Property tax estimate
Annual tax = assessed value × annual rate ÷ 100; monthly budget = annual tax ÷ 12. An assessed value of $500,000 at 2% gives $10,000 a year, or about $833.33 per month.
New Jersey assessed value may differ from market value or purchase price. This calculator does not look up a municipality, apply exemptions, or predict reassessment. If your published rate is dollars per $100 of assessed value, enter the same numeric value as the percentage.
Confirm the assessment and current rate with the municipal tax office. Enter your actual bill in the homeownership cost calculator or mortgage calculator.