New Jersey Property Taxes

Average Tax Rate

2.49%

Rank

1

Population

9.3M

Owner Occupied Homes

2.6M

Median Home Value

$355,700

Estimated Revenue

$43.4B
New Jersey, a state of bustling suburbs and Atlantic beaches, is known for its proximity to New York City and its strong economy. Despite its size, it is densely populated and home to a diverse workforce. New Jersey has the highest property tax rate in the U.S. at 2.49%, ranking 1st. While high, these taxes help fund excellent schools and public services.

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