Manahawkin, Ocean County, New Jersey Property Taxes

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

Median Manahawkin, NJ effective property tax rate: 2.32%, significantly higher than the national median of 1.02%, but lower than the New Jersey state median of 2.82%.
Median Manahawkin, NJ home value: $264,800
Median annual Manahawkin, NJ tax bill: $6,139, $3,739 higher than the national median property tax bill of $2,400.

How are property taxes in Ocean County calculated?

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

Last Updated March 1, 2025

Manahawkin, Ocean County, New Jersey Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.32%

Estimate Property Tax Bill

$6,143

$5,701

Ownwell’s Manahawkin Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Manahawkin with just two data points.

By entering your property's estimated assessed value, our calculator applies Manahawkin’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 Manahawkin, Ocean County, New Jersey

Local government entities set tax rates, which can vary widely within a state. This variation occurs because annually, 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.

In Manahawkin, located in Ocean County, the effective property tax rate is 2.32%. This is notably higher than the national median property tax rate of 1.02%. The median property tax rate in New Jersey also stands at 2.32%, which means Manahawkin aligns with the state median. Compared to the national median property tax bill of $2,400, residents in this area are likely paying significantly more. Understanding these figures can empower homeowners to consider property tax appeal services. By comparing Manahawkin’s effective property tax rate to other cities in New Jersey and the median property tax rates in the U.S., residents can make informed decisions about their property taxes.

Property Tax Rates Across Manahawkin, 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 Manahawkin Tax Rate

2.32%

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 Manahawkin, Ocean County, New Jersey

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
08050	2.31%	2.32%	2.32%	2.32%	2.32%

Source: Ownwell

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

When examining property taxes in Manahawkin, 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. Assessment notices: 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 Manahawkin. For example, the median home price in Manahawkin is $264,800, with tax bills ranging significantly across the county. 08050 has the highest median home price at $264,800.

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

Source: Ownwell

$88,700

$589,800

$1,090,900

Median Manahawkin Market Value

$264,800

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 Manahawkin, Ocean County, New Jersey

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
08050	$163,820	$207,200	$264,800	$347,600	$443,480

Source: Ownwell

Property Tax Bills Across Manahawkin, Ocean County, New Jersey

In Manahawkin, located in Ocean County, NJ, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. The assessed value is often a percentage of the market value, which can fluctuate based on market conditions and property characteristics. Homeowners in this region face a median property tax bill of $6,139, significantly higher than the national median of $2,400. This discrepancy is largely due to the higher property tax rates in New Jersey compared to the national average rate of 1.02%. Factors such as local government budgets, school funding, and municipal services also play a crucial role in determining the final tax bill. For homeowners, these high property taxes can be burdensome. Ownwell can assist by identifying potential inaccuracies in property assessments and filing appeals to reduce tax liabilities. By leveraging expert knowledge and experience, Ownwell helps homeowners potentially save thousands on their property tax bills, ensuring they only pay what is fair and accurate.

Property Tax Bills Across Manahawkin, Ocean County, New Jersey

Source: Ownwell

$1,922

$9,935

$17,948

Median Manahawkin Tax Bill

$6,139

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 Manahawkin, Ocean County, New Jersey

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
08050	$3,794	$4,788	$6,139	$8,055	$10,282

Source: Ownwell