2026 federal, state and local taxes
Estimate your 2026 New Jersey property tax. At the state's 2.23% average rate, a $515,000 home pays about $11,485 a year.
| Home Value | NJ Effective Rate | Annual Property Tax | Monthly Escrow | At the U.S. Average (0.90%) |
|---|---|---|---|---|
| $250,000 | 2.23% | $5,575 | $465 | $2,250 |
| $350,000 | 2.23% | $7,805 | $650 | $3,150 |
| $500,000 | 2.23% | $11,150 | $929 | $4,500 |
| $650,000 | 2.23% | $14,495 | $1,208 | $5,850 |
| $800,000 | 2.23% | $17,840 | $1,487 | $7,200 |
| $1,000,000 | 2.23% | $22,300 | $1,858 | $9,000 |
| State | Average Rate | Typical Home | Bill on Typical Home | Bill on $350,000 |
|---|---|---|---|---|
| New Jersey | 2.23% | $515,000 | $11,485 | $7,805 |
| New York | 1.60% | $460,000 | $7,360 | $5,600 |
| Pennsylvania | 1.35% | $270,000 | $3,645 | $4,725 |
| Delaware | 0.53% | $385,000 | $2,041 | $1,855 |
Statewide average effective rates; local rates vary a lot within each state.
Pick a state to see its 2026 tax rules and results for common salaries or home values.
New Jersey's average effective property tax rate is 2.23% of a home's value each year, the highest in the country. On the state's typical home, worth about $515,000, that comes to roughly $11,485 a year, or $957 a month in escrow.
Because home prices differ so much, the yearly bill ranks differently from the rate: New Jersey's bill on a typical home is the largest in the country. On a $350,000 home it would be about $7,805.
Of New Jersey's neighbors, Delaware (0.53%), Pennsylvania (1.35%) and New York (1.60%) have a lower average rate; the table below lists them all.
These are New Jersey averages; your county, city and school district set the actual bill.
About $6,690 a year ($558 a month) at New Jersey's 2.23% average rate. A $500,000 house would pay about $11,150.
Yes. New Jersey's average rate of 2.23% is the highest in the country.
New Jersey charges 6.63% statewide with no local add-ons, 30th of 51, near the middle.