According to a recent study released by Wallet Hub, residents of New Jersey pay the highest property ... [+] taxes. Montclair homeowners pay — on average – $19,065 in property taxes (Glen Ridge hit #6, with an average tax bill of $19,659). Property tax rates should be among the major determinants of your real estate investing decision. 1 for having the lowest property taxes, Illinois and New Jersey come in last with the nation’s highest annual property taxes. Lowest and Highest Property Tax Rates for Towns in Burlington County, NJ on a map. At the opposite end of the extreme, the median property value in New Jersey is approximately 50 percent above the national median, yet the median property tax paid by its residents exceeds the national median by more than 260 percent—the result of an extremely high effective tax rate. Property taxes are figured by the rate towns charge and how much the town says your house is worth, something called the assessed value. Methodology. The additional tax on income earned above $1 million is the state's 1% mental health services tax. New Jersey’s highest-in-the-nation property taxes rose again last year by more than the state cap allows, and while schools remain the biggest spenders of tax … Last Updated on 10/4/2019 Bergen County, NJ Municipalities 2019 Property Tax Rate Allendale (Borough) 2.297 Alpine (Borough) 0.776 Bergenfield (Borough) 3.238 Bogota (Borough) 3.920 Carlstadt (Borough) 1.922 Cliffside Park (Borough) 2.438 Closter (Borough) 2.226 Cresskill (Borough) 2.399 Demarest (Borough) 2.545 Dumont (Borough) 3.594 East Rutherford (Borough) 1.778 Edgewater … Equalized tax rate in Somerdale Borough, Camden County, was 4.083 in 2018, Average equalized tax rate in Camden County: 3.528, Equalized tax rate in Westville Borough, Gloucester County, was 4.096 in 2018, Average equalized tax rate in Gloucester County: 3.2, Equalized tax rate in Magnolia Borough, Camden County, was 4.098 in 2018, Equalized tax rate in Gloucester City, Camden County, was 4.146 in 2018, Equalized tax rate in Woodbury Heights Borough, Gloucester County, was 4.160 in 2018, Equalized tax rate in Bridgeton, Cumberland County, was 4.190 in 2018, Average equalized tax rate in Cumberland County: 2.91, Equalized tax rate in Washington Borough, Warren County, was 4.196 in 2018, Average equalized tax rate in Warren County: 2.97, Equalized tax rate in Prospect Park Borough, Passaic County, was 4.215 in 2018, Average equalized tax rate in Passaic County: 3.007, Equalized tax rate in Clementon Borough, Camden County, was 4.239 in 2018, Equalized tax rate in Merchantville Borough, Camden County, was 4.247 in 2018, Equalized tax rate in Beverly, Burlington County, was 4.274 in 2018, Average equalized tax rate in Burlington County: 2.672, Equalized tax rate in Pennsville Township, Salem County, was 4.339 in 2018, Average equalized tax rate in Salem County: 3.393, Equalized tax rate in National Park Borough, Gloucester County, was 4.347 in 2018, Equalized tax rate in Mount Ephraim Borough, Camden County, was 4.439 in 2018, Equalized tax rate in City of Orange Township, Essex County, was 4.474 in 2018, Average equalized tax rate in Essex County: 2.704, Equalized tax rate in Roselle Borough, Union County, was 4.593 in 2018, Average equalized tax rate in Union County: 2.714, Equalized tax rate in Woodbury, Gloucester County, was 4.614 in 2018, Equalized tax rate in Egg Harbor, Atlantic County, was 4.832 in 2017, Average equalized tax rate in Atlantic County: 2.605, Equalized tax rate in Pine Hill Borough, Camden County, was 4.833 in 2018, Equalized tax rate in Penns Grove Borough, Salem County, was 4.835 in 2018, Equalized tax rate in Lindenwold Borough, Camden County, was 4.849 in 2018, Equalized tax rate in Laurel Springs Borough, Camden County, was 4.849 in 2018, Equalized tax rate in Pleasantville, Atlantic County, was 4.896 in 2018, Equalized tax rate in Trenton, Mercer County, was 4.946 in 2018, Average equalized tax rate in Mercer County: 2.736, Equalized tax rate in Hi-nella Borough, Camden County, was 5.003 in 2018, Equalized tax rate in Irvington Township, Essex County, was 5.082 in 2018, Equalized tax rate in Audubon Park Borough, Camden County, was 5.805 in 2018, Equalized tax rate in Salem, Salem County, was 6.136 in 2018, Equalized tax rate in Woodlynne Borough, Camden County, was 7.475 in 2018, Equalized tax rate in Winfield Township, Union County, was 19.422 in 2018. Median tax … We have higher than average labor costs. 2.612. The median rate is 5.53% for single filers making more than $40,000 or joint filers making more than $70,000. See rates for all towns, including: Evesham, Mount Laurel, Willingboro, Pemberton, Medford, Burlington. Vermont Business Magazine A national real estate data firm has released its 2019 property tax analysis for more than 86 million U.S. single family homes, which shows that property taxes levied on single family homes in 2019 totaled $306.4 billion, up 1 percent from $304.6 billion in 2018 and an average tax amount of $3,561 per home — an effective tax rate of 1.14 percent. All rights reserved (About Us). Property taxes matter to businesses for several reasons. New Jersey Property Tax Rates Hover or touch the map below for more tax rates. For real-estate property tax rates, we divided the “median real-estate tax payment” by the “median home price” in each state. The average American household spends $2,375 annually on real estate property taxes, and, according to the National Tax Lien Association, more than $14 billion in property taxes go unpaid each year. Yet in some towns, the average is double and even triple that. More:NJ property taxes: Schools soak up more than half of the average tax bills Divided by a river. 5. But when it comes to these taxes, not all towns are created equal. See Rates for all Cities, Boroughs, & Townships, including: Parsippany-Troy Hills, Mount Olive, Randolph, Rockaway, et al. 2019 Effective Tax Rate. 3.029. Take for example, Brielle and Point Pleasant. The equalized tax rate shows what your tax rate would look like if every house was assessed at 100 percent of what it will get on the open market, he’s said. This rate is used to compute the tax bill. New Jersey and Minnesota New Jersey Top tax rate: 8.97 percent. New Jersey is the state with the highest aggregate property taxes paid at 2.13% of state home value. New Jersey has the highest property taxes in the nation with the statewide average bill coming in at $8,549. States with the highest effective property tax rates were Illinois (2.22%), New Jersey (2.19%), Texas (2.11%), Vermont (2.11%), and Connecticut (2.04%). But looking at the average tax bill is not the best way to measure which towns take the biggest bite. 2019 General Tax Rate 2019 Effective Tax Rate; Carteret, NJ: 2.793: 2.657: Cranbury, NJ: 1.799: 1.734: Dunellen, NJ: 3.103: 3.265: East Brunswick, NJ: 11.02: 2.679: Edison, NJ: 5.408: 2.217: Helmetta, NJ: 3.089: 2.631: Highland Park, NJ: 8.415: 3.422: Jamesburg, NJ: 6.185: 3.269: Metuchen, NJ: 5.962: 2.628: Middlesex, NJ: 9.167: 2.899: Milltown, NJ: 6.062: 2.945: Monroe, … New Jersey is also the state with the highest property taxes in the U.S. Minnesota Middle class tax rate: 7.1 percent. 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