Monmouth County, New Jersey Property Taxes

Name: Property Tax Bills Across Monmouth County, New Jersey
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Monmouth County effective property tax rate: 1.86%, significantly higher than the national median of 1.02%. Median Monmouth County home value: $467,900. Median annual Monmouth County tax bill: $8,714, $6,314 higher than the national median property tax bill of $2,400.

How are property taxes in Monmouth County calculated?

Property taxes in Monmouth County 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 your county's property tax system, exemptions, and reduction opportunities can lead to significant savings. Whether you live in Freehold or another part of Monmouth County, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Monmouth County, New Jersey Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.86%

Estimate Property Tax Bill

$8,703

$8,076

Ownwell’s Monmouth County Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Monmouth County with just two data points. By entering your property's estimated assessed value, our calculator applies Monmouth County’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a more precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Monmouth County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Monmouth County, New Jersey

Local government entities determine property tax rates, which can differ significantly within a state. This variation stems from the annual process where each county calculates its necessary budget to fund services and divides it by the total value of all taxable properties within its area. This calculation establishes the property tax rate. Despite the involvement of votes and laws in setting these rates and budgets, this is the simplified annual procedure. Monmouth County's effective property tax rate can be compared to other counties in New Jersey or the U.S. median property tax rate. Monmouth County has a median property tax rate of 1.86%, which is notably higher than the national median of 1.02%. Within Monmouth County, Roosevelt has the highest median property tax rate at 2.77%, while Deal boasts the lowest at 0.60%. Such disparities highlight the importance of understanding local tax dynamics and the potential benefits of appealing your property tax assessment.

Property Tax Rates Across Monmouth County, New Jersey

Source: Ownwell

0.60%

1.69%

2.77%

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 Monmouth County Tax Rate

1.86%

Median Effective New Jersey Tax Rate

2.82%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Monmouth County, New Jersey

City	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
Allenhurst	0.51%	0.64%	0.69%	1.44%	1.66%
Allentown	2.07%	2.18%	2.25%	2.92%	3.03%
Allenwood	1.82%	1.95%	2.00%	2.00%	2.00%
Asbury Park	1.32%	1.39%	1.44%	1.54%	1.80%
Atlantic Highlands	1.51%	1.63%	1.74%	1.88%	1.93%
Avon By The Sea	0.68%	0.76%	0.82%	0.88%	0.97%
Belford	1.59%	1.68%	1.77%	1.85%	1.93%
Belmar	1.13%	1.26%	1.36%	1.36%	1.36%
Bradley Beach	0.94%	0.99%	1.02%	1.05%	1.08%
Brielle	1.15%	1.22%	1.28%	1.34%	1.39%
Cliffwood	2.12%	2.21%	2.36%	2.39%	2.60%
Colts Neck	1.48%	1.58%	1.66%	1.69%	1.72%
Cream Ridge	2.07%	2.17%	2.23%	2.28%	2.33%
Deal	0.51%	0.55%	0.60%	0.66%	1.65%
Eatontown	1.67%	1.80%	1.95%	2.06%	2.14%
Englishtown	1.76%	1.89%	2.09%	2.34%	2.34%
Fair Haven	1.50%	1.58%	1.66%	1.73%	1.77%
Farmingdale	1.84%	1.95%	2.09%	2.18%	2.26%
Freehold	1.80%	1.89%	1.96%	2.06%	2.25%
Hazlet	2.13%	2.23%	2.33%	2.34%	2.39%
Hazlet Township	2.15%	2.25%	2.34%	2.35%	2.45%
Highlands	1.83%	1.99%	2.21%	2.23%	2.27%
Holmdel	1.65%	1.73%	1.80%	1.86%	1.92%
Howell	1.86%	1.95%	2.05%	2.10%	2.14%
Interlaken	0.86%	0.89%	0.93%	0.95%	0.99%
Keansburg	2.19%	2.29%	2.41%	2.44%	2.53%
Keyport	2.01%	2.15%	2.28%	2.46%	2.48%
Leonardo	1.66%	1.76%	1.86%	1.91%	1.94%
Lincroft	1.75%	1.83%	1.90%	1.93%	1.99%
Little Silver	1.71%	1.81%	1.85%	1.87%	1.90%
Long Branch	1.58%	1.68%	1.77%	1.85%	1.90%
Manalapan	1.58%	1.67%	1.75%	1.83%	1.89%
Manasquan	1.60%	1.65%	1.65%	2.00%	2.00%
Marlboro	2.32%	2.32%	2.32%	2.32%	2.32%
Matawan	2.19%	2.31%	2.40%	2.44%	2.54%
Middletown	1.69%	1.78%	1.86%	1.91%	1.95%
Millstone Township	2.24%	2.41%	2.41%	2.41%	2.41%
Monmouth Beach	1.03%	1.09%	1.13%	1.16%	1.19%
Morganville	2.34%	2.34%	2.35%	2.35%	2.35%
Navesink	1.76%	1.86%	1.90%	1.97%	2.02%
Neptune	1.55%	1.67%	1.81%	1.91%	2.03%
Neptune City	1.75%	1.83%	1.89%	1.93%	2.03%
North Middletown	1.50%	1.59%	1.70%	1.79%	1.86%
Oakhurst	1.43%	1.52%	1.59%	1.72%	1.84%
Ocean	1.45%	1.57%	1.72%	1.83%	1.90%
Ocean Grove	1.66%	1.70%	1.79%	1.90%	2.04%
Oceanport	1.61%	1.70%	1.77%	1.82%	1.85%
Port Monmouth	1.50%	1.63%	1.71%	1.78%	1.84%
Red Bank	1.67%	1.76%	1.88%	1.95%	2.02%
Robbinsville	2.09%	2.17%	2.20%	2.29%	2.39%
Roosevelt	2.50%	2.67%	2.77%	2.81%	2.87%
Rumson	1.17%	1.24%	1.26%	1.28%	1.73%
Sea Bright	0.95%	1.01%	1.09%	1.14%	1.20%
Sea Girt	0.54%	0.58%	0.65%	2.00%	2.00%
Shrewsbury	1.74%	1.81%	1.92%	1.99%	2.02%
Spring Lake	0.48%	0.51%	1.08%	1.20%	1.27%
Tinton Falls	1.52%	1.59%	1.65%	1.70%	1.76%
Union Beach	1.96%	2.07%	2.18%	2.21%	2.24%
Wall Township	1.85%	1.97%	2.01%	2.01%	2.02%
West Long Branch	1.25%	1.34%	1.45%	1.54%	1.61%
Adelphia	N/A	N/A	N/A	N/A	N/A
East Windsor	N/A	N/A	N/A	N/A	N/A
Elberon	N/A	N/A	N/A	N/A	N/A
Hightstown	N/A	N/A	N/A	N/A	N/A
Lake Como	N/A	N/A	N/A	N/A	N/A
Millstone Twp	N/A	N/A	N/A	N/A	N/A
Old Bridge	N/A	N/A	N/A	N/A	N/A
Wickatunk	N/A	N/A	N/A	N/A	N/A
Wrightstown	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Monmouth County, New Jersey

When examining property taxes in Monmouth County, 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 Monmouth 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.

Assessment notices:

In Monmouth 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 Monmouth County.

For example, the median tax bill in Monmouth County is $9,015, with tax bills ranging significantly across the county. Deal has the highest median home price at $2,239,400.

Property Tax Assessment Values Across Monmouth County, New Jersey

Source: Ownwell

$230,800

$1,235,100

$2,239,400

Median Monmouth County Market Value

$467,900

Median New Jersey Market Value

$282,900

Median United States Market Value

$235,294

Property Tax Assessment Values Across Monmouth County, New Jersey

City	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
Allenhurst	$620,800	$820,950	$1,403,800	$2,179,550	$3,430,300
Allentown	$234,240	$317,250	$441,100	$615,250	$737,500
Allenwood	$358,390	$437,250	$525,000	$608,800	$725,120
Asbury Park	$228,500	$330,900	$496,400	$651,300	$880,420
Atlantic Highlands	$293,900	$407,100	$512,900	$658,900	$905,620
Avon By The Sea	$447,840	$767,700	$1,244,650	$1,701,425	$2,215,330
Belford	$274,620	$338,000	$395,200	$455,700	$542,560
Belmar	$241,100	$339,500	$515,900	$712,900	$938,380
Bradley Beach	$431,540	$567,950	$768,400	$1,013,200	$1,261,760
Brielle	$472,180	$617,250	$768,250	$966,275	$1,271,690
Cliffwood	$48,500	$125,700	$275,900	$383,725	$446,450
Colts Neck	$500,800	$605,050	$765,400	$1,114,400	$1,593,200
Cream Ridge	$235,300	$362,400	$509,650	$692,325	$867,810
Deal	$756,420	$1,345,850	$2,239,400	$4,033,200	$6,047,800
Eatontown	$252,510	$320,700	$395,900	$489,600	$626,060
Englishtown	$133,280	$201,900	$351,500	$491,400	$615,420
Fair Haven	$542,760	$661,600	$858,200	$1,137,500	$1,573,120
Farmingdale	$256,180	$326,375	$507,300	$646,275	$727,470
Freehold	$216,700	$288,500	$403,900	$585,500	$768,820
Hazlet	$311,970	$360,800	$394,300	$435,175	$481,930
Hazlet Township	$253,200	$278,200	$311,800	$353,300	$410,100
Highlands	$181,860	$232,750	$309,900	$417,650	$552,960
Holmdel	$402,800	$537,125	$735,950	$961,225	$1,209,620
Howell	$243,500	$318,325	$395,500	$464,200	$547,100
Interlaken	$726,950	$797,300	$881,250	$1,066,350	$1,394,350
Keansburg	$148,000	$181,500	$230,800	$287,300	$346,560
Keyport	$235,060	$268,200	$311,600	$364,500	$430,140
Leonardo	$265,200	$316,125	$392,950	$524,375	$711,200
Lincroft	$440,500	$520,500	$644,900	$759,100	$963,740
Little Silver	$428,480	$518,600	$650,200	$825,400	$1,222,480
Long Branch	$244,970	$320,300	$443,900	$619,150	$928,360
Manalapan	$196,400	$366,550	$543,400	$683,900	$820,100
Manasquan	$361,900	$435,900	$556,300	$692,600	$846,580
Marlboro	$274,300	$368,650	$457,800	$578,750	$782,020
Matawan	$242,710	$331,600	$410,350	$472,000	$528,820
Middletown	$341,580	$417,600	$517,700	$655,850	$787,800
Millstone Township	$293,840	$387,725	$526,100	$657,675	$778,500
Monmouth Beach	$336,280	$458,275	$741,400	$1,106,400	$1,583,000
Morganville	$267,940	$350,775	$461,600	$639,325	$821,030
Navesink	$377,300	$440,100	$480,000	$563,300	$709,100
Neptune	$247,410	$300,500	$359,500	$429,975	$508,290
Neptune City	$282,120	$307,000	$338,950	$402,125	$442,410
North Middletown	$215,770	$256,700	$332,900	$423,025	$492,530
Oakhurst	$471,460	$515,500	$583,300	$694,300	$1,138,560
Ocean	$353,800	$406,650	$505,200	$638,500	$776,260
Ocean Grove	$375,000	$504,600	$630,900	$769,100	$952,540
Oceanport	$381,820	$446,150	$553,300	$711,550	$961,120
Port Monmouth	$275,000	$329,950	$400,000	$501,900	$575,100
Red Bank	$223,590	$325,200	$461,400	$595,200	$760,630
Robbinsville	$319,950	$393,975	$513,350	$639,800	$766,190
Roosevelt	$206,240	$237,200	$286,400	$345,600	$418,160
Rumson	$671,750	$876,550	$1,379,950	$2,102,700	$3,051,100
Sea Bright	$278,800	$361,900	$594,900	$915,850	$1,503,800
Sea Girt	$419,440	$556,400	$1,334,400	$2,296,300	$3,135,760
Shrewsbury	$402,550	$500,125	$599,900	$760,350	$922,450
Spring Lake	$451,700	$544,050	$762,300	$2,030,150	$3,754,800
Tinton Falls	$246,300	$314,700	$409,600	$565,500	$724,900
Union Beach	$228,640	$275,000	$330,200	$395,400	$471,200
Wall Township	$265,000	$307,250	$383,200	$529,300	$687,700
West Long Branch	$416,880	$495,350	$637,150	$883,750	$1,122,400
Adelphia	N/A	N/A	N/A	N/A	N/A
East Windsor	N/A	N/A	N/A	N/A	N/A
Elberon	N/A	N/A	N/A	N/A	N/A
Hightstown	N/A	N/A	N/A	N/A	N/A
Lake Como	N/A	N/A	N/A	N/A	N/A
Millstone Twp	N/A	N/A	N/A	N/A	N/A
Old Bridge	N/A	N/A	N/A	N/A	N/A
Wickatunk	N/A	N/A	N/A	N/A	N/A
Wrightstown	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Monmouth County, New Jersey

In Monmouth County, NJ, property tax bills are determined by assessing the market value of a home and applying the local tax rate. With a median home price of $467,900, property taxes can significantly impact homeowners. The tax bill varies widely across the county, reflecting differences in assessed home values and municipal tax rates. For instance, Deal has the highest median tax bill at $19,028, while Keansburg has the lowest at $5,432. These figures illustrate how location within the county can lead to substantial differences in tax liabilities. Homeowners in Monmouth County face a median property tax bill that often surpasses the national median of $2,400, indicating a heavier tax burden. Factors influencing the tax bill include the home's assessed value, local government budget needs, and public service funding requirements. Such high tax bills can affect homeowners by increasing the overall cost of homeownership and potentially influencing decisions about buying, selling, or investing in property within the county.

Property Tax Bills Across Monmouth County, New Jersey

Source: Ownwell

$5,432

$12,230

$19,028

Median Monmouth County Tax Bill

$8,714

Median New Jersey Tax Bill

$8,227

Median United States Tax Bill

$2,400

Property Tax Bills Across Monmouth County, New Jersey

City	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
Allenhurst	$7,557	$9,521	$11,559	$15,549	$23,493
Allentown	$6,391	$8,113	$10,515	$13,735	$16,285
Allenwood	$6,915	$8,186	$10,285	$12,101	$14,298
Asbury Park	$3,085	$4,475	$6,912	$9,583	$12,017
Atlantic Highlands	$5,040	$6,888	$8,709	$11,744	$16,563
Avon By The Sea	$3,396	$5,996	$9,966	$13,849	$18,412
Belford	$4,959	$5,777	$6,947	$8,108	$9,661
Belmar	$3,231	$4,884	$6,744	$9,271	$12,567
Bradley Beach	$4,386	$5,654	$7,642	$10,305	$13,005
Brielle	$6,141	$7,544	$9,592	$12,364	$16,486
Cliffwood	$2,975	$3,916	$6,757	$8,836	$10,508
Colts Neck	$8,094	$9,917	$12,576	$17,534	$25,644
Cream Ridge	$5,130	$7,899	$11,116	$15,256	$19,466
Deal	$5,558	$10,279	$19,028	$27,407	$35,947
Eatontown	$4,986	$6,189	$7,637	$9,506	$11,966
Englishtown	$3,166	$4,574	$6,984	$10,447	$12,446
Fair Haven	$8,858	$10,590	$14,128	$18,650	$26,261
Farmingdale	$5,380	$6,902	$10,239	$12,994	$14,970
Freehold	$4,196	$5,700	$8,171	$11,190	$15,153
Hazlet	$6,847	$8,175	$9,065	$10,045	$11,170
Hazlet Township	$5,717	$6,375	$7,108	$8,093	$9,473
Highlands	$3,721	$4,973	$6,715	$8,978	$11,552
Holmdel	$6,964	$9,228	$13,013	$16,535	$21,400
Howell	$4,820	$6,363	$8,081	$9,377	$10,853
Interlaken	$6,470	$7,151	$8,090	$9,753	$12,980
Keansburg	$3,427	$4,224	$5,432	$6,780	$8,343
Keyport	$5,161	$6,065	$7,085	$8,286	$9,618
Leonardo	$4,888	$5,790	$7,222	$9,377	$12,803
Lincroft	$8,409	$9,820	$11,979	$14,229	$17,730
Little Silver	$7,753	$9,451	$11,849	$15,132	$22,324
Long Branch	$4,194	$5,745	$7,782	$11,020	$16,243
Manalapan	$3,342	$6,385	$9,437	$11,872	$14,530
Manasquan	$6,400	$7,724	$9,658	$12,380	$15,161
Marlboro	$6,316	$8,562	$10,622	$13,443	$18,180
Matawan	$5,599	$7,695	$9,715	$11,338	$12,758
Middletown	$6,422	$7,694	$9,525	$12,224	$14,781
Millstone Township	$6,864	$9,182	$12,551	$15,677	$18,613
Monmouth Beach	$3,636	$5,146	$8,219	$12,428	$18,233
Morganville	$6,253	$8,217	$10,820	$14,982	$19,284
Navesink	$7,284	$8,158	$8,688	$10,762	$12,283
Neptune	$4,211	$5,209	$6,428	$7,951	$9,481
Neptune City	$5,001	$5,616	$6,382	$7,466	$8,683
North Middletown	$3,504	$4,222	$5,581	$7,247	$8,587
Oakhurst	$7,244	$8,051	$9,351	$11,625	$17,117
Ocean	$6,152	$6,959	$8,157	$10,865	$13,320
Ocean Grove	$6,663	$9,007	$11,153	$14,128	$17,621
Oceanport	$6,635	$7,725	$9,624	$12,488	$16,959
Port Monmouth	$4,467	$5,382	$6,771	$8,538	$10,161
Red Bank	$4,169	$6,012	$8,345	$11,134	$14,264
Robbinsville	$6,714	$8,452	$11,254	$14,762	$17,573
Roosevelt	$5,890	$6,564	$7,669	$9,253	$10,973
Rumson	$8,648	$11,409	$18,135	$27,275	$40,221
Sea Bright	$2,820	$3,671	$6,492	$10,356	$15,877
Sea Girt	$6,453	$8,358	$11,263	$15,002	$19,029
Shrewsbury	$7,202	$9,139	$11,289	$14,627	$18,014
Spring Lake	$4,970	$6,220	$7,840	$11,509	$18,645
Tinton Falls	$3,986	$5,046	$6,706	$9,399	$12,322
Union Beach	$4,589	$5,750	$6,992	$8,448	$10,200
Wall Township	$5,173	$6,021	$7,557	$10,526	$13,719
West Long Branch	$6,019	$7,248	$9,083	$12,327	$15,939
Adelphia	N/A	N/A	N/A	N/A	N/A
East Windsor	N/A	N/A	N/A	N/A	N/A
Elberon	N/A	N/A	N/A	N/A	N/A
Hightstown	N/A	N/A	N/A	N/A	N/A
Lake Como	N/A	N/A	N/A	N/A	N/A
Millstone Twp	N/A	N/A	N/A	N/A	N/A
Old Bridge	N/A	N/A	N/A	N/A	N/A
Wickatunk	N/A	N/A	N/A	N/A	N/A
Wrightstown	N/A	N/A	N/A	N/A	N/A

Source: Ownwell