Chester Twp, Morris County, New Jersey Property Taxes

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

Median CHESTER TWP, NJ effective property tax rate: 2.65%, significantly higher than the national median of 1.02%, but lower than the New Jersey state median of 2.82%.
Median CHESTER TWP, NJ home value: $458,600
Median annual CHESTER TWP, NJ tax bill: $12,162, $9,762 higher than the national median property tax bill of $2,400.

How are property taxes in Morris County calculated?

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

Last Updated March 1, 2025

Chester Twp, Morris County, New Jersey Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.65%

Estimate Property Tax Bill

$12,153

$11,278

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

Property Tax Rates Across Chester Twp, Morris County, New Jersey

Local government entities determine tax rates, leading to significant variations within a state. Each year, counties calculate their required budget to fund services and then divide this by the total value of all taxable properties within their area. This calculation establishes the property tax rate. While setting tax rates and budgets involves votes and legislation, this is essentially the annual process. In Chester Township, located in Morris County, New Jersey, the effective property tax rate is notably higher than the national average. With New Jersey's median property tax rate at 2.65%, it's significantly above the national median of 1.02%. Consequently, residents often face property tax bills that are considerably higher than the national median of $2,400. Comparing Chester Township’s tax rate to other cities within New Jersey and the broader U.S. context highlights the disparity. Understanding these differences is crucial for property owners looking to manage their tax liabilities effectively.

Property Tax Rates Across Chester Twp, 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 Chester Twp Tax Rate

2.65%

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 Chester Twp, Morris County, New Jersey

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
07869	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Chester Twp, Morris County, New Jersey

When examining property taxes in Chester 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 Morris 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 Morris 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 Chester Township. For example, the median home price in Chester Township is $458,600, with tax bills ranging significantly across the county.

Property Tax Assessment Values Across Chester Twp, Morris County, New Jersey

Source: Ownwell

$215,900

$831,650

$1,447,400

Median Chester Twp Market Value

$458,600

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 Chester Twp, Morris County, New Jersey

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
07869	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Chester Twp, Morris County, New Jersey

In Chester Township, New Jersey, property tax bills are based on the assessed value of a home, which is determined by the local tax assessor. This assessed value is then multiplied by the local tax rate to calculate the annual tax bill. The median property tax bill in Morris County is significantly higher than the national median, with homeowners facing a median bill of $10,818. This is due to the combination of high property values and tax rates in the area. For homeowners, this can represent a substantial financial burden, particularly when compared to the national median property tax bill of $2,400.

Ownwell offers valuable assistance to homeowners in Chester Township by providing property tax appeal services. By leveraging their expertise, Ownwell can help homeowners ensure their property is assessed accurately and potentially reduce their tax burden. This service is especially beneficial in high-tax areas like Morris County, where even a small reduction in the assessed value can lead to significant savings on property tax bills.

Property Tax Bills Across Chester Twp, Morris County, New Jersey

Source: Ownwell

$5,771

$14,730

$23,689

Median Chester Twp Tax Bill

$12,162

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 Chester Twp, Morris County, New Jersey

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
07869	N/A	N/A	N/A	N/A	N/A

Source: Ownwell