Livingston, Morris County, New Jersey Property Taxes
Median Livingston, NJ effective property tax rate: 2.44%, significantly higher than the national median of 1.02%, but lower than the New Jersey state median of 2.82%. Median Livingston, NJ home value: $279,100. Median annual Livingston, NJ tax bill: $6,804, $4,404 higher than the national median property tax bill of $2,400.
How are property taxes in Morris County calculated?
Property taxes in Livingston, 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 Livingston’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Livingston, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Livingston, Morris County, New Jersey Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
2.44%
Estimate Property Tax Bill
$6,810
$6,320
Property Tax Rates Across Livingston, Morris County, New Jersey
Local government entities set tax rates, which can vary widely within a state. 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 Livingston’s effective property tax rate to other cities in New Jersey and the median property tax rates in New Jersey and the U.S.
Livingston in Essex County, NJ, has an effective property tax rate that stands out compared to other cities within the state. New Jersey’s median property tax rate is significantly higher than the national median of 1.02%, making it one of the states with the highest property tax burdens. This means homeowners in Livingston are likely paying more in property taxes compared to the national average, contributing to the state's reputation for high property taxes. Understanding these rates can help residents make informed decisions about their property investments and financial planning.
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 Livingston Tax Rate
2.44%
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 Livingston, Morris County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 07039 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across Livingston, Morris County, New Jersey
When examining property taxes in Livingston, 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 Tax Assessor 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 Livingston. For example, the median home price in Livingston is $279,100, with tax bills ranging significantly across the county. 07039 has the highest median home price at $279,100.
Property Tax Assessment Values Across Livingston, Morris County, New Jersey
Source: Ownwell
$215,900
$831,650
$1,447,400
Median Livingston Market Value
$279,100
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 Livingston, Morris County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 07039 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Livingston, Morris County, New Jersey
In Livingston, NJ, property tax bills are determined by the assessed value of a home and the local tax rate. The median home price in Livingston is $279,100, and property taxes are calculated based on this assessed value. Homeowners in Livingston can expect a property tax bill around $6,804, significantly higher than the national median property tax bill of $2,400. This disparity highlights the substantial financial burden property taxes can impose on homeowners in this region. The tax rate in Livingston is notably higher than the national median property tax rate of 1.02%, contributing to the elevated tax bills.
Ownwell offers a solution to homeowners facing high property tax bills. By providing professional property tax appeal services, Ownwell helps homeowners potentially reduce their tax burden. Through a detailed analysis of property assessments and market conditions, Ownwell identifies opportunities for tax savings and assists in filing appeals. This service not only aims to lower property tax bills but also alleviates the stress of navigating the complex property tax system.
Median Livingston Tax Bill
$6,804
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 Livingston, Morris County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 07039 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell