Monmouth County, New Jersey Property Taxes
Census Bureau ACS property tax data for New Jersey. Population: 188,578.
The median annual property tax in Monmouth County is $10,001, which is 17% higher than the New Jersey state average and 420% above the national average. The effective tax rate is 1.77% on a median home value of $566,500. Property taxes represent 8.1% of the median household income in this county.
Median Annual Tax
$10,001
+17% vs State
+420% vs US
Median Home Value
$566,500
+41% vs State
+168% vs US
Effective Tax Rate
1.77%
-20% vs State
+86% vs US
With vs Without Mortgage
With Mortgage
$10,001
$833/mo
Without Mortgage
$10,001
$833/mo
Homeowners with a mortgage typically own higher-valued properties, which can result in higher tax bills.
Property Tax History
| Year | Median Tax | Effective Rate |
|---|---|---|
| 2023 | $10,001 +1.7% | 1.77% |
| 2022 | $9,830 +7.2% | 1.89% |
| 2021 | $9,170 +3.1% | 2.02% |
| 2020 | $8,893 +1.6% | 2.04% |
| 2019 | $8,753 | 2.07% |
Tax Burden
Tax-to-Income Ratio
8.1%
of median household income
Median Income
$122,727
per year
Monthly Tax
$833
per month
Other Counties in New Jersey
Cape May County
Tax: $5,233/yr Rate: 1.32%
Morris County
Tax: $10,001/yr Rate: 1.80%
Ocean County
Tax: $6,499/yr Rate: 1.77%
Hunterdon County
Tax: $10,001/yr Rate: 2.01%
Bergen County
Tax: $10,001/yr Rate: 1.69%
Hudson County
Tax: $9,413/yr Rate: 1.85%
Frequently Asked Questions
What is the average property tax in Monmouth County, New Jersey? ▼
The median annual property tax in Monmouth County is $10,001 based on the most recent Census Bureau American Community Survey data. The effective tax rate is 1.77% on a median home value of $566,500.
How does Monmouth County property tax compare to the national average? ▼
Property taxes in Monmouth County are 420% above the national average of $1,923. The effective rate of 1.77% compares to 0.95% nationally.
Does having a mortgage affect property taxes in Monmouth County? ▼
In Monmouth County, homeowners with a mortgage pay a median of $10,001 in annual property taxes, while homeowners without a mortgage pay $10,001. This difference often reflects the value of homes rather than different tax rates.
What percentage of income goes to property taxes in Monmouth County? ▼
Property taxes in Monmouth County represent approximately 8.1% of the median household income of $122,727. The national benchmark is generally 2-4% of household income.
Explore More Data
Data source: U.S. Census Bureau, American Community Survey 5-Year Estimates. Property tax data reflects median amounts paid by homeowners. Effective rates are calculated as median tax divided by median home value.