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.