Newark, NJ Property Tax Calculator
Estimate property tax for a home in Newark, NJ. Homes in Newark are assessed by Essex County, where the effective property tax rate runs about 2.50% of market value — so a median-priced Newark home of $470,000 generates roughly $11,750 in annual property tax. Enter your specific home value below for a custom estimate.
Annual Tax
$11,750
2.50% of $470,000
Monthly Tax
$979
Typically escrowed with your mortgage
State Rank
#1 of 51
Highest rate = #1
vs. National Average
Highest property tax states
- New Jersey2.49%
- Illinois2.23%
- New Hampshire2.18%
- Connecticut2.15%
- Vermont1.90%
Lowest property tax states
- Hawaii0.32%
- Alabama0.41%
- Colorado0.55%
- Louisiana0.56%
- District of Columbia0.57%
These are state-level averages. Individual counties and cities can vary significantly — a home in Austin's urban core may have a far higher effective rate than the Texas state average, for example. For the most accurate estimate, get the exact millage rate from your county assessor and override the rate field above.
How to use it
A two-minute guide.
The Home Value field is pre-filled with Newark's median home value of $470,000. Override with your actual home's market value for a specific estimate — your tax bill scales linearly with home value.
The rate is pre-filled with Essex County's effective rate of 2.50% — the county-level average for owner-occupied homes, which is more precise than New Jersey's statewide average of 2.49%. Individual school districts and special taxing zones within Newark still shift the exact figure — if you know the rate from your latest tax bill, override it for the most precise estimate.
You'll see your estimated annual property tax, the monthly amount (which is typically escrowed with your mortgage payment), and a comparison to other states.
How it works
The math behind the result.
How Newark's tax bill works out. Homes in Newark are assessed and billed through Essex County. The effective rate there averages about 2.50% of market value — right around New Jersey's statewide average. On Newark's median home value of $470,000, that's approximately $11,750/year, or $979/month when escrowed with your mortgage.
How assessment works in New Jersey. Municipal assessors set values with county equalization; many towns go decades between revaluations, so assessed values are compared to market via the state's equalization ratio. New Jersey has the highest property taxes in the nation.
Exemptions worth claiming. Relief comes mostly as rebates: the ANCHOR benefit pays homeowners up to ~$1,500, Senior Freeze reimburses increases for qualified seniors, and the new StayNJ program will cut senior bills up to 50%. Exemptions are the most common reason two identical Newark homes pay different tax bills — make sure yours are on file with Essex County.
What property tax actually pays for. In Newark — like the rest of New Jersey — property tax funds local schools, public safety (police, fire), road maintenance, parks, libraries, and county government. Most of your bill stays in your county and school district.
Comparing to other states. Effective rates vary enormously across the US — from about 0.3% in Hawaii to nearly 2.5% in New Jersey. Newark's 2.50% puts it in the upper third nationally.
Questions
Frequently asked.
Buying in Newark? Estimate your full mortgage payment with our Newark Mortgage Calculator. Or see how New Jersey property tax rates compare across the state with our New Jersey Property Tax Calculator.
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