Somerset County Property Taxes
Somerset 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
1.91%
At a Glance
Median Home Value
$523,900
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
#7
of 21 counties (1 = lowest)
Data Story
About Property Taxes in Somerset County, New Jersey
Somerset's rate is below national average
Somerset County's effective tax rate of 1.91% falls below the national median of 0.95%, ranking it in the middle tier nationally despite higher home values. The median property tax bill of $10,001 is 272% above the national median of $2,690, reflecting Somerset's significantly higher home values of $523,900.
Below state average, reasonable for NJ
Somerset's 1.91% effective rate sits below New Jersey's state average of 2.21%, making it one of the state's more moderate property tax environments. Yet the median tax bill of $10,001 exceeds the state average of $8,512 due to Somerset's substantially higher home valuations.
The lowest rate in this region
Somerset's 1.91% effective rate is the lowest among comparable counties—Warren (2.52%), Sussex (2.47%), Salem (3.03%), and Union (2.05%). This advantage matters for Somerset homeowners, even as their higher property values keep absolute tax bills relatively large.
A $523,900 home costs $10,001 yearly
The median Somerset County home valued at $523,900 generates an annual property tax bill of $10,001. Both mortgage holders and outright owners pay the same amount, indicating a consistent assessment approach across the county.
Somerset homeowners should verify assessments
Even in lower-tax counties, some homeowners are assessed above fair market value and can appeal for relief. A successful tax appeal in Somerset County could reduce annual bills and accumulate savings over decades of homeownership.
How Somerset County Compares
Median Annual Property Tax
Somerset County
1.91%
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 Somerset County, New Jersey?
How much are property taxes in Somerset County?
How does Somerset County compare to the New Jersey average?
What is the median home value in Somerset County, New Jersey?
Is Somerset County a low property tax area in New Jersey?
How does Somerset 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.