Monmouth County, NJ Property Tax Search
Interested in a Monmouth County, NJ property tax search?
Access tax information for any Monmouth County, NJ home. Simply type in the exact address in the search box below and instantly run a quick property tax lookup.
In-depth Monmouth County, NJ Property Tax Information
Refine your research with detailed tax information, such as rates and exemptions for your property of choice. Create a free account and get a full rundown like the sample below.
See detailed property tax information from the sample report for 25 Country Oaks Dr, Monmouth County, NJ
Property Tax Calculation
The New Jersey County Tax Boards Association supervises municipal tax assessors, equalization, revision and review of assessments and enforcement of the laws, and offers guidelines for property tax assessment.
Market value, also known as full and fair value, may be defined as the highest price in terms of money which a property would bring in a competitive and open market under all conditions requisite to a fair sale, the buyer and seller each acting prudently and knowledgeably, and assuming the price is not affected by undue stimulus.
| Land value | $308,200 | ||||||
| Building value | + | $542,900 | |||||
| Market value | = | $851,100 | |||||
Assessed Value
The New Jersey County Tax Boards Association established that all real property be assessed at 100% of its market value. The County Assessor determines each property's the full and fair value as if it were to sell in fair and bona fide sale by private contract on the October 1 preceding the date the assessor completes the assessment list.
| Assessed value | = | $851,100 | |||||
Exemptions and Taxable Value
New Jersey offers taxpayers various tax relief and credit programs, which may lower the property's tax bill. These are deducted from the assessed value, giving the property's taxable value.
Our information indicates that this property does not currently benefit from any exemptions or credits. Therefore, the taxable value is equal to the assessed value.
Municipalities may also have one or more special district tax rates such as fire, garbage, and water.
| Tax description | Taxable value | Tax rate | Tax amount | ||
|---|---|---|---|---|---|
| Fire District #1 | $851,100 | x | 0.0400 | = | $340.44 |
| Total special taxes | = | $340 |
Property Tax
Base tax is calculated by multiplying the property's assessed value with the corresponding tax rates and is an estimate of what an owner not benefiting from any exemptions would pay. This property is located in the Manalapan Twp district of Monmouth County.
| Tax description | Assessed value | Tax rate | Tax amount | ||
|---|---|---|---|---|---|
| County Tax | $851,100 | x | 0.1820 | = | $1,549 |
| Library Tax | $851,100 | x | 0.0130 | = | $110.64 |
| County Open Space Tax | $851,100 | x | 0.0270 | = | $229.80 |
| District School Tax | $851,100 | x | 0.7800 | = | $6,638.58 |
| Regional School Tax | $851,100 | x | 0.3470 | = | $2,953.32 |
| Municipal Local Purpose Tax | $851,100 | x | 0.2790 | = | $2,374.57 |
| Municipal Open Space Tax | $851,100 | x | 0.0200 | = | $170.22 |
| Base tax | $851,100 | x | 1.6480 | = | $14,026 |
Current tax represents the amount the current owner pays, including any credits or exemptions. This value is obtained after adding special tax amounts, if they apply, to the base tax value and subtracting deductions from the same base tax value.
| Base tax | $14,026 | ||||
| Special taxes | + | $340 | |||
| Current tax | = | $14,367 |
Actual taxes may differ from the figures displayed here due to various abatement and financial assistance programs, other exemptions/tax deductions, a Reimbursement program or to Statements of State Aid.
For more information please visit the web pages of The State of New Jersey's Department of Treasury, Division of Taxation or look up this property's current tax situation.
This map shows property tax in correlation with square footage of the property.
| Property tax | $14,026 |
|---|---|
| Tax year | 2024 |
| Square feet | 3,667 |
| Tax per sqft | $4 |
Assessment History
Property Shark is a comprehensive real estate data platform that offers valuable insights into property information, sales history, ownership details, and market trends. It provides users with access to property records, neighborhood data, and investment opportunities. With its user-friendly interface and robust search features, Property Shark is a valuable tool for real estate professionals... See More
A. Marku
I have been using Property Shark for many, many years as a tool to obtain some information for report writing purposes. I get all of my property information from this site- building permits, certificates of occupancy, heads up on whether there may be a database listing, historical photos, etc. I highly recommend utilizing property shark for property information.
S. Environmental
Property Shark is the ultimate go-to tool for real estate investors when it comes to conducting thorough due diligence. Its accuracy is nearly impeccable, enabling you to make well-informed decisions on property purchases with just 5 minutes of research. It serves as a comprehensive platform for real estate research, making it indispensable for all individuals involved in the industry.
S. Rahman
Monmouth County Stats for Property Taxes
For an easier overview of the difference in tax rates between counties, explore the charts below. You can also get additional insights on median home values, income levels and homeownership rates in your area.
Effective tax rate (%)
1.89% of Assessed Home Value
2.33% of Assessed Home Value
1.02% of Assessed Home Value
Median real estate taxes paid
$9,830
$9,345
$2,869
Median home value
$519,300
$401,400
$281,900
Median income
$118,527
$97,126
$75,149
Owner occupied housing (%)
75.6%
63.9%
64.8%
Renter occupied housing (%)
24.4%
36.1%
35.2%
Researching Tax Rates in a Specific Area?
Quickly see tax rates in your area, including other properties' tax amount per square foot by interacting with the map below. For more details, look up properties directly by address for a quick tax overview.
Frequently Asked Questions on Property Taxes
Tap into one of the biggest real estate data sources and save time and effort with PropertyShark
All the factors that determine your target property's tax bill are readily available in the full property report.
In addition to tax and value assessments, you'll also get access to detailed property information, such as the latest sale date and price.
To see the full list of features and tools that will upgrade your search, check out our services. From the initial research stage to setting and comparing prices, everything you need is right here in one place.
PropertyShark uses an extensive list of data resources to compile property reports for millions of addresses, including public property records and researched data. Here is a small sample of some of our public data resources for Monmouth County, NJ: