Brick, Ocean County, New Jersey Property Taxes
Median Brick, NJ effective property tax rate: 2.42%, significantly higher than the national median of 1.02%, but lower than the New Jersey state median of 2.82%.
Median Brick, NJ home value: $246,300
Median annual Brick, NJ tax bill: $5,743, $3,343 higher than the national median property tax bill of $2,400.
How are property taxes in Ocean County calculated?
Property taxes in Brick, 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 Brick’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Brick, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Brick, Ocean County, New Jersey Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
2.42%
Estimate Property Tax Bill
$5,960
$5,531
Property Tax Rates Across Brick, Ocean County, New Jersey
Local government entities set tax rates, which can vary widely within a state. This variation occurs because each county annually 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 play a role in setting tax rates and budgets, this is essentially the annual process.
In Brick, located in Ocean County, New Jersey, the effective property tax rate stands at 2.42%, which is significantly higher than the national median of 1.02%. This places Brick among the highest property tax rates in the country. Within Ocean County, the highest median tax rate is found in the 08724 ZIP code at 2.44%, while the lowest is 2.42% in the 08723 ZIP code. Compared to the state median, Brick's rate is consistent with New Jersey's overall higher property tax trend. When contrasted with the national median property tax bill of $2,400, residents in Brick face a considerably steeper annual expense. Understanding these figures can help property owners in Brick make informed decisions about property tax appeals and exemptions to potentially reduce their tax burden.
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 Brick Tax Rate
2.42%
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 Brick, Ocean County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 08723 | 1.98% | 2.37% | 2.42% | 2.42% | 2.42% |
| 08724 | 1.98% | 2.37% | 2.44% | 2.45% | 2.45% |
Source: Ownwell
Property Tax Assessment Values Across Brick, Ocean County, New Jersey
When examining property taxes in Brick, 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 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 Brick.
For example, the median home price in Brick is $246,300, with tax bills ranging significantly across the county. Zip code 08723 has the highest median home price at $251,000.
Property Tax Assessment Values Across Brick, Ocean County, New Jersey
Source: Ownwell
$88,700
$589,800
$1,090,900
Median Brick Market Value
$246,300
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 Brick, Ocean County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 08723 | $149,200 | $199,400 | $251,000 | $318,275 | $443,500 |
| 08724 | $114,160 | $171,750 | $243,400 | $302,800 | $399,100 |
Source: Ownwell
Property Tax Bills Across Brick, Ocean County, New Jersey
Median Brick Tax Bill
$5,743
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 Brick, Ocean County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 08723 | $3,315 | $4,560 | $5,869 | $7,550 | $10,535 |
| 08724 | $2,680 | $4,003 | $5,649 | $7,204 | $9,601 |
Source: Ownwell