Hazlet Township, Monmouth County, New Jersey Property Taxes

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

Median Hazlet Township, NJ effective property tax rate: 2.34%, significantly higher than the national median of 1.02%, but lower than the New Jersey state median of 2.82%.
Median Hazlet Township, NJ home value: $311,800
Median annual Hazlet Township, NJ tax bill: $7,108, $4,708 higher than the national median property tax bill of $2,400.

How are property taxes in Monmouth calculated?

Property taxes in Hazlet Township, 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 Hazlet Township’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Hazlet Township, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Hazlet Township, Monmouth County, New Jersey Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.34%

Estimate Property Tax Bill

$7,296

$6,771

Ownwell’s Hazlet Township Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Hazlet Township with just two data points.

By entering your property's estimated assessed value, our calculator applies Hazlet Township’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 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 Hazlet Township, Monmouth County, New Jersey

Local government entities set tax rates, which can vary widely within a state. Each county estimates its required budget annually to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.

In Hazlet Township, located in Monmouth County, NJ, the effective property tax rate is notably higher than the national median. With New Jersey known for its high property taxes, Hazlet Township stands out with a rate that reflects the state's trend. Compared to the national median property tax rate of 1.02%, Hazlet Township's rate is significantly higher, highlighting the importance of understanding local tax obligations. While residents might find this challenging, the funds collected are essential for maintaining local services and infrastructure. By comparing Hazlet Township's effective property tax rate to other cities in New Jersey and the median property tax rates in New Jersey and the U.S., residents can gain a clearer perspective on their tax responsibilities and potential savings through appeals or exemptions.

Property Tax Rates Across Hazlet Township, 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 Hazlet Township Tax Rate

2.34%

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 Hazlet Township, Monmouth County, New Jersey

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
07734	2.15%	2.25%	2.34%	2.35%	2.45%

Source: Ownwell

Property Tax Assessment Values Across Hazlet Township, Monmouth County, New Jersey

When examining property taxes in Hazlet Township, 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 Monmouth County 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 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 Hazlet Township. For example, the median home price in Hazlet Township is $311,800, with tax bills ranging significantly across the county. Zip code 07734 has the highest median home price at $311,800.

Property Tax Assessment Values Across Hazlet Township, Monmouth County, New Jersey

Source: Ownwell

$230,800

$1,235,100

$2,239,400

Median Hazlet Township Market Value

$311,800

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 Hazlet Township, Monmouth County, New Jersey

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
07734	$253,200	$278,200	$311,800	$353,300	$410,100

Source: Ownwell

Property Tax Bills Across Hazlet Township, Monmouth County, New Jersey

In Hazlet Township, NJ, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. The assessed value is a percentage of the property's market value, which is influenced by factors such as location, property size, and market trends. With a median home price of $311,800, Hazlet Township homeowners face property tax bills that are significantly higher than the national median of $2,400, with the 25th percentile at $6,375 and the 75th percentile reaching $8,093. This can place a substantial financial burden on homeowners. Ownwell can assist by reviewing your property's assessed value to ensure it aligns with the current market conditions, potentially identifying opportunities for appeals. Our expertise in property tax appeals and exemptions can lead to significant savings, alleviating the financial pressure of high property tax bills. By partnering with Ownwell, homeowners in Hazlet Township may uncover potential reductions in their property taxes, providing much-needed relief and peace of mind.

Property Tax Bills Across Hazlet Township, Monmouth County, New Jersey

Source: Ownwell

$5,432

$12,230

$19,028

Median Hazlet Township Tax Bill

$7,108

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 Hazlet Township, Monmouth County, New Jersey

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
07734	$5,717	$6,375	$7,108	$8,093	$9,473

Source: Ownwell