Brielle, New Jersey Property Taxes
The median property tax rate in Brielle, NJ is 1.28%, considerably higher than both the national median of 0.99% and the New Jersey state median of 2.82%. With the median home value in Brielle at $768,250, the typical annual property tax bill reaches $9,592, far exceeding the national median of $2,690. Property taxes in Brielle are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Brielle's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Brielle or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Brielle, New Jersey Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.28%
Estimate Property Tax Bill
$9,834
Ownwell’s Brielle Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Brielle with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Brielle to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by Monmouth County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Brielle, New Jersey
Property taxes in Brielle, New Jersey, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Brielle is 1.28%, significantly higher than the U.S. national median of 0.99%. Local government entities within Brielle set these rates annually, and they can vary across different neighborhoods. Each year, Brielle estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Brielle's effective property tax rate to other areas and the national median. For comparison, the zip code 08730 has the highest median property tax rate of 1.28%, which is the same as the lowest median tax rate in the same zip code. Understanding how these areas compare with Brielle provides valuable insights into the varying tax landscape across Monmouth County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Brielle Tax Rate
1.28%
Average Monmouth County Tax Rate
1.86%
Average New Jersey Tax Rate
2.82%
Average United States Tax Rate
0.99%
Property Tax Rates Across Brielle, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 08730 | 1.15% | 1.22% | 1.28% | 1.34% | 1.39% |
Source: Ownwell
Property Tax Assessment Values Across Brielle, New Jersey
In Brielle, New Jersey, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Monmouth County Appraisal District for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In Brielle, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in Brielle helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 08730, with a median tax bill of $9,592.
Property Tax Assessment Values Across Brielle, New Jersey
Source: Ownwell
$214,800
$1,639,900
$3,065,000
Average Brielle Assessed Value
$768,250
Average Monmouth County Assessed Value
$467,900
Average New Jersey Assessed Value
$282,900
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Brielle, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 08730 | $472,180 | $617,250 | $768,250 | $966,275 | $1,271,690 |
Source: Ownwell
Property Tax Bills Across Brielle, New Jersey
In Brielle, Monmouth County, NJ, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The local tax rate is then applied to this assessed value to determine the annual tax bill. Factors such as property size, location, and improvements can influence the assessed value. For homeowners in Brielle, the median home price stands at $768,250. Property tax bills can vary significantly, with the 25th percentile paying around $7,544, while those in the 75th percentile see bills closer to $12,364. At the higher end, the 90th percentile faces tax bills of approximately $16,486. These property taxes are crucial for funding local services, including schools, emergency services, and infrastructure. Compared to the national median property tax rate of 0.99%, Brielle's property tax rates are notably higher, reflecting the region's higher property values and the essential services provided. Homeowners should be prepared for these costs as part of their overall housing expenses.
Average Brielle Tax Bill
$9,592
Average Monmouth County Tax Bill
$8,714
Average New Jersey Tax Bill
$8,227
Average United States Tax Bill
$2,690
Property Tax Bills Across Brielle, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 08730 | $6,141 | $7,544 | $9,592 | $12,364 | $16,486 |
Source: Ownwell