New Jersey

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Median effective property tax rate
2.23%
Median annual property tax bill
$9,541
Median home value
$427,600

Source: U.S. Census Bureau, ACS 5-Year Estimates (2019-2023), pulled 2026-09-15.

Census figures for New Jersey, with margins of error

The median owner-occupied home in New Jersey had a real-estate tax bill of $9,541 (± $25) a year, compared with $2,969 nationwide. The median home value was $427,600 (± $1,335), compared with $303,400 nationwide.

U.S. Census Bureau estimates for New Jersey and the United States, with margins of error
MeasureNew JerseyUnited States
Population 9,267,014 332,387,540
Median annual property tax bill (homeowners) $9,541 ± $25 $2,969 ± $3
Median home value $427,600 ± $1,335 $303,400 ± $362
Median household income $101,050 ± $527 $78,538 ± $176
Property tax as a share of home value (calculated) 2.23% ± 0.01 points 0.98% ± under 0.01 points
Homes lived in by their owners 63.7% ± 0.3 points 65.0% ± 0.3 points
Owner households headed by someone 65 or older 31.9% ± 0.2 points 32.6% ± 0.2 points
Owners spending 30% or more of income on housing costs 28.7% ± 0.3 points 22.2% ± 0.1 points
How to read these numbers

Source: U.S. Census Bureau, American Community Survey 5-year estimates, 2019–2023: tables B25103 (real estate taxes), B25077 (home value), B19013 (household income), B01003 (population), B25003 (owners and renters), B25007 (age of householder), B25091 (housing costs as a share of income); see the Census ACS data page.

Counties in New Jersey

Cities in New Jersey (678)

Towns & townships in New Jersey (540)

New Jersey organizes local government by town/township, a separate structure from incorporated cities above.