$4,460/year | $372/month | Rate: 2.23%
Here's a complete breakdown of property tax on a $200,000 home in New Jersey for 2026.
| Detail | Amount |
|---|---|
| Home Value | $200,000 |
| New Jersey Effective Tax Rate | 2.23% |
| Annual Property Tax | $4,460 |
| Monthly Escrow Amount | $372 |
| National Average (1.07%) | $2,140 |
| Difference vs National Avg | +$2,320/year |
| State | Tax Rate | Annual Tax | Monthly | vs New Jersey |
|---|---|---|---|---|
| New Jersey (You) | 2.23% | $4,460 | $372 | — |
| New York | 1.4% | $2,800 | $233 | $-1,660/yr |
| Pennsylvania | 1.36% | $2,720 | $227 | $-1,740/yr |
| Maryland | 1.05% | $2,100 | $175 | $-2,360/yr |
| Home Value | Annual Tax | Monthly |
|---|---|---|
| $200K ← You | $4,460 | $372 |
| $250K | $5,575 | $465 |
| $300K | $6,690 | $558 |
| $350K | $7,805 | $650 |
| $400K | $8,920 | $743 |
| $450K | $10,035 | $836 |
| $500K | $11,150 | $929 |
| $600K | $13,380 | $1,115 |
| $750K | $16,725 | $1,394 |
| $1M | $22,300 | $1,858 |
Homestead Benefit ($400-$1,500 credit), Senior Freeze, Veterans' Exemption ($250 deduction), 100% Disabled Veterans full exemption
Calculate your own numbers
Open PropertyCalcTools →Property tax on a $200,000 home in New Jersey is approximately $4,460 per year, or $372 per month. New Jersey's effective property tax rate is 2.23%, which is above the national average of 1.07%.
To lower property tax in New Jersey: 1) Apply for all available exemptions (homestead, senior, veteran), 2) Appeal your assessment if your home is overvalued — success rates are 30-50%, 3) Check for errors in your property record (square footage, lot size, features), 4) Compare your assessment with similar nearby properties.
Property tax due dates vary by county in New Jersey, but most jurisdictions bill semi-annually or annually. If you have a mortgage, property taxes are typically paid through your monthly escrow payment ($372/month for a $200K home). Contact your county assessor's office for exact deadlines.