Lavallette, Ocean County, New Jersey Property Taxes

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

Median Lavallette, NJ effective property tax rate: 1.65%, significantly higher than the national median of 1.02%, but lower than the New Jersey state median of 2.82%.
Median Lavallette, NJ home value: $679,400
Median annual Lavallette, NJ tax bill: $8,923, $6,523 higher than the national median property tax bill of $2,400.

How are property taxes in Ocean County calculated?

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

Last Updated March 1, 2025

Lavallette, Ocean County, New Jersey Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.65%

Estimate Property Tax Bill

$11,210

$10,403

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

Property Tax Rates Across Lavallette, Ocean County, New Jersey

Local government entities set tax rates, which can vary widely within a state. This is 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 there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.

LAVALLETTE in Ocean County, NJ, stands out with its effective property tax rate of 1.65%, which is significantly higher than the national median property tax rate of 1.02%. This rate is consistent across the region, as both the highest and lowest median tax rates in the area are the same.

The median property tax rate in New Jersey is 1.65%, which is also higher than the national average. Homeowners in LAVALLETTE may find themselves paying more in property taxes compared to other parts of the country. However, understanding these rates can help homeowners make informed decisions about appealing their property taxes or seeking exemptions.

Property Tax Rates Across Lavallette, Ocean County, New Jersey

Source: Ownwell

0.83%

2.04%

3.25%

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 Lavallette Tax Rate

1.65%

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 Lavallette, Ocean County, New Jersey

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
08735	0.85%	0.85%	1.65%	1.67%	1.67%

Source: Ownwell

Property Tax Assessment Values Across Lavallette, Ocean County, New Jersey

When examining property taxes in Lavallette, 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 Lavallette.

For example, the median home price in Lavallette is $679,400, with tax bills ranging significantly across the county. Zip code 08735 has the highest median home price at $679,400.

Property Tax Assessment Values Across Lavallette, Ocean County, New Jersey

Source: Ownwell

$88,700

$589,800

$1,090,900

Median Lavallette Market Value

$679,400

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 Lavallette, Ocean County, New Jersey

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
08735	$402,040	$512,350	$679,400	$938,600	$1,298,200

Source: Ownwell

Property Tax Bills Across Lavallette, Ocean County, New Jersey

In Lavallette, NJ, property tax bills are calculated based on a home's assessed value and the local tax rate. Homeowners in Lavallette face a median property tax bill of $8,923, significantly higher than the national median of $2,400. This is due to the town's high property values and tax rate. The assessed value of a property is determined by local tax assessors and can vary based on factors such as location, size, and condition of the home. The tax rate is set by local government entities and is used to fund essential services like education and infrastructure. For many homeowners, these high property tax bills can be a financial burden. Ownwell offers expert property tax appeal services to help homeowners in Lavallette potentially reduce their tax bills. By analyzing property assessments and market data, Ownwell identifies opportunities for tax savings and guides homeowners through the appeal process, potentially leading to significant reductions in their property tax obligations.

Property Tax Bills Across Lavallette, Ocean County, New Jersey

Source: Ownwell

$1,922

$9,935

$17,948

Median Lavallette Tax Bill

$8,923

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 Lavallette, Ocean County, New Jersey

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
08735	$4,541	$6,340	$8,923	$12,126	$15,811

Source: Ownwell