What is the property tax rate in New Jersey?

The statewide effective rate is 2.23% of home value, from a median bill of $9,541 on a median home of $427,600. Rates are set locally rather than by the state, so this is a weighted outcome across 21 counties rather than a posted figure.

Which New Jersey county has the highest property tax?

Camden County at 3.08%, and Cape May County is the lowest at 1.32%. A spread that wide inside one state is normal: school district funding varies far more than state policy does.

How much is property tax on a $400,000 home in New Jersey?

Roughly $8,920 a year at the state effective rate, though the county matters more than the state. Pick your county below for a closer figure.

Is New Jersey expensive to live in?

Prices overall run at 108.8 against a national 100, ranking it #4 of 51. Housing is the part that moves: rents there sit at 134.3. Full cost of living breakdown.

New Jersey property tax by county

The median New Jersey homeowner pays $9,541 a year in property tax on a home worth $427,600, an effective rate of 2.23%. That ranks New Jersey #1 of 51 states, against a national 0.98%.

Effective rate 2.23% #1 of 51 states

Median bill $9,541 U.S. $2,969

Median home $427,600 #9 most expensive

Counties covered 21 over 5,000 people

Why the county matters more than the state

Camden County charges an effective 3.08% and Cape May County 1.32%, a spread of 1.76 points inside one state. Property tax in the United States is set by counties, cities, school districts and special districts, not by states. A statewide figure is a weighted average of thousands of separate decisions, and it can be a poor guide to any particular address.

New Jersey sits 1.25 points above the national effective rate. States with high rates often have low home values, because a school district has to raise the same money whatever housing is worth. House prices in the state moved +4.5% over the year to 2026 Q2, which changes the denominator of this rate over time.

Every county ranked

New Jersey counties by effective property tax rate, ACS 2023 five-year estimates
#	County	Rate	Median bill	Home value	Rent	Income
1	Camden County	3.08%	$8,063	$262,200	$1,346	$86,384
2	Salem County	3.03%	$6,757	$223,000	$1,185	$78,412
3	Gloucester County	2.81%	$7,964	$283,500	$1,480	$102,807
4	Warren County	2.52%	$8,156	$323,100	$1,368	$99,596
5	Mercer County	2.51%	$8,804	$351,000	$1,515	$96,333
6	Atlantic County	2.47%	$6,749	$272,700	$1,325	$76,819
7	Sussex County	2.47%	$8,462	$342,800	$1,503	$114,316
8	Cumberland County	2.46%	$5,048	$205,600	$1,254	$64,499
9	Burlington County	2.42%	$7,902	$326,700	$1,669	$105,271
10	Passaic County	2.28%	$10,001	$439,400	$1,553	$87,137
11	Middlesex County	2.20%	$9,684	$439,300	$1,810	$109,028
12	Union County	2.05%	$10,001	$488,800	$1,664	$100,117
13	Essex County	2.02%	$10,001	$494,400	$1,459	$76,712
14	Hunterdon County	2.01%	$10,001	$498,800	$1,707	$139,453
15	Somerset County	1.91%	$10,001	$523,900	$1,921	$135,960
16	Hudson County	1.85%	$9,413	$508,600	$1,811	$90,032
17	Morris County	1.80%	$10,001	$557,000	$1,860	$134,929
18	Ocean County	1.77%	$6,499	$366,600	$1,702	$86,411
19	Monmouth County	1.77%	$10,001	$566,500	$1,771	$122,727
20	Bergen County	1.69%	$10,001	$593,200	$1,863	$123,715
21	Cape May County	1.32%	$5,233	$395,000	$1,345	$88,046

Source: U.S. Census Bureau, American Community Survey 2023 five-year estimates. The effective property tax rate is median taxes paid divided by median home value. The two medians come from different distributions, so it approximates the typical rate rather than describing any one household.