10 Counties with the Lowest Property Tax Rates in New Jersey
If you are comparing property taxes across New Jersey, these 10 counties have the lowest effective rates in the state. The lowest-rate county, Cape May County, comes in at 1.32% — 0.91% lower than the New Jersey average (2.23%). The statewide effective rate is 2.23%.
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| # | County | Effective Rate | Median Tax | Median Home Value |
|---|---|---|---|---|
| 1 | Cape May County | 1.32% | $5,233 | $395,000 |
| 2 | Bergen County | 1.69% | $10,001 | $593,200 |
| 3 | Monmouth County | 1.77% | $10,001 | $566,500 |
| 4 | Ocean County | 1.77% | $6,499 | $366,600 |
| 5 | Morris County | 1.80% | $10,001 | $557,000 |
| 6 | Hudson County | 1.85% | $9,413 | $508,600 |
| 7 | Somerset County | 1.91% | $10,001 | $523,900 |
| 8 | Hunterdon County | 2.01% | $10,001 | $498,800 |
| 9 | Essex County | 2.02% | $10,001 | $494,400 |
| 10 | Union County | 2.05% | $10,001 | $488,800 |
How this ranking is calculated
The effective property tax rate is the median annual property tax paid divided by the median home value in each county, expressed as a percentage. It is the most practical way to compare property tax burden between counties because it neutralizes differences in home values.
Counties with the lowest rates in New Jersey often share a few characteristics: higher home values that compress the percentage even when dollar taxes are high.
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