30 highest N.J. property tax towns and your comments (2024)

1 ganewsweather FARRELL

Cars travel on Rt. 9W in Alpine as a sign welcomes them to snowy New Jersey. (Tim Farrell | The Star-Ledger)

TRENTON-- New Jersey's average property tax bill rose to $8,549 in 2016, and the highest property taxes in the U.S. got higher.

Tiny Tavistock borough in Camden County tops ourlistof municipalities across the state with an average property tax bill of $31,128. Of course, the borough's population is in the single digits.

But next on the list is Millburn, with a$23,327 average tax bill. Loch Arbour ($22,323), Alpine ($20,910), Tenafy ($19,866), Mountain Lakes ($19,775), Rumson ($19,146), Glen Ridge ($19,045), Mendham ($18,752), and Essex Fells ($18,743) round out the top 10.

New Jersey residents love to vent their frustrationswith sky-high property tax bills. Here are some of your comments:

john:If you have don't have kids, MOVE ASAP.

mrdenis: You never "own" a home in NJ ... you just rent from the state and they charge whatever they need to continue their corruption.

Archduke F: Looking at average property tax bills is useless. The property values in many of these towns are very high, in addition most of these towns have top schools and other amenities. To understand property tax burdens, you need to look at home values, average homeowner incomes, quality of schools and other city amenities. When you take all of that into consideration, you'll find that property tax burdens are highest in poor areas like Paterson and Irvington, and modest in very wealthy towns.

(For the record, we have alsocompared where property taxes are the largestand smallestshare of income.)

Reasonable:The cost of funding the government increase faster than the income of the vast majority of people. Unless that government cost actually decreases (let alone remains flat) the future looks dismal for RE ( home ownership) for a huge chunk of the middle class.

Tony Novak: It depends on how you look at it. If you look at the property tax as a percentage of the property's market value then we pay a much higher rate in Downe Township, Cumberland County than any of these in the list. My home at Money Island now has a tax rate more than 4% of market value. Compare that to Tavistock, for example, that pays less than 2% for a much higher level of service that includes police, trash, library, etc. that we do not have here. We are among the poorest communities in the state but have the highest effective property tax rate as far as I can tell.

Jimmytown: You only have to pay these taxes on average for 12 years per kid since many of the residents sell as soon as their kid graduates HS.

H.L.Mencken: Although informative, this article doesn't tell the full story. Property taxes in NJ are among the worst in the nation. We need to change how schools and municipalities gain revenue and spend in order to bring this under control! How we pay for public education is another issue that needs to be addressed. We should not be solely dependent on property taxes to pay for it!

Deletebutton@sl: A nice "another reason why I got to leave" article to go with the morning coffee.

EmperorBill:The real problem is the current State 1947 Constitution of Home Rule. This needs to be eliminated by a new State Constitution. Then schools can be consolidated by County. 565 plus Superintendents can be eliminated, police forces can be consolidated by County, Fire Districts can be consolidated by County, Health Departments can be consolidated by County, Human Resource Departments can be consolidated by County and local governments can get back to doing what is necessary at the local level. People always throw in southern states to show lower taxes, however they are structured differently and mostly are run by Parish, in otherwords like Counties should be up North and that is consolidated. Your Legislators will tell you there is limited savings. They are wrong. The savings comes in administration. Just ask yourself this question - why do we need more school superintendents then we have municipalities?

Samantha Marcus may be reached at[email protected]. Follow her on Twitter@samanthamarcus. FindNJ.com Politics on Facebook.

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30 highest N.J. property tax towns and your comments (2024)

FAQs

Which NJ towns have the highest property taxes? ›

Property taxes: $24,947

Millburn isn't only the highest in Essex County, it's the most expensive for homeowners in all of New Jersey. It bumped up roughly $300 from 2022.

What town in NJ has the cheapest property taxes? ›

Due to its unique characteristics, Walpack has no school tax, nor does it have a municipal tax. The town's average tax bill for 2023 was a mere $456, state Department of Community Affairs records show. An extreme outlier in New Jersey, Walpack's tax rate is 0.666 cents for every $100 of assessed value.

Which town has the highest property taxes? ›

Top 10 Highest Real Estate Taxes Relative to Home Values
  • Bridgeport, Connecticut. ...
  • Aurora, Illinois. ...
  • Elgin, Illinois. ...
  • Rochester, New York. ...
  • Syracuse, New York. ...
  • Peoria, Illinois. ...
  • Lansing, Michigan. ...
  • Pearland, Texas. Pearland has the highest real estate tax and home value in the top 10.
Sep 27, 2023

Why does NJ have the highest property taxes? ›

Only New Jersey and Illinois have property taxes that are higher than 2%. In New Jersey, there's a strong emphasis on local control of public services, particularly education. Those education costs are amongst the highest in the nation, and they're mostly paid through property taxes.

What town has the highest tax rate? ›

1. Bridgeport, Connecticut. As one of the wealthiest cities in America, Bridgeport carries the highest overall tax rate in the nation. Wealthy taxpayers earning over $150,000 per year are on the hook for up to 22% in state and local taxes.

What towns in NJ have the highest household income? ›

The richest town in NJ is Short Hills, which boasts a median household income of $405,000. Short Hills also has some of the most expensive real estate in the state with the average home costing $2.12 Million. Alpine is the second wealthiest town in NJ, with a median household income of $230,000.

Where is the most affordable place to live in NJ? ›

10 Cheapest Places to Live in NJ
  • Camden. Cost of Living Compared to National Average. ...
  • Gloucester City. Cost of Living Compared to National Average. ...
  • Vineland. Cost of Living Compared to National Average. ...
  • Absecon. Cost of Living Compared to National Average. ...
  • Trenton. ...
  • New Brunswick. ...
  • Highland Park. ...
  • Atlantic City.
3 days ago

Is there a way to reduce property taxes in NJ? ›

Your local taxing authority, which could be your county, city, or town, typically determines the tax rate. You cannot do anything regarding the tax rate; however, you can contest your property's assessed value.

Where is the cheapest place to live with no taxes? ›

  • Wyoming. Cost-of-living index: 92.4.
  • South Dakota. Cost-of-living index: 92.4. ...
  • Texas. Cost-of-living index: 92.7. ...
  • Florida. Cost-of-living index: 100.7. ...
  • Nevada. Cost-of-living index: 101. ...
  • New Hampshire. Cost-of-living index: 114.1. ...
  • Washington. Cost-of-living index: 116.0. ...
  • Alaska. Cost-of-living index: 125.2. ...
Jul 6, 2024

Which 10 states have the highest property tax? ›

Here are the 10 states with the highest real estate property tax rates:
  • New Jersey.
  • Illinois.
  • Connecticut.
  • New Hampshire.
  • Vermont.
  • New York.
  • Texas.
  • Wisconsin.
Feb 20, 2024

What is the New Jersey property tax rate? ›

New Jersey Property Taxes

The average effective property tax rate in New Jersey is 2.26%, compared with a national average of 0.99%.

What state has the lowest taxes? ›

  • Alaska. #1 in Low Tax Burden. #45 in Best States Overall. ...
  • Florida. #2 in Low Tax Burden. #9 in Best States Overall. ...
  • South Dakota. #3 in Low Tax Burden. ...
  • Wyoming. #4 in Low Tax Burden. ...
  • Tennessee. #5 in Low Tax Burden. ...
  • New Hampshire. #6 in Low Tax Burden. ...
  • Texas. #7 in Low Tax Burden. ...
  • Oklahoma. #8 in Low Tax Burden.

What town in NJ has the highest taxes? ›

The five New Jersey cities and towns with the highest general property tax rates for 2023 were Elizabeth, Winfield, Union, East Brunswick, and Scotch Plains.

Where in NJ has the lowest property taxes? ›

Walpack Township in Sussex County has the lowest property tax bill of any town, at just $456. Taxes in the town decreased, on average, $38 per home from 2022. But Walpack is not a typical town. Fewer than 10 residents live in the town, which sits about a mile away from the Delaware River.

Who has higher property taxes NY or NJ? ›

Key takeaways on state property taxes in the US

New Jersey has the highest property tax rate at 2.47%, followed by Illinois, Connecticut, New Hampshire, and Vermont. There are 14 counties with an estimated median property tax above $10,000 across California, New York, New Jersey and Virginia.

Which counties in NJ have the lowest taxes? ›

Released earlier this month, the DCA data revealed the county portion of the average residential tax bill for a home assessed at $240,847 in Burlington County was $1,069 in 2023, which was the lowest among New Jersey's 21 counties. The next lowest was Morris County with an average county tax of $1,382.

What is the 1% mansion tax in NJ? ›

In New Jersey, the Mansion Tax is a state-imposed tax that buyers must pay when purchasing residential real estate priced over $1,000,000. The tax rate for this particular duty is set at 1% of the total sales price of the property.

What is the highest tax rate in New Jersey? ›

The state income tax rates range from 1.4% to 10.75%, and the sales tax rate is 6.625%.

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