Keansburg, Monmouth County, New Jersey Property Taxes

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

Median Keansburg, NJ effective property tax rate: 2.41%, significantly higher than the national median of 1.02%, but lower than the New Jersey state median of 2.82%.
Median Keansburg, NJ home value: $230,800
Median annual Keansburg, NJ tax bill: $5,432, $3,032 higher than the national median property tax bill of $2,400.

How are property taxes in Monmouth calculated?

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

Last Updated March 1, 2025

Keansburg, Monmouth County, New Jersey Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.41%

Estimate Property Tax Bill

$5,562

$5,162

Ownwell’s Keansburg Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Keansburg with just two data points. By entering your property's estimated assessed value, our calculator applies Keansburg’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 Keansburg, Monmouth County, New Jersey

Local government entities set tax rates, which can vary widely within a state. Why? Because annually, each county estimates its required budget 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. Below, you can compare Keansburg’s effective property tax rate to other cities in New Jersey and the median property tax rates in New Jersey and the U.S.

Keansburg, located in Monmouth County, has a median property tax rate of 2.41%, which stands out when compared to the national median property tax rate of 1.02%. This rate is reflective of the local government's budgetary needs and the total assessed value of properties in the area. With New Jersey known for having some of the highest property taxes in the country, Keansburg's rate is a prime example of how local fiscal policies influence tax burdens. Understanding these nuances can empower property owners to make informed decisions about potential tax appeals or exemptions.

Property Tax Rates Across Keansburg, 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 Keansburg Tax Rate

2.41%

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 Keansburg, Monmouth County, New Jersey

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
07734	2.19%	2.29%	2.41%	2.44%	2.53%

Source: Ownwell

Property Tax Assessment Values Across Keansburg, Monmouth County, New Jersey

When examining property taxes in Keansburg, 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 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 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 Keansburg. For example, the median home price in Keansburg is $230,800, with tax bills ranging significantly across the county. The 07734 zip code has the highest median home price at $230,800.

Property Tax Assessment Values Across Keansburg, Monmouth County, New Jersey

Source: Ownwell

$230,800

$1,235,100

$2,239,400

Median Keansburg Market Value

$230,800

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 Keansburg, Monmouth County, New Jersey

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
07734	$148,000	$181,500	$230,800	$287,300	$346,560

Source: Ownwell

Property Tax Bills Across Keansburg, Monmouth County, New Jersey

In Keansburg, NJ, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. This assessed value is then multiplied by the property tax rate set by local authorities. The median home price in Keansburg is $230,800, and the median property tax bill is $5,432, significantly higher than the national median of $2,400. Tax bills in Keansburg can range widely, with the 25th percentile at $4,224 and the 90th percentile reaching $8,343. This variability can be attributed to differences in property values and tax rates within Monmouth County. High property taxes can place a substantial financial burden on homeowners, affecting their overall cost of living. Ownwell provides valuable assistance by offering property tax appeal and exemption services. By reviewing property assessments and identifying potential discrepancies, Ownwell can help homeowners in Keansburg potentially lower their tax bills, ensuring they pay a fair amount and alleviating some of their financial stress.

Property Tax Bills Across Keansburg, Monmouth County, New Jersey

Source: Ownwell

$5,432

$12,230

$19,028

Median Keansburg Tax Bill

$5,432

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 Keansburg, Monmouth County, New Jersey

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
07734	$3,427	$4,224	$5,432	$6,780	$8,343

Source: Ownwell