Township Parsippany-Troy Hills is a township in New Jersey, in Morris County.
The median owner-occupied home in Parsippany-Troy Hills had a real-estate tax bill of $10,001 a year, compared with $9,541 in New Jersey and $2,969 nationwide. The median home value was $520,200 (± $15,116), compared with $427,600 in New Jersey and $303,400 nationwide.
| Measure | Parsippany-Troy Hills | New Jersey | United States |
|---|---|---|---|
| Population | 56,072 ± 56 | 9,267,014 | 332,387,540 |
| Median annual property tax bill (homeowners) | $10,001 | $9,541 ± $25 | $2,969 ± $3 |
| Median home value | $520,200 ± $15,116 | $427,600 ± $1,335 | $303,400 ± $362 |
| Median household income | $112,923 ± $5,651 | $101,050 ± $527 | $78,538 ± $176 |
| Property tax as a share of home value (calculated) | 1.92% | 2.23% ± 0.01 points | 0.98% ± under 0.01 points |
| Homes lived in by their owners | 59.8% ± 1.5 points | 63.7% ± 0.3 points | 65.0% ± 0.3 points |
| Owner households headed by someone 65 or older | 31.1% ± 2.8 points | 31.9% ± 0.2 points | 32.6% ± 0.2 points |
| Owners spending 30% or more of income on housing costs | 27.3% ± 3.3 points | 28.7% ± 0.3 points | 22.2% ± 0.1 points |
How to read these numbers
- These are estimates from a survey, not a count. The American Community Survey asks a sample of households. The ± figure is the Census Bureau’s margin of error: the true value is very likely within that range of the estimate. Small places have large margins.
- “Too imprecise to report” means the margin of error is at least half of the estimate, so printing the number would suggest accuracy that does not exist. A “rough guide only” note means the margin is a quarter to a half of the estimate.
- Property tax bill and home value are medians for owner-occupied homes. Half of the homes are above the figure and half below. A median bill is not the rate set by a city or town; the bill combines taxes levied by every local government that serves the home, such as the school district and county.
- “Calculated” rows are worked out by Untax the Roof from the Census figures above them. They compare two medians, so they describe the place, not a particular household.
- Missing is not zero. Where the Census Bureau publishes no figure, this page says so.
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.
If property taxes go unpaid in New Jersey
How it works. Municipal tax-sale certificate system followed by Superior Court foreclosure of right of redemption; current law also provides owner-requested judicial/sheriff sale route to preserve equity
Excess sale money. P.L.2024 c.39 allows owner/heirs to request judicial or Internet auction; sale proceeds after certificate/redemption amount and allowed costs produce surplus handled under mortgage-foreclosure surplus procedures. If owner/heirs do not request that sale under current enacted law, ordinary foreclosure can proceed without auction and current statute states no equity claim against certificate holder. A 2026 bill proposing automatic surplus return is introduced but not verified enacted
These rules are set by New Jersey, not by Parsippany-Troy Hills, so this section is the same for every place in the state. Last verified 2026-09-25. See the full New Jersey entry with statute links.