New Jersey’s statewide average property tax bill for 2025 was $10,570, a new record high.
According to coverage from NJ1015.com, last year’s average bill was roughly $500 above the 2024 level, the previous record high and the first time the bill was a five-digit figure. The state’s Department of Community Affairs found property taxes rose by an average of 5% year-over-year.
The Garden State collected over $36 billion in property taxes in 2025, up from $35.6 billion in 2024. Slightly more than half of those funds went to New Jersey schools.
The statewide average property tax bill rose to $10,570. That’s a jump of nearly $500 from the previous high of $10,095 a year earlier, which was the first time the average rose to five figures.
Only 21 New Jersey towns recorded no change or a decrease in their property tax bills, while 40 towns experienced an average bill increase of more than 10% and 155 towns had their bills rise by more than 5%.
The greatest tax hikes were in the towns of Asbury Park, Millstone Borough, and Chesilhurst, where the average property tax increase was 20%. The highest bill in the state goes to Tavistock, which had an average property tax bill of $38,387, while 22 other towns had average bills of at least $20,000.
Last year’s property tax hikes effective steamrolled over a 2010 law that put a 2% cap on property tax hikes for each town with exceptions for healthcare and pension costs. However, municipalities can raise property taxes by up to 9.9% without taxpayer input if they’ve lost school funding.
Photo by Famartin / Wikimedia Commons
