Manalapan, Middlesex County, New Jersey Property Taxes
Median Manalapan, NJ effective property tax rate: 5.29%, significantly higher than the national median of 1.02%, but lower than the New Jersey state median of 2.82%.
Median Manalapan, NJ home value: $155,000
Median annual Manalapan, NJ tax bill: $8,204, $5,804 higher than the national median property tax bill of $2,400.
How are property taxes in Middlesex calculated?
Property taxes in Manalapan, 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 Manalapan’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Manalapan, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Manalapan, Middlesex County, New Jersey Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
5.29%
Estimate Property Tax Bill
$8,200
$7,609
Property Tax Rates Across Manalapan, Middlesex County, New Jersey
Local government entities set tax rates, which can vary widely within a state. This is because each year, counties estimate their required budget to provide essential services and divide that by the total value of all taxable property within their jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, this is the annual process in a nutshell.
In Manalapan, Middlesex County, New Jersey, the effective property tax rate is significantly higher than the national median of 1.02%. This rate can impact homeowners' annual financial planning, making it essential to understand how it compares to other cities within New Jersey and the U.S. The property tax rate in Manalapan is among the highest in the state, reflecting the county's budgetary needs and the value of local properties. For homeowners, this means that appealing property taxes or seeking exemptions can be a valuable strategy to manage expenses. Understanding these rates in the context of state and national medians can empower homeowners to make informed decisions and potentially reduce their tax burden.
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 Manalapan Tax Rate
5.29%
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 Middlesex County Tax Rate
5.10%
Median Effective New Jersey Tax Rate
2.82%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Manalapan, Middlesex County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 07726 | 4.68% | 5.29% | 5.29% | 5.29% | 5.29% |
Source: Ownwell
Property Tax Assessment Values Across Manalapan, Middlesex County, New Jersey
When examining property taxes in Manalapan, 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 Middlesex County appraisal district 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 Middlesex County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. 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 Manalapan.
For example, the median home price in Manalapan is $155,000, with tax bills ranging significantly across the county. 07726 has the highest median home price at $155,000.
Property Tax Assessment Values Across Manalapan, Middlesex County, New Jersey
Source: Ownwell
$66,600
$322,300
$578,000
Median Manalapan Market Value
$155,000
Median Middlesex County Market Value
$158,000
Median New Jersey Market Value
$282,900
Median United States Market Value
$235,294
Property Tax Assessment Values Across Manalapan, Middlesex County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 07726 | $89,140 | $140,700 | $155,000 | $189,300 | $237,360 |
Source: Ownwell
Property Tax Bills Across Manalapan, Middlesex County, New Jersey
In Manalapan, located in Middlesex County, NJ, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The assessed value is then multiplied by the local tax rate to determine the annual property tax bill. Factors influencing the tax bill include the market value of the property and any applicable exemptions or deductions. Homeowners in Manalapan face a median property tax bill of $8,204, which is significantly higher than the national median of $2,400. This high tax bill can be burdensome for homeowners, impacting their overall financial situation.
Ownwell offers a solution by assisting homeowners in appealing their property tax assessments and securing exemptions. By analyzing property data and market trends, Ownwell identifies opportunities for tax savings. Their expertise in navigating the complex property tax system ensures that homeowners pay only their fair share, potentially saving thousands of dollars annually. This service not only reduces financial stress but also enhances the value of homeownership in Manalapan.
Median Manalapan Tax Bill
$8,204
Median Middlesex County Tax Bill
$7,840
Median New Jersey Tax Bill
$8,227
Median United States Tax Bill
$2,400
Property Tax Bills Across Manalapan, Middlesex County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 07726 | $4,718 | $6,535 | $8,204 | $10,020 | $11,434 |
Source: Ownwell