Calculate property taxes on any home in New Jersey. The average effective property tax rate is 2.47% — higher than the national average of 1.07%.
Annual Tax (Median Home)
$11,856
Monthly Tax
$988
Tax Rate
2.47%
Avg effective rate
vs. National Avg
+$6,720
National avg: 1.07%
| Home Value | $480,000 | Median home price in New Jersey (2025) |
| Effective Tax Rate | 2.47% | New Jersey statewide average |
| Annual Tax | $11,856 | Home value × effective rate |
| Monthly Tax | $988 | Annual ÷ 12 months |
| National Avg Rate | 1.07% | US average effective rate |
| vs. National (annual) | +$6,720 | Difference vs. national avg on same home |
New Jersey's effective property tax rate of 2.47% is higher than the national average of 1.07%. On the median home price of $480,000, homeowners pay approximately $11,856 per year — or $988 added to their monthly housing costs.
Property tax rates vary significantly within New Jersey by county and municipality. The effective rate represents taxes paid as a percentage of home market value. Some counties may assess property at a fraction of market value, so the nominal (millage) rate may differ from the effective rate shown here.
