SmartAsset’s free tool matches you with up to three vetted financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you. If you are looking to purchase a property in the Garden State, or if you want to refinance your current mortgage, check out our mortgage guide for information about New Jersey mortgage rates and other details.Ī financial advisor can help you understand how homeownership fits into your overall financial goals. When combined with relatively high statewide property values, the average property tax payment in New Jersey is over $8,700.ĭon’t let the high property taxes scare you away from buying a home in New Jersey. The average effective property tax rate in New Jersey is 2.26%, compared with a national average of 0.99%. Rates in some areas are more than double the national average. ![]() Thinking about a move to New Jersey? Keep in mind that homeowners in the Garden State pay some of the highest property taxes in the country. New Jersey Property Taxes Photo credit: ©/KenKPhoto
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