Montague, Sussex County, New Jersey Property Taxes

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

Median Montague, NJ effective property tax rate: 2.89%, significantly higher than the national median of 1.02%, but lower than the NJ state median of 2.82%.
Median Montague, NJ home value: $166,600
Median annual Montague, NJ tax bill: $4,819, $2,419 higher than the national median property tax bill of $2,400.

How are property taxes in Sussex calculated?

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

Last Updated March 1, 2025

Montague, Sussex County, New Jersey Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.89%

Estimate Property Tax Bill

$4,815

$4,468

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

By entering your property's estimated assessed value, our calculator applies Montague’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by Sussex 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 Sussex County.

For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Montague, Sussex County, New Jersey

Local government entities set tax rates, which can vary widely within a state. This variation is due to the fact that each county annually 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. Montague in Sussex County, NJ, has an effective property tax rate of 2.89%, which is significantly higher than the national median of 1.02%. This rate is consistent across the county, reflecting the highest and lowest median tax rates within the zip code 07827. When compared to the national median property tax bill of $2400, Montague's higher rate suggests a more substantial financial commitment for property owners. These rates emphasize the importance of understanding local tax structures, as they can have a significant impact on property ownership costs.

Property Tax Rates Across Montague, Sussex County, New Jersey

Source: Ownwell

2.81%

3.52%

4.23%

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 Montague Tax Rate

2.89%

Median Effective Sussex County Tax Rate

3.40%

Median Effective New Jersey Tax Rate

2.82%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Montague, Sussex County, New Jersey

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
07827	2.89%	2.89%	2.89%	2.89%	2.89%

Source: Ownwell

Property Tax Assessment Values Across Montague, Sussex County, New Jersey

When examining property taxes in Montague, 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 Sussex County tax authorities estimate 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 Sussex County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. 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 Montague.

For example, the median home price in Montague is $166,600, with tax bills ranging significantly across the county. Zip code 07827 has the highest median home price at $166,600.

Property Tax Assessment Values Across Montague, Sussex County, New Jersey

Source: Ownwell

$156,900

$263,075

$369,250

Median Montague Market Value

$166,600

Median Sussex County Market Value

$229,300

Median New Jersey Market Value

$282,900

Median United States Market Value

$235,294

Property Tax Assessment Values Across Montague, Sussex County, New Jersey

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
07827	$52,380	$86,300	$166,600	$212,400	$252,360

Source: Ownwell

Property Tax Bills Across Montague, Sussex County, New Jersey

In Montague, NJ, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. The assessed value is typically a percentage of the home's market value. Factors influencing the tax bill include the home's location, size, and improvements. In Sussex County, where Montague is located, the median property tax bill is $4,819, considerably higher than the national median of $2,400. Homeowners in Montague may face hefty tax bills, with some reaching up to $7,321. This can place a significant financial burden on homeowners, especially when compared to the national median property tax rate of 1.02%. Ownwell can assist homeowners by providing property tax appeal services. By reviewing assessments and identifying potential discrepancies, Ownwell helps ensure homeowners are not overpaying. Additionally, Ownwell offers exemption services that may further reduce the tax burden. With expert guidance, homeowners can potentially save significantly on their property tax bills, easing financial stress and enhancing property affordability.

Property Tax Bills Across Montague, Sussex County, New Jersey

Source: Ownwell

$4,514

$7,658

$10,801

Median Montague Tax Bill

$4,819

Median Sussex County Tax Bill

$7,518

Median New Jersey Tax Bill

$8,227

Median United States Tax Bill

$2,400

Property Tax Bills Across Montague, Sussex County, New Jersey

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
07827	$1,514	$2,495	$4,819	$6,146	$7,321

Source: Ownwell