Somerset County, New Jersey Property Taxes
Median Somerset County effective property tax rate: 2.05%, significantly higher than the national median of 1.02%.
Median Somerset County home value: $415,100
Median annual Somerset County tax bill: $9,311, $6,911 higher than the national median property tax bill of $2,400.
How are property taxes in Somerset County calculated?
Property taxes in Somerset County 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 your county's property tax system, exemptions, and reduction opportunities can lead to significant savings. Whether you live in Somerville or another part of Somerset County, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Somerset County, New Jersey Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
2.05%
Estimate Property Tax Bill
$8,510
$7,897
Property Tax Rates Across Somerset County, New Jersey
Local government entities are responsible for setting tax rates, which can differ significantly within a state. Annually, each county determines its necessary budget to fund services and divides this by the total value of all taxable property within its borders. This calculation establishes the property tax rate. While votes and legislation play a role in determining tax rates and budgets, this is essentially the yearly process.
In Somerset County, New Jersey, the effective property tax rate is notably higher than the national median property tax rate of 1.02%. This reflects the county's commitment to maintaining high-quality services and infrastructure. Within the county, North Plainfield stands out with a higher median tax rate, while Bedminster offers a comparatively lower rate.
When compared to the national median property tax bill of $2,400, Somerset County's tax bills are considerably higher, reflecting both the higher assessed property values and tax rates in the area. This comparison highlights the variance in property tax burdens across different regions and underscores the importance of understanding local tax dynamics.
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 Somerset County Tax Rate
2.05%
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 New Jersey Tax Rate
2.82%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Somerset County, New Jersey
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Basking Ridge | 1.89% | 2.01% | 2.01% | 2.01% | 2.01% |
| Bedminster | 1.34% | 1.35% | 1.35% | 1.35% | 1.36% |
| Belle Mead | 3.19% | 3.22% | 3.22% | 3.22% | 3.22% |
| Berkeley Heights | 2.00% | 2.06% | 2.08% | 2.08% | 2.08% |
| Bernardsville | 1.98% | 2.06% | 2.06% | 2.06% | 2.06% |
| Blawenburg | 3.20% | 3.22% | 3.22% | 3.22% | 3.22% |
| Bound Brook | 2.07% | 2.10% | 2.32% | 2.44% | 2.52% |
| Branchburg | 1.79% | 1.97% | 1.97% | 1.97% | 1.97% |
| Bridgewater | 1.97% | 2.01% | 2.04% | 2.06% | 2.09% |
| Dunellen | 2.20% | 2.23% | 2.26% | 2.31% | 2.36% |
| Far Hills | 1.31% | 1.33% | 1.37% | 2.01% | 2.01% |
| Flagtown | 2.02% | 2.22% | 2.23% | 2.23% | 2.23% |
| Franklin Park | 1.86% | 2.03% | 2.03% | 2.03% | 2.03% |
| Gladstone | 1.62% | 1.81% | 1.84% | 1.84% | 1.84% |
| Green Brook | 2.16% | 2.22% | 2.30% | 2.38% | 2.49% |
| Hillsborough | 2.05% | 2.23% | 2.23% | 2.23% | 2.23% |
| Hopewell | 3.17% | 3.22% | 3.22% | 3.22% | 3.22% |
| Kingston | 1.86% | 2.05% | 2.05% | 2.05% | 2.05% |
| Manville | 2.10% | 2.54% | 2.62% | 2.62% | 2.62% |
| Martinsville | 1.99% | 2.02% | 2.04% | 2.07% | 2.08% |
| Neshanic Station | 1.96% | 1.97% | 1.97% | 1.97% | 1.97% |
| North Plainfield | 3.70% | 4.07% | 4.08% | 4.08% | 4.08% |
| Peapack | 1.79% | 1.84% | 1.84% | 1.84% | 1.84% |
| Plainfield | 3.68% | 4.03% | 4.08% | 4.08% | 4.08% |
| Princeton | 2.03% | 2.03% | 3.19% | 3.22% | 3.22% |
| Raritan | 2.29% | 2.76% | 2.77% | 2.77% | 2.77% |
| Rocky Hill | 2.16% | 2.19% | 2.21% | 2.22% | 2.26% |
| Skillman | 3.17% | 3.22% | 3.22% | 3.22% | 3.22% |
| Somerset | 1.85% | 2.03% | 2.04% | 2.05% | 2.05% |
| Somerville | 3.63% | 3.74% | 3.74% | 3.74% | 3.74% |
| South Bound Brook | 3.21% | 3.49% | 3.55% | 3.55% | 3.55% |
| Warren | 1.84% | 1.99% | 1.99% | 1.99% | 1.99% |
| Watchung | 2.03% | 2.07% | 2.08% | 2.09% | 2.11% |
| Liberty Corner | N/A | N/A | N/A | N/A | N/A |
| Pottersville | N/A | N/A | N/A | N/A | N/A |
| S Bound Brook | N/A | N/A | N/A | N/A | N/A |
| Waukesha | N/A | N/A | N/A | N/A | N/A |
| Whitehouse Station | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across Somerset County, New Jersey
When examining property taxes in Somerset County, 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 Somerset 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 Somerset 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 Somerset County.
For example, the median tax bill in Somerset County is $8,584, with tax bills ranging significantly across the county. Far Hills has the highest median home price at $1,013,250.
Property Tax Assessment Values Across Somerset County, New Jersey
Source: Ownwell
$230,000
$621,625
$1,013,250
Median Somerset County Market Value
$415,100
Median New Jersey Market Value
$282,900
Median United States Market Value
$235,294
Property Tax Assessment Values Across Somerset County, New Jersey
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Basking Ridge | $268,340 | $374,200 | $616,900 | $847,050 | $1,087,120 |
| Bedminster | $158,960 | $266,900 | $350,800 | $478,300 | $729,530 |
| Belle Mead | $320,434 | $412,175 | $516,900 | $617,850 | $734,400 |
| Berkeley Heights | $94,560 | $316,075 | $427,550 | $447,300 | $466,590 |
| Bernardsville | $356,040 | $452,300 | $630,800 | $936,050 | $1,366,040 |
| Blawenburg | $310,690 | $338,275 | $366,850 | $396,550 | $553,150 |
| Bound Brook | $233,460 | $300,600 | $352,700 | $405,300 | $475,960 |
| Branchburg | $268,600 | $370,375 | $477,900 | $569,525 | $676,970 |
| Bridgewater | $250,520 | $324,125 | $442,050 | $583,250 | $678,870 |
| Dunellen | $622,900 | $841,250 | $913,500 | $973,700 | $1,039,220 |
| Far Hills | $426,900 | $597,250 | $1,013,250 | $1,531,075 | $2,415,920 |
| Flagtown | $279,350 | $307,775 | $364,850 | $414,175 | $460,950 |
| Franklin Park | $164,180 | $229,100 | $263,600 | $367,775 | $560,270 |
| Gladstone | $425,380 | $514,050 | $665,750 | $860,625 | $1,126,340 |
| Green Brook | $352,500 | $390,000 | $465,600 | $593,000 | $851,120 |
| Hillsborough | $242,970 | $295,700 | $454,200 | $576,100 | $732,400 |
| Hopewell | $322,540 | $332,900 | $383,650 | $448,125 | $1,043,290 |
| Kingston | $264,160 | $304,700 | $334,900 | $389,700 | $475,300 |
| Manville | $191,640 | $250,925 | $298,700 | $332,275 | $368,100 |
| Martinsville | $405,570 | $475,475 | $545,700 | $727,050 | $940,100 |
| Neshanic Station | $255,900 | $322,000 | $410,700 | $508,700 | $518,860 |
| North Plainfield | $80,000 | $203,875 | $235,000 | $261,000 | $294,000 |
| Peapack | $300,000 | $409,625 | $528,400 | $822,550 | $1,083,510 |
| Plainfield | $191,500 | $220,000 | $238,100 | $259,700 | $284,620 |
| Princeton | $271,000 | $319,900 | $393,500 | $567,425 | $663,800 |
| Raritan | $240,200 | $268,400 | $295,300 | $351,600 | $476,800 |
| Rocky Hill | $301,520 | $372,900 | $491,000 | $588,600 | $667,820 |
| Skillman | $348,840 | $436,700 | $544,300 | $672,900 | $825,000 |
| Somerset | $261,000 | $301,200 | $380,700 | $465,500 | $580,790 |
| Somerville | $192,870 | $233,700 | $271,850 | $314,525 | $398,630 |
| South Bound Brook | $174,880 | $210,000 | $240,900 | $275,000 | $320,000 |
| Warren | $373,450 | $530,700 | $724,450 | $936,225 | $1,199,100 |
| Watchung | $428,470 | $533,300 | $681,600 | $891,950 | $1,230,440 |
| Liberty Corner | N/A | N/A | N/A | N/A | N/A |
| Pottersville | N/A | N/A | N/A | N/A | N/A |
| S Bound Brook | N/A | N/A | N/A | N/A | N/A |
| Waukesha | N/A | N/A | N/A | N/A | N/A |
| Whitehouse Station | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Somerset County, New Jersey
Median Somerset County Tax Bill
$9,311
Median New Jersey Tax Bill
$8,227
Median United States Tax Bill
$2,400
Property Tax Bills Across Somerset County, New Jersey
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Basking Ridge | $5,284 | $7,394 | $12,203 | $16,967 | $21,794 |
| Bedminster | $2,148 | $3,598 | $4,735 | $6,426 | $9,793 |
| Belle Mead | $10,049 | $13,115 | $16,498 | $19,797 | $23,575 |
| Berkeley Heights | $1,932 | $6,545 | $8,887 | $9,286 | $9,538 |
| Bernardsville | $6,925 | $9,048 | $12,852 | $19,104 | $27,760 |
| Blawenburg | $10,004 | $10,879 | $11,824 | $12,781 | $17,828 |
| Bound Brook | $5,307 | $6,900 | $8,056 | $9,420 | $11,329 |
| Branchburg | $5,384 | $7,219 | $9,321 | $11,161 | $13,300 |
| Bridgewater | $5,140 | $6,577 | $9,030 | $11,868 | $13,757 |
| Dunellen | $13,943 | $19,362 | $20,582 | $22,228 | $23,434 |
| Far Hills | $5,856 | $8,882 | $16,853 | $27,764 | $36,933 |
| Flagtown | $5,765 | $6,613 | $8,069 | $9,128 | $10,157 |
| Franklin Park | $3,170 | $4,614 | $5,272 | $7,261 | $10,973 |
| Gladstone | $7,519 | $9,101 | $11,884 | $15,473 | $20,437 |
| Green Brook | $7,983 | $8,963 | $10,792 | $13,519 | $19,298 |
| Hillsborough | $5,233 | $6,520 | $9,939 | $12,786 | $16,292 |
| Hopewell | $10,395 | $10,729 | $11,865 | $14,346 | $33,625 |
| Kingston | $5,340 | $6,063 | $6,813 | $7,700 | $9,762 |
| Manville | $4,992 | $6,215 | $7,495 | $8,489 | $9,435 |
| Martinsville | $8,323 | $9,781 | $11,154 | $14,728 | $18,999 |
| Neshanic Station | $5,039 | $6,340 | $8,087 | $10,016 | $10,164 |
| North Plainfield | $3,265 | $8,059 | $9,386 | $10,611 | $11,835 |
| Peapack | $5,514 | $7,130 | $9,638 | $15,034 | $19,915 |
| Plainfield | $6,996 | $8,472 | $9,386 | $10,548 | $11,408 |
| Princeton | $7,235 | $8,793 | $11,029 | $13,267 | $14,970 |
| Raritan | $6,137 | $7,039 | $7,963 | $9,507 | $12,872 |
| Rocky Hill | $6,705 | $8,185 | $10,716 | $13,063 | $14,664 |
| Skillman | $10,636 | $13,796 | $17,387 | $21,481 | $26,471 |
| Somerset | $5,073 | $6,014 | $7,528 | $9,269 | $11,709 |
| Somerville | $7,340 | $8,693 | $10,083 | $11,430 | $13,677 |
| South Bound Brook | $6,371 | $7,249 | $8,244 | $9,313 | $10,535 |
| Warren | $7,182 | $10,209 | $14,207 | $18,684 | $23,889 |
| Watchung | $8,850 | $10,992 | $14,067 | $18,514 | $25,585 |
| Liberty Corner | N/A | N/A | N/A | N/A | N/A |
| Pottersville | N/A | N/A | N/A | N/A | N/A |
| S Bound Brook | N/A | N/A | N/A | N/A | N/A |
| Waukesha | N/A | N/A | N/A | N/A | N/A |
| Whitehouse Station | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell