average effective property tax rate in the U.S., though bills vary widely by municipality.

Annual estimate

$11,150

Monthly estimate

$929

How to calculate property taxes in New Jersey

To estimate property taxes in New Jersey, multiply the home value by the local property tax rate. This page applies the state average effective rate of 2.23%, so a property valued at $500,000 would have an estimated annual property tax of $11,150.

New Jersey consistently posts the highest average effective property tax rate in the U.S., though bills vary widely by municipality.

Actual tax bills can include county, city, school district, exemption, and assessment rules, so investors should verify the final number with the local assessor before closing.

Comparing returns across markets? Use the cap rate calculator and cash-on-cash return calculator, which let you include property taxes as an operating expense.

New Jersey property tax FAQ

What is the average property tax rate in New Jersey?

The average effective property tax rate in New Jersey is about 2.23%, which is above the U.S. average of roughly 1.07%. Effective rate means annual tax divided by market value; your local rate may differ by county and city.

How much is property tax on a $400,000 home in New Jersey?

Using New Jersey's average effective rate of 2.23%, a $400,000 home owes about $8,920 per year in property tax, or roughly $743 per month. Actual bills vary with local rates and exemptions.

How do I calculate property tax in New Jersey?

Multiply your home's value by the local property tax rate. This calculator applies New Jersey's average effective rate of 2.23%, but you should confirm the exact county, city, and school district rates and any available exemptions with your local assessor.

This estimate uses New Jersey's average effective property tax rate and is for educational purposes only — not tax advice. Confirm your exact rate and exemptions with your county assessor.