Morris County Property Taxes
The median property tax rate in Morris County is 2.63%, which is significantly higher than both the national median of 0.99% and the New Jersey state median of 2.82%. With a median home value of $381,800, the typical annual property tax bill in Morris County reaches $9,778, far exceeding the national median of $2,690. Property taxes in Morris County are calculated based on the tax assessed value, which often falls below the actual market value due to various property tax exemptions such as primary residence and agricultural exemptions. Understanding Morris County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Morristown or another part of Morris County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Morris County Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.63%
Estimate Property Tax Bill
$10,041
$9,318
Ownwell’s Morris County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Morris County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Morris County to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Morris County, New Jersey
Property taxes in Morris County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Morris County is 2.63%, which is significantly higher than the U.S. national median of 0.99%. Local government entities within Morris County set these rates annually, and they can vary significantly between different areas within the county. Each year, Morris County estimates its required budget to maintain services for the upcoming fiscal year and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. The following data compares Morris County's effective property tax rate with other areas in New Jersey. For comparison, the city of Stanhope has one of the higher property tax rates in New Jersey at 3.36%, while the city of Basking Ridge boasts one of the lowest at 1.11%. Analyzing how Morris County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Morris County Tax Rate
2.63%
Average New Jersey Tax Rate
2.82%
Average United States Tax Rate
0.99%
Property Tax Rates Across Morris County, New Jersey
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Basking Ridge | 1.03% | 1.11% | 1.11% | 1.11% | 1.11% |
| Bernardsville | 2.05% | 2.12% | 2.23% | 2.33% | 2.34% |
| Boonton | 2.38% | 2.38% | 3.03% | 3.12% | 3.12% |
| Boonton Township | 2.38% | 2.38% | 2.38% | 2.38% | 2.38% |
| Boonton Twp | 2.38% | 2.38% | 2.38% | 2.38% | 2.38% |
| Brookside | 1.84% | 1.90% | 2.03% | 2.12% | 2.23% |
| Budd Lake | 3.14% | 3.26% | 3.36% | 3.36% | 3.36% |
| Butler | 2.37% | 2.57% | 2.70% | 2.89% | 3.05% |
| Califon | 2.57% | 2.68% | 2.68% | 2.68% | 2.68% |
| Cedar Knolls | 1.93% | 1.93% | 1.93% | 1.93% | 1.93% |
| Chatham | 1.90% | 1.93% | 1.93% | 2.14% | 2.14% |
| Chatham Twp | 1.92% | 1.93% | 1.93% | 1.93% | 2.14% |
| Chester | 2.31% | 2.40% | 2.40% | 2.41% | 2.68% |
| Chester Twp | 2.65% | 2.65% | 2.65% | 2.65% | 2.65% |
| Denville | 2.53% | 2.53% | 2.53% | 2.53% | 2.53% |
| Dover | 2.63% | 2.69% | 2.90% | 2.90% | 2.90% |
| East Hanover | 2.25% | 2.36% | 2.44% | 2.44% | 2.44% |
| Far Hills | 1.98% | 2.19% | 2.40% | 2.42% | 2.43% |
| Flanders | 2.63% | 3.15% | 3.36% | 3.36% | 3.36% |
| Florham Park | 1.47% | 1.59% | 1.60% | 1.60% | 1.60% |
| Gillette | 1.99% | 2.07% | 2.20% | 2.25% | 2.31% |
| Green Village | 1.11% | 1.11% | 1.76% | 1.93% | 1.93% |
| Hackettstown | 2.68% | 2.68% | 3.01% | 3.36% | 3.36% |
| Hibernia | 2.44% | 2.71% | 2.72% | 2.72% | 2.73% |
| Hopatcong | 2.63% | 2.63% | 2.63% | 2.63% | 2.63% |
| Ironia | 2.41% | 2.41% | 2.41% | 2.41% | 2.41% |
| Kenvil | 2.43% | 2.63% | 2.63% | 2.63% | 2.63% |
| Kinnelon | 2.53% | 2.70% | 2.70% | 2.70% | 2.70% |
| Lake Hiawatha | 2.94% | 3.06% | 3.16% | 3.16% | 3.16% |
| Lake Hopatcong | 2.60% | 2.79% | 2.79% | 2.79% | 2.79% |
| Landing | 2.44% | 2.63% | 2.63% | 2.63% | 2.74% |
| Ledgewood | 2.43% | 2.63% | 2.63% | 2.63% | 2.63% |
| Lincoln Park | 2.67% | 2.81% | 2.88% | 2.88% | 2.88% |
| Livingston | 2.44% | 2.44% | 2.44% | 2.44% | 2.44% |
| Long Valley | 2.53% | 2.68% | 2.68% | 2.68% | 2.68% |
| Madison | 1.92% | 2.03% | 2.03% | 2.03% | 2.03% |
| Mendham | 1.97% | 2.14% | 2.34% | 2.34% | 2.65% |
| Mendham Township | 1.80% | 1.86% | 1.91% | 1.98% | 2.08% |
| Millington | 2.05% | 2.16% | 2.24% | 2.30% | 2.41% |
| Mine Hill | 2.81% | 2.81% | 2.81% | 2.81% | 2.81% |
| Montville | 2.33% | 2.52% | 2.52% | 2.53% | 2.53% |
| Morris Plains | 1.91% | 2.45% | 2.97% | 3.17% | 3.17% |
| Morristown | 1.73% | 1.91% | 1.91% | 2.76% | 2.87% |
| Mountain Lakes | 2.65% | 2.69% | 2.71% | 2.71% | 2.73% |
| Mount Arlington | 2.53% | 2.66% | 2.74% | 2.74% | 2.74% |
| Mount Freedom | 2.57% | 2.62% | 2.65% | 2.65% | 2.65% |
| Mount Tabor | 2.97% | 3.17% | 3.17% | 3.17% | 3.17% |
| Netcong | 2.90% | 3.04% | 3.12% | 3.12% | 3.12% |
| Newfoundland | 2.46% | 2.60% | 2.65% | 2.67% | 2.75% |
| New Vernon | 1.07% | 1.11% | 1.11% | 1.11% | 1.11% |
| Oak Ridge | 2.58% | 2.78% | 2.79% | 2.79% | 2.79% |
| Parsippany | 2.95% | 3.13% | 3.13% | 3.17% | 3.23% |
| Pequannock | 2.50% | 2.50% | 2.50% | 2.50% | 2.50% |
| Pine Brook | 2.33% | 2.52% | 2.53% | 2.53% | 2.53% |
| Pompton Plains | 2.50% | 2.50% | 2.50% | 2.50% | 2.50% |
| Port Murray | 2.49% | 2.68% | 2.68% | 2.68% | 2.68% |
| Randolph | 2.65% | 2.65% | 2.65% | 2.65% | 2.65% |
| Riverdale | 1.62% | 1.71% | 1.76% | 1.82% | 1.84% |
| Rockaway | 2.44% | 2.61% | 2.65% | 2.76% | 3.20% |
| Rockaway Borough | 3.20% | 3.20% | 3.20% | 3.20% | 3.20% |
| Short Hills | 2.79% | 2.79% | 2.79% | 2.79% | 2.79% |
| Sparta | 2.79% | 2.79% | 2.79% | 2.79% | 2.79% |
| Stanhope | 3.36% | 3.36% | 3.36% | 3.36% | 3.36% |
| Stirling | 1.98% | 2.08% | 2.21% | 2.26% | 2.35% |
| Stockholm | 2.59% | 2.79% | 2.79% | 2.79% | 2.79% |
| Succasunna | 2.42% | 2.63% | 2.63% | 2.63% | 2.63% |
| Towaco | 2.35% | 2.52% | 2.53% | 2.53% | 2.53% |
| Wharton | 2.60% | 2.72% | 2.79% | 2.91% | 2.93% |
| Whippany | 1.92% | 1.92% | 1.92% | 1.92% | 1.92% |
Source: Ownwell
Property Tax Assessment Values Across Morris County, New Jersey
In Morris County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Morris County Appraisal District. The assessed value, however, is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. Assessment notices in Morris County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. Far Hills has the highest median tax bill at $23,689, while Ironia has the lowest at $3,260. Being aware of these valuation processes in Morris County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Property Tax Assessment Values Across Morris County, New Jersey
Source: Ownwell
$135,550
$791,475
$1,447,400
Average Morris County Assessed Value
$381,800
Average New Jersey Assessed Value
$282,900
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Morris County, New Jersey
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Basking Ridge | $806,900 | $1,095,300 | $1,447,400 | $1,975,400 | $2,419,860 |
| Bernardsville | $807,750 | $899,050 | $964,700 | $1,149,225 | $1,367,600 |
| Boonton | $272,950 | $318,500 | $380,800 | $490,975 | $671,400 |
| Boonton Township | $650,720 | $655,000 | $664,300 | $676,800 | $697,060 |
| Boonton Twp | $498,700 | $651,400 | $905,900 | $1,160,400 | $1,313,100 |
| Brookside | $468,390 | $528,200 | $620,750 | $720,875 | $918,830 |
| Budd Lake | $160,540 | $197,900 | $259,900 | $351,300 | $434,140 |
| Butler | $248,200 | $285,825 | $338,250 | $407,675 | $476,190 |
| Califon | $320,700 | $381,350 | $453,300 | $540,750 | $728,440 |
| Cedar Knolls | $272,400 | $331,000 | $394,450 | $514,925 | $607,560 |
| Chatham | $320,000 | $499,300 | $662,100 | $953,350 | $1,297,560 |
| Chatham Twp | $763,170 | $858,950 | $1,096,400 | $2,064,325 | $2,377,030 |
| Chester | $340,020 | $437,500 | $565,600 | $780,025 | $977,450 |
| Chester Twp | $377,480 | $407,900 | $458,600 | $509,300 | $539,720 |
| Denville | $250,700 | $289,600 | $350,400 | $472,850 | $627,400 |
| Dover | $168,350 | $203,600 | $250,750 | $324,325 | $381,150 |
| East Hanover | $226,400 | $277,900 | $350,400 | $438,350 | $528,010 |
| Far Hills | $462,120 | $730,500 | $1,025,000 | $1,428,300 | $2,324,860 |
| Flanders | $258,600 | $285,400 | $361,100 | $457,100 | $543,380 |
| Florham Park | $320,000 | $454,150 | $605,200 | $778,450 | $966,060 |
| Gillette | $358,880 | $407,800 | $486,200 | $640,600 | $761,860 |
| Green Village | $379,460 | $455,800 | $631,800 | $1,072,500 | $1,817,040 |
| Hackettstown | $225,300 | $265,000 | $303,800 | $395,800 | $522,340 |
| Hibernia | $215,400 | $253,075 | $306,950 | $359,325 | $416,900 |
| Hopatcong | $544,400 | $544,400 | $544,400 | $544,400 | $544,400 |
| Ironia | $114,790 | $122,575 | $135,550 | $148,525 | $156,310 |
| Kenvil | $203,160 | $233,700 | $269,300 | $320,850 | $368,750 |
| Kinnelon | $328,580 | $414,850 | $534,500 | $700,000 | $909,260 |
| Lake Hiawatha | $112,320 | $181,300 | $215,900 | $252,700 | $316,780 |
| Lake Hopatcong | $168,750 | $218,700 | $292,100 | $427,550 | $527,300 |
| Landing | $187,040 | $224,550 | $263,500 | $308,850 | $400,320 |
| Ledgewood | $202,900 | $225,350 | $294,050 | $435,725 | $482,100 |
| Lincoln Park | $220,060 | $253,300 | $313,400 | $367,600 | $456,860 |
| Livingston | $279,100 | $279,100 | $279,100 | $279,100 | $279,100 |
| Long Valley | $289,290 | $340,650 | $425,050 | $533,825 | $673,120 |
| Madison | $415,440 | $478,300 | $574,900 | $815,200 | $1,176,240 |
| Mendham | $371,880 | $507,600 | $672,500 | $922,100 | $1,252,840 |
| Mendham Township | $573,030 | $574,425 | $687,250 | $915,800 | $1,125,500 |
| Millington | $415,200 | $475,400 | $562,150 | $720,500 | $842,170 |
| Mine Hill | $226,350 | $243,000 | $267,550 | $302,775 | $358,150 |
| Montville | $247,500 | $366,450 | $474,700 | $605,800 | $818,070 |
| Morris Plains | $127,900 | $288,200 | $374,900 | $471,600 | $560,400 |
| Morristown | $241,500 | $342,575 | $488,500 | $672,300 | $940,470 |
| Mountain Lakes | $462,920 | $574,750 | $733,000 | $966,000 | $1,276,120 |
| Mount Arlington | $176,400 | $210,150 | $280,500 | $346,200 | $442,480 |
| Mount Freedom | $240,660 | $264,150 | $294,950 | $313,700 | $315,500 |
| Mount Tabor | $174,300 | $208,050 | $244,100 | $287,875 | $345,440 |
| Netcong | $198,140 | $226,850 | $259,750 | $298,275 | $349,730 |
| Newfoundland | $301,000 | $356,250 | $454,650 | $636,000 | $1,070,000 |
| New Vernon | $528,300 | $817,525 | $1,271,800 | $1,878,100 | $2,776,800 |
| Oak Ridge | $196,590 | $255,700 | $319,650 | $400,525 | $481,800 |
| Parsippany | $222,200 | $266,800 | $341,900 | $389,800 | $451,400 |
| Pequannock | $209,300 | $263,150 | $341,200 | $421,350 | $482,260 |
| Pine Brook | $350,150 | $412,525 | $486,550 | $616,025 | $784,970 |
| Pompton Plains | $216,700 | $279,200 | $384,600 | $473,300 | $594,280 |
| Port Murray | $213,390 | $277,750 | $361,350 | $508,075 | $603,900 |
| Randolph | $298,600 | $361,700 | $461,500 | $578,375 | $689,310 |
| Riverdale | $252,400 | $275,700 | $332,850 | $388,575 | $451,750 |
| Rockaway | $248,800 | $285,600 | $334,000 | $390,300 | $503,080 |
| Rockaway Borough | $249,200 | $255,000 | $271,400 | $297,900 | $313,120 |
| Short Hills | $404,700 | $404,700 | $404,700 | $404,700 | $404,700 |
| Sparta | $538,710 | $544,275 | $553,550 | $562,825 | $568,390 |
| Stanhope | $171,100 | $223,900 | $236,600 | $325,100 | $337,280 |
| Stirling | $336,280 | $394,325 | $477,600 | $611,275 | $835,870 |
| Stockholm | $160,800 | $184,250 | $220,500 | $264,750 | $294,400 |
| Succasunna | $235,830 | $306,250 | $367,000 | $432,275 | $491,690 |
| Towaco | $310,380 | $364,400 | $476,700 | $731,250 | $891,200 |
| Wharton | $193,200 | $246,400 | $297,000 | $351,300 | $422,900 |
| Whippany | $283,620 | $345,300 | $400,100 | $479,600 | $642,400 |
Source: Ownwell
Property Tax Bills Across Morris County, New Jersey
In Morris County, NJ, property tax bills are calculated based on the assessed value of a property and the local tax rate. The assessed value is determined by the county assessor and aims to reflect the market value of the property. The local tax rate is applied to this assessed value to calculate the annual tax bill. Several factors influence the final tax bill, including property size, location, and any applicable exemptions or deductions. Homeowners in Morris County face varying tax bills, with the 25th percentile paying around $7,518 and the 75th percentile paying up to $12,908. Those at the 90th percentile can see tax bills as high as $17,321. These figures are significantly higher than the national median property tax rate of 0.99%, reflecting the area's higher property values and tax rates. For instance, Far Hills residents pay the highest median tax bill at $23,689, while Ironia has the lowest at $3,260. This variation impacts homeowners differently, depending on their property's assessed value and location within the county.
Average Morris County Tax Bill
$9,778
Average New Jersey Tax Bill
$8,227
Average United States Tax Bill
$2,690
Property Tax Bills Across Morris County, New Jersey
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Basking Ridge | $8,969 | $12,158 | $15,256 | $21,808 | $26,860 |
| Bernardsville | $18,621 | $20,039 | $21,450 | $23,806 | $28,728 |
| Boonton | $7,773 | $9,274 | $10,918 | $13,549 | $17,349 |
| Boonton Township | $15,455 | $15,556 | $15,777 | $16,074 | $16,555 |
| Boonton Twp | $11,844 | $15,471 | $21,515 | $27,560 | $31,186 |
| Brookside | $8,885 | $10,404 | $12,570 | $14,762 | $19,066 |
| Budd Lake | $5,187 | $6,469 | $8,593 | $11,650 | $14,428 |
| Butler | $6,575 | $7,738 | $9,240 | $10,965 | $12,913 |
| Califon | $8,313 | $10,033 | $12,082 | $14,364 | $19,283 |
| Cedar Knolls | $5,268 | $6,402 | $7,618 | $9,935 | $11,753 |
| Chatham | $6,177 | $10,147 | $13,374 | $18,975 | $25,338 |
| Chatham Twp | $14,737 | $17,634 | $21,454 | $39,419 | $45,881 |
| Chester | $8,308 | $10,463 | $13,955 | $18,888 | $23,586 |
| Chester Twp | $10,011 | $10,818 | $12,162 | $13,507 | $14,313 |
| Denville | $6,509 | $7,429 | $8,992 | $12,077 | $15,911 |
| Dover | $4,745 | $5,732 | $7,092 | $8,909 | $10,358 |
| East Hanover | $5,317 | $6,636 | $8,347 | $10,539 | $12,771 |
| Far Hills | $10,146 | $17,492 | $23,689 | $32,088 | $50,478 |
| Flanders | $8,157 | $9,255 | $10,686 | $14,214 | $17,613 |
| Florham Park | $4,910 | $7,024 | $9,443 | $12,249 | $15,171 |
| Gillette | $7,494 | $8,791 | $10,642 | $14,148 | $16,987 |
| Green Village | $5,173 | $7,283 | $9,765 | $16,338 | $21,936 |
| Hackettstown | $6,127 | $7,381 | $9,443 | $11,556 | $15,561 |
| Hibernia | $5,415 | $6,678 | $7,816 | $9,635 | $11,255 |
| Hopatcong | $14,340 | $14,340 | $14,340 | $14,340 | $14,340 |
| Ironia | $2,761 | $2,948 | $3,260 | $3,572 | $3,759 |
| Kenvil | $5,197 | $6,041 | $7,008 | $8,301 | $9,510 |
| Kinnelon | $8,680 | $10,975 | $14,200 | $18,662 | $24,338 |
| Lake Hiawatha | $3,471 | $5,553 | $6,655 | $7,879 | $9,941 |
| Lake Hopatcong | $4,591 | $5,951 | $7,946 | $11,821 | $14,548 |
| Landing | $4,808 | $5,803 | $6,840 | $8,136 | $10,526 |
| Ledgewood | $5,263 | $5,855 | $7,628 | $11,445 | $12,665 |
| Lincoln Park | $6,176 | $7,132 | $8,815 | $10,373 | $12,856 |
| Livingston | $6,804 | $6,804 | $6,804 | $6,804 | $6,804 |
| Long Valley | $7,604 | $9,039 | $11,250 | $14,228 | $18,035 |
| Madison | $8,167 | $9,527 | $11,482 | $16,345 | $23,735 |
| Mendham | $8,667 | $11,510 | $15,123 | $20,543 | $27,558 |
| Mendham Township | $11,292 | $11,937 | $13,185 | $16,658 | $21,306 |
| Millington | $8,966 | $10,347 | $12,438 | $16,282 | $19,359 |
| Mine Hill | $6,304 | $6,793 | $7,474 | $8,479 | $10,043 |
| Montville | $5,906 | $9,050 | $11,779 | $15,152 | $20,590 |
| Morris Plains | $4,333 | $7,583 | $9,832 | $12,323 | $15,372 |
| Morristown | $5,712 | $7,726 | $10,147 | $12,981 | $17,527 |
| Mountain Lakes | $12,334 | $15,465 | $19,822 | $26,087 | $34,033 |
| Mount Arlington | $4,662 | $5,505 | $7,423 | $9,262 | $11,956 |
| Mount Freedom | $6,207 | $6,943 | $7,822 | $8,319 | $8,367 |
| Mount Tabor | $5,409 | $6,400 | $7,558 | $9,083 | $10,617 |
| Netcong | $5,990 | $6,943 | $7,979 | $9,126 | $10,808 |
| Newfoundland | $7,705 | $9,357 | $11,946 | $16,677 | $27,683 |
| New Vernon | $5,807 | $9,065 | $14,029 | $20,538 | $29,438 |
| Oak Ridge | $5,169 | $6,974 | $8,756 | $11,065 | $13,353 |
| Parsippany | $6,842 | $8,290 | $10,626 | $12,166 | $14,137 |
| Pequannock | $5,201 | $6,490 | $8,467 | $10,506 | $12,015 |
| Pine Brook | $8,424 | $10,138 | $12,135 | $15,423 | $19,695 |
| Pompton Plains | $5,401 | $6,967 | $9,580 | $11,814 | $14,771 |
| Port Murray | $5,531 | $7,259 | $9,395 | $13,483 | $16,201 |
| Randolph | $7,884 | $9,545 | $12,266 | $15,302 | $18,278 |
| Riverdale | $4,167 | $4,724 | $5,771 | $6,921 | $8,001 |
| Rockaway | $6,692 | $7,812 | $8,985 | $10,746 | $13,958 |
| Rockaway Borough | $7,979 | $8,165 | $8,690 | $9,491 | $10,026 |
| Short Hills | $11,307 | $11,307 | $11,307 | $11,307 | $11,307 |
| Sparta | $15,052 | $15,207 | $15,466 | $15,725 | $15,881 |
| Stanhope | $5,745 | $7,517 | $7,945 | $10,917 | $11,326 |
| Stirling | $7,076 | $8,310 | $10,308 | $13,721 | $19,557 |
| Stockholm | $4,385 | $4,954 | $5,974 | $7,397 | $8,184 |
| Succasunna | $6,011 | $7,831 | $9,492 | $11,258 | $12,814 |
| Towaco | $7,555 | $9,022 | $11,824 | $18,208 | $22,529 |
| Wharton | $5,261 | $6,853 | $8,283 | $9,879 | $12,127 |
| Whippany | $5,482 | $6,614 | $7,666 | $9,211 | $12,436 |
Source: Ownwell