Berkeley, Ocean County, New Jersey Property Taxes
Median Berkeley, NJ effective property tax rate: 2.28%, significantly higher than the national median of 1.02%, but lower than the New Jersey state median of 2.82%.
Median Berkeley, NJ home value: $105,700
Median annual Berkeley, NJ tax bill: $2,325, $75 lower than the national median property tax bill of $2,400.
How are property taxes in Ocean County calculated?
Property taxes in Berkeley, 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 Berkeley’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Berkeley, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Berkeley, Ocean County, New Jersey Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
2.28%
Estimate Property Tax Bill
$2,410
$2,236
Property Tax Rates Across Berkeley, Ocean County, New Jersey
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 Berkeley Tax Rate
2.28%
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 Ocean County Tax Rate
2.26%
Median Effective New Jersey Tax Rate
2.82%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Berkeley, Ocean County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 08757 | 1.97% | 2.09% | 2.28% | 2.28% | 2.28% |
Source: Ownwell
Property Tax Assessment Values Across Berkeley, Ocean County, New Jersey
When examining property taxes in Berkeley, 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 Ocean 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 Ocean 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 Berkeley.
For example, the median home price in Berkeley is $105,700, with tax bills ranging significantly across the county. Zip code 08757 has the highest median home price at $105,700.
Property Tax Assessment Values Across Berkeley, Ocean County, New Jersey
Source: Ownwell
$88,700
$589,800
$1,090,900
Median Berkeley Market Value
$105,700
Median Ocean County Market Value
$281,800
Median New Jersey Market Value
$282,900
Median United States Market Value
$235,294
Property Tax Assessment Values Across Berkeley, Ocean County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 08757 | $95,800 | $101,200 | $105,700 | $114,800 | $131,040 |
Source: Ownwell
Property Tax Bills Across Berkeley, Ocean County, New Jersey
In Berkeley, NJ, located in Ocean County, property tax bills are calculated 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 determine the annual tax bill. With a median home price of $105,700, homeowners in Berkeley experience property tax bills that range from $2,160 at the 25th percentile to $2,890 at the 90th percentile. The median tax bill in the area is $2,325, which is slightly below the national median of $2,400.
Factors influencing the tax bill include the property's market value, improvements made to the property, and changes in the local tax rate. These taxes fund essential services like schools, public safety, and infrastructure. Homeowners can feel the financial impact, especially if property values increase. Ownwell can assist homeowners in Berkeley by analyzing their property tax assessments, identifying potential over-assessments, and filing appeals to reduce their tax bills, ensuring they pay only their fair share.
Median Berkeley Tax Bill
$2,325
Median Ocean County Tax Bill
$5,983
Median New Jersey Tax Bill
$8,227
Median United States Tax Bill
$2,400
Property Tax Bills Across Berkeley, Ocean County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 08757 | $2,009 | $2,160 | $2,325 | $2,548 | $2,890 |
Source: Ownwell