Old Bridge, Monmouth County, New Jersey Property Taxes

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

Median Old Bridge, NJ effective property tax rate: 2.35%, significantly higher than the national median of 1.02%, but lower than the New Jersey state median of 2.82%.
Median Old Bridge, NJ home value: $468,900
Median annual Old Bridge, NJ tax bill: $11,000, $8,600 higher than the national median property tax bill of $2,400.

How are property taxes in Monmouth calculated?

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

Last Updated March 1, 2025

Old Bridge, Monmouth County, New Jersey Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.35%

Estimate Property Tax Bill

$11,019

$10,225

Ownwell’s Old Bridge Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Old Bridge with just two data points. By entering your property's estimated assessed value, our calculator applies Old Bridge’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. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Old Bridge, Monmouth County, New Jersey

Local government entities set tax rates, which can vary widely within New Jersey. Each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. While votes and laws play a role in setting tax rates and budgets, this is the annual process in a nutshell. In Old Bridge, located in Monmouth County, the effective property tax rate is a reflection of these local budgetary needs. When compared to other cities in New Jersey, Old Bridge's property tax rate highlights the diversity in tax rates across the state. New Jersey's median property tax rate is significantly higher than the national median of 1.02%, which emphasizes the state's high property tax landscape. Understanding these rates is crucial for property owners looking to manage their expenses effectively. This comparison provides a clear picture of where Old Bridge stands in relation to both state and national figures, offering valuable insights for homeowners and potential buyers in the area.

Property Tax Rates Across Old Bridge, 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 Old Bridge Tax Rate

2.35%

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 Old Bridge, Monmouth County, New Jersey

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
08857	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Old Bridge, Monmouth County, New Jersey

When examining property taxes in Old Bridge, 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 Old Bridge. For example, the median home price in Old Bridge is $468,900, with tax bills ranging significantly across the county.

Property Tax Assessment Values Across Old Bridge, Monmouth County, New Jersey

Source: Ownwell

$230,800

$1,235,100

$2,239,400

Median Old Bridge Market Value

$468,900

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 Old Bridge, Monmouth County, New Jersey

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
08857	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Old Bridge, Monmouth County, New Jersey

In Old Bridge, NJ, property tax bills are determined by multiplying the assessed value of a home by the local property tax rate. The assessed value is a percentage of the home's market value, and in Monmouth County, this can significantly impact the tax bill. With the median home price at $468,900, homeowners in Old Bridge face substantial tax bills. The tax bill at the 25th, 75th, and 90th percentiles is consistently $11,000, which is notably higher than the national median property tax bill of $2,400. This high tax burden can be challenging for homeowners, affecting their financial planning and overall housing affordability.

Ownwell offers a valuable service by helping homeowners appeal their property tax assessments. By identifying discrepancies or overvaluations in the assessed value, Ownwell can assist in reducing the tax burden. This not only leads to immediate savings but also ensures that homeowners are not overpaying in the future. With expert guidance and support, Ownwell makes navigating property tax appeals more accessible and effective for homeowners in Old Bridge.

Property Tax Bills Across Old Bridge, Monmouth County, New Jersey

Source: Ownwell

$5,432

$12,230

$19,028

Median Old Bridge Tax Bill

$11,000

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 Old Bridge, Monmouth County, New Jersey

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
08857	N/A	N/A	N/A	N/A	N/A

Source: Ownwell