Morris County, New Jersey Property Taxes

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

Median Morris County effective property tax rate: 2.63%, significantly higher than the national median of 1.02%. Median Morris County home value: $381,800. Median annual Morris County tax bill: $9,778, $7,378 higher than the national median property tax bill of $2,400.

How are property taxes in Morris County calculated?

Property taxes in Morris 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 Morristown or another part of Morris County, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Morris County, New Jersey Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.63%

Estimate Property Tax Bill

$10,041

$9,318

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

Property Tax Rates Across Morris County, New Jersey

Local government entities set tax rates, which can vary widely within a state. Each year, Morris 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 are involved in setting tax rates and budgets, this is the annual process in a nutshell. Morris County's effective property tax rate is significantly higher than the national median property tax rate of 1.02%. The county's median tax rate is 2.63%, which is considerably above the national average. Within Morris County, Budd Lake has the highest median tax rate at 3.36%, while Basking Ridge boasts the lowest at 1.11%. These variations illustrate the diverse landscape of property taxes within a single county. By understanding these differences, property owners can better navigate the complexities of property tax assessments and potentially identify opportunities for appealing or reducing their tax liabilities.

Property Tax Rates Across Morris County, New Jersey

Source: Ownwell

1.11%

2.23%

3.36%

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 Morris County Tax Rate

2.63%

Median Effective New Jersey Tax Rate

2.82%

Median Effective United States Tax Rate

1.02%

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%
Boonton	2.38%	2.38%	3.03%	3.12%	3.12%
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%
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%
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%
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%
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 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%
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%
Bernardsville	N/A	N/A	N/A	N/A	N/A
Boonton Township	N/A	N/A	N/A	N/A	N/A
Boonton Twp	N/A	N/A	N/A	N/A	N/A
Chester Twp	N/A	N/A	N/A	N/A	N/A
Hopatcong	N/A	N/A	N/A	N/A	N/A
Ironia	N/A	N/A	N/A	N/A	N/A
Livingston	N/A	N/A	N/A	N/A	N/A
Mendham Township	N/A	N/A	N/A	N/A	N/A
Mount Freedom	N/A	N/A	N/A	N/A	N/A
Short Hills	N/A	N/A	N/A	N/A	N/A
Sparta	N/A	N/A	N/A	N/A	N/A
Stanhope	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Morris County, New Jersey

When examining property taxes in Morris 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 Morris County Tax Board 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 Morris County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of March. 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 Morris County. For example, the median tax bill in Morris County is $12,908, with tax bills ranging significantly across the county. Basking Ridge has the highest median home price at $1,447,400.

Property Tax Assessment Values Across Morris County, New Jersey

Source: Ownwell

$215,900

$831,650

$1,447,400

Median Morris County Market Value

$381,800

Median New Jersey Market Value

$282,900

Median United States Market Value

$235,294

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
Boonton	$272,950	$318,500	$380,800	$490,975	$671,400
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
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
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
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
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 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
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
Bernardsville	N/A	N/A	N/A	N/A	N/A
Boonton Township	N/A	N/A	N/A	N/A	N/A
Boonton Twp	N/A	N/A	N/A	N/A	N/A
Chester Twp	N/A	N/A	N/A	N/A	N/A
Hopatcong	N/A	N/A	N/A	N/A	N/A
Ironia	N/A	N/A	N/A	N/A	N/A
Livingston	N/A	N/A	N/A	N/A	N/A
Mendham Township	N/A	N/A	N/A	N/A	N/A
Mount Freedom	N/A	N/A	N/A	N/A	N/A
Short Hills	N/A	N/A	N/A	N/A	N/A
Sparta	N/A	N/A	N/A	N/A	N/A
Stanhope	N/A	N/A	N/A	N/A	N/A

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 home and the local tax rate. The assessed value is determined by the local assessor and is meant to reflect the market value of the property. Homeowners in Morris County face a median property tax bill significantly higher than the national median of $2,400, with the 25th percentile tax bill at $7,518 and the 75th percentile reaching $12,908. This discrepancy highlights the impact of local property values and tax rates on homeowners' financial obligations. In cities like Far Hills, the median tax bill can soar to $23,689, reflecting higher property values and possibly higher tax rates, whereas in Riverdale, the lowest median tax bill is $5,771. These figures illustrate the range of financial responsibilities that homeowners in different parts of Morris County might face, influenced by factors such as property location, local government budgets, and community services funded by these taxes.

Property Tax Bills Across Morris County, New Jersey

Source: Ownwell

$5,771

$14,730

$23,689

Median Morris County Tax Bill

$9,778

Median New Jersey Tax Bill

$8,227

Median United States Tax Bill

$2,400

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
Boonton	$7,773	$9,274	$10,918	$13,549	$17,349
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
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
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
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
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 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
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
Bernardsville	N/A	N/A	N/A	N/A	N/A
Boonton Township	N/A	N/A	N/A	N/A	N/A
Boonton Twp	N/A	N/A	N/A	N/A	N/A
Chester Twp	N/A	N/A	N/A	N/A	N/A
Hopatcong	N/A	N/A	N/A	N/A	N/A
Ironia	N/A	N/A	N/A	N/A	N/A
Livingston	N/A	N/A	N/A	N/A	N/A
Mendham Township	N/A	N/A	N/A	N/A	N/A
Mount Freedom	N/A	N/A	N/A	N/A	N/A
Short Hills	N/A	N/A	N/A	N/A	N/A
Sparta	N/A	N/A	N/A	N/A	N/A
Stanhope	N/A	N/A	N/A	N/A	N/A

Source: Ownwell