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How Much is Property Tax on a $950,000 Home in New Jersey?
Property tax on a $950,000 home in New Jersey typically ranges from $14,250 to $33,250 per year (roughly $1,188 to $2,771/month), depending on the county. Based on the statewide average effective rate of 2.49%, you can expect to pay around $23,655/year, or $1,971/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.