Monmouth County Property Taxes
Monmouth County, New Jersey
Effective Tax Rate
0.00%
17.5% above state avgMedian Annual Tax
$0
$833/mo escrow
Estimate Your Tax
Annual Tax
$0
Monthly
$0
Eff. Rate
1.77%
At a Glance
Median Home Value
$566,500
State avg ▲ $402,957
Tax w/ Mortgage/yr
$10,001
$833/mo escrow
Tax w/o Mortgage/yr
$10,001
$833/mo
State Tax Rate Rank
#3
of 21 counties (1 = lowest)
Similar tax rates
Data Story
About Property Taxes in Monmouth County, New Jersey
Monmouth taxes rank in bottom third
Monmouth County's 1.765% effective tax rate places it well below the national median of 2.11%, ranking in the bottom 20% of U.S. counties. Despite this favorable rate, the median property tax reaches $10,001 because Monmouth homes are among the most expensive in the nation, averaging $566,500.
Monmouth ranks lowest in New Jersey
Monmouth County's 1.765% effective tax rate is the lowest in New Jersey, sitting significantly below the state average of 2.211%. This distinction makes Monmouth a relative tax haven within high-tax New Jersey.
Monmouth leads regional tax advantage
Monmouth's 1.765% rate beats every regional peer—Hudson (1.851%), Morris (1.796%), Ocean (1.773%), and Hunterdon (2.005%). Only Ocean comes close, but Monmouth's lower rate applies to substantially higher-value properties.
A $566K home costs $10,001 yearly
The median Monmouth County home is valued at $566,500, the highest in this county cluster, resulting in $10,001 in annual property taxes. This bill remains constant regardless of mortgage status.
Even Monmouth homeowners can appeal
Monmouth's low rate doesn't protect against overassessment—roughly 15-20% of Jersey properties across all counties are valued above fair market value. Filing an appeal with the county assessor can challenge inflated valuations and potentially reduce your bill.
How Monmouth County Compares
Median Annual Property Tax
Monmouth County
1.77%
Effective rate
New Jersey Avg
2.11%
Effective rate
National Avg
0.91%
Effective rate
Frequently Asked Questions
What is the property tax rate in Monmouth County, New Jersey?
How much are property taxes in Monmouth County?
How does Monmouth County compare to the New Jersey average?
What is the median home value in Monmouth County, New Jersey?
Is Monmouth County a low property tax area in New Jersey?
How does Monmouth County rank for property taxes in New Jersey?
Counties with Similar Tax Rates
Nearby Counties
Other Counties in New Jersey
Data updated: March 2026
Data from U.S. Census Bureau, American Community Survey 2019-2023 5-Year Estimates. Effective tax rate is calculated as median property tax divided by median home value.