Jersey City, Hudson County, New Jersey Property Taxes
Median Jersey City, NJ effective property tax rate: 2.12%, significantly higher than the national median of 1.02%, but lower than the NJ state median of 2.82%.
Median Jersey City, NJ home value: $415,000
Median annual Jersey City, NJ tax bill: $8,199, $5,799 higher than the national median property tax bill of $2,400.
How are property taxes in Hudson calculated?
Property taxes in Jersey City, NJ are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.
Understanding Jersey City’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Jersey City, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Jersey City, Hudson County, New Jersey Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
2.12%
Estimate Property Tax Bill
$8,798
$8,164
Property Tax Rates Across Jersey City, Hudson County, New Jersey
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Jersey City Tax Rate
2.12%
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Hudson County Tax Rate
2.12%
Median Effective New Jersey Tax Rate
2.82%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Jersey City, Hudson County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 07302 | 2.12% | 2.12% | 2.12% | 2.12% | 2.12% |
| 07304 | 2.12% | 2.12% | 2.12% | 2.12% | 2.12% |
| 07305 | 2.12% | 2.12% | 2.12% | 2.12% | 2.12% |
| 07306 | 2.12% | 2.12% | 2.12% | 2.12% | 2.12% |
| 07307 | 2.12% | 2.12% | 2.12% | 2.12% | 2.12% |
| 07310 | 2.12% | 2.12% | 2.12% | 2.12% | 2.12% |
Source: Ownwell
Property Tax Assessment Values Across Jersey City, Hudson County, New Jersey
When examining property taxes in Jersey City, NJ, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Hudson County Tax Assessor's Office estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.
In Hudson County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Jersey City.
For example, the median home price in Jersey City is $415,000, with tax bills ranging significantly across the county. Zip code 07302 has the highest median home price at $732,050.
Property Tax Assessment Values Across Jersey City, Hudson County, New Jersey
Source: Ownwell
$94,600
$413,325
$732,050
Median Jersey City Market Value
$415,000
Median Hudson County Market Value
$357,200
Median New Jersey Market Value
$282,900
Median United States Market Value
$235,294
Property Tax Assessment Values Across Jersey City, Hudson County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 07302 | $429,400 | $549,425 | $732,050 | $1,000,000 | $1,359,120 |
| 07304 | $182,000 | $243,775 | $319,800 | $429,325 | $560,500 |
| 07305 | $203,400 | $248,100 | $293,650 | $355,400 | $454,950 |
| 07306 | $194,900 | $281,600 | $391,300 | $510,450 | $650,000 |
| 07307 | $240,510 | $353,800 | $450,750 | $582,700 | $730,390 |
| 07310 | $446,640 | $588,300 | $693,400 | $939,800 | $1,147,900 |
Source: Ownwell
Property Tax Bills Across Jersey City, Hudson County, New Jersey
Median Jersey City Tax Bill
$8,199
Median Hudson County Tax Bill
$8,581
Median New Jersey Tax Bill
$8,227
Median United States Tax Bill
$2,400
Property Tax Bills Across Jersey City, Hudson County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 07302 | $8,426 | $10,729 | $15,173 | $21,710 | $29,199 |
| 07304 | $3,789 | $5,172 | $6,754 | $9,133 | $11,688 |
| 07305 | $4,350 | $5,259 | $6,223 | $7,506 | $9,415 |
| 07306 | $4,069 | $5,861 | $8,070 | $10,603 | $13,614 |
| 07307 | $5,045 | $7,445 | $9,467 | $11,897 | $15,165 |
| 07310 | $9,457 | $12,121 | $14,686 | $19,813 | $25,035 |
Source: Ownwell