Montclair, Passaic County, New Jersey Property Taxes
Median Montclair, NJ effective property tax rate: 5.71%, significantly higher than the national median of 1.02%, but lower than the NJ state median of 2.82%.
Median Montclair, NJ home value: $210,200
Median annual Montclair, NJ tax bill: $11,768, $9,368 higher than the national median property tax bill of $2,400.
How are property taxes in Passaic calculated?
Property taxes in Montclair, 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 Montclair’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Montclair, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Montclair, Passaic County, New Jersey Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
5.71%
Estimate Property Tax Bill
$12,002
$11,138
Property Tax Rates Across Montclair, Passaic County, New Jersey
Local government entities set tax rates, which can vary widely within a state. 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. Below, you can compare Montclair’s effective property tax rate to other cities in New Jersey and the median property tax rates in New Jersey and the U.S.
Montclair, located in Passaic County, has a median property tax rate of 5.71%, which is significantly higher than the national median of 1.02%. This rate is among the highest in New Jersey, reflecting the county's budgetary needs and property values. Despite the higher tax rate, Montclair remains a desirable location due to its vibrant community and proximity to major urban centers. Homeowners in Montclair may benefit from appealing their property tax assessments, potentially reducing their tax burden while still enjoying the area's amenities.
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 Montclair Tax Rate
5.71%
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 Passaic County Tax Rate
4.57%
Median Effective New Jersey Tax Rate
2.82%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Montclair, Passaic County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 07043 | 4.82% | 5.70% | 5.71% | 5.71% | 5.71% |
Source: Ownwell
Property Tax Assessment Values Across Montclair, Passaic County, New Jersey
When examining property taxes in Montclair, 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 Passaic 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 Passaic 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 Montclair.
For example, the median home price in Montclair is $210,200, with tax bills ranging significantly across the county. Zip code 07043 has the highest median home price at $210,200.
Property Tax Assessment Values Across Montclair, Passaic County, New Jersey
Source: Ownwell
$89,900
$237,000
$384,100
Median Montclair Market Value
$210,200
Median Passaic County Market Value
$226,800
Median New Jersey Market Value
$282,900
Median United States Market Value
$235,294
Property Tax Assessment Values Across Montclair, Passaic County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 07043 | $168,500 | $192,100 | $210,200 | $234,300 | $287,400 |
Source: Ownwell
Property Tax Bills Across Montclair, Passaic County, New Jersey
Median Montclair Tax Bill
$11,768
Median Passaic County Tax Bill
$9,911
Median New Jersey Tax Bill
$8,227
Median United States Tax Bill
$2,400
Property Tax Bills Across Montclair, Passaic County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 07043 | $9,130 | $10,564 | $11,768 | $12,954 | $15,211 |
Source: Ownwell