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How Much is Property Tax on a $850,000 Home in New Jersey?
Property tax on a $850,000 home in New Jersey typically ranges from $12,750 to $29,750 per year (roughly $1,063 to $2,479/month), depending on the county. Based on the statewide average effective rate of 2.49%, you can expect to pay around $21,165/year, or $1,764/month. New Jersey consistently ranks first in the country for effective property tax rates, reflecting high home values and heavy reliance on local property taxes for school funding.