Somerset County, New Jersey Property Taxes
Census Bureau ACS property tax data for New Jersey. Population: 96,414.
The median annual property tax in Somerset County is $10,001, which is 17% higher than the New Jersey state average and 420% above the national average. The effective tax rate is 1.91% on a median home value of $523,900. Property taxes represent 7.4% of the median household income in this county.
Median Annual Tax
$10,001
+17% vs State
+420% vs US
Median Home Value
$523,900
+30% vs State
+148% vs US
Effective Tax Rate
1.91%
-14% vs State
+101% vs US
With vs Without Mortgage
With Mortgage
$10,001
$833/mo
Without Mortgage
$10,001
$833/mo
Homeowners with a mortgage typically own higher-valued properties, which can result in higher tax bills.
Property Tax History
| Year | Median Tax | Effective Rate |
|---|---|---|
| 2023 | $10,001 +0.0% | 1.91% |
| 2022 | $10,001 +2.2% | 2.04% |
| 2021 | $9,787 +2.8% | 2.20% |
| 2020 | $9,522 +1.1% | 2.18% |
| 2019 | $9,419 | 2.19% |
Tax Burden
Tax-to-Income Ratio
7.4%
of median household income
Median Income
$135,960
per year
Monthly Tax
$833
per month
Other Counties in New Jersey
Burlington County
Tax: $7,902/yr Rate: 2.42%
Essex County
Tax: $10,001/yr Rate: 2.02%
Passaic County
Tax: $10,001/yr Rate: 2.28%
Atlantic County
Tax: $6,749/yr Rate: 2.47%
Hudson County
Tax: $9,413/yr Rate: 1.85%
Warren County
Tax: $8,156/yr Rate: 2.52%
Frequently Asked Questions
What is the average property tax in Somerset County, New Jersey? ▼
The median annual property tax in Somerset County is $10,001 based on the most recent Census Bureau American Community Survey data. The effective tax rate is 1.91% on a median home value of $523,900.
How does Somerset County property tax compare to the national average? ▼
Property taxes in Somerset County are 420% above the national average of $1,923. The effective rate of 1.91% compares to 0.95% nationally.
Does having a mortgage affect property taxes in Somerset County? ▼
In Somerset County, homeowners with a mortgage pay a median of $10,001 in annual property taxes, while homeowners without a mortgage pay $10,001. This difference often reflects the value of homes rather than different tax rates.
What percentage of income goes to property taxes in Somerset County? ▼
Property taxes in Somerset County represent approximately 7.4% of the median household income of $135,960. The national benchmark is generally 2-4% of household income.
Explore More Data
Data source: U.S. Census Bureau, American Community Survey 5-Year Estimates. Property tax data reflects median amounts paid by homeowners. Effective rates are calculated as median tax divided by median home value.