Property Taxes Went Down In These 31 NJ Towns

NEW JERSEY — Though rates keep climbing in most of the Garden State, residents in more than two dozen communities saw their property tax bills go down in 2024, state data shows.

The decreases ranged from a few bucks to several hundred dollars for the average taxpayer, with three communities seeing their bills cut by 10 percent or more.

Property owners in Elizabeth, in Union County, saw an almost 16 percent decrease in their tax bill last year, according to the New Jersey Department of Community Affairs (DCA).

Fourteen towns had less than 1 percent of their tax burden decreased, including Tavistock Borough in Camden, which has the highest average property tax bill in the state at $37,908.

And, another 14 communities had average decreases between 1 and 9 percent.

Here's a look at the 31 New Jersey towns where property taxes decreased last year, ranked from highest to lowest percentage change:

Elizabeth City (Union)

• Average property tax bill in 2024: $9,213
• Average change, 2023-2024: −15.97 percent

Union City (Hudson)

• Average property tax bill in 2024: $7,897
• Average change, 2023-2024: −12.6 percent

Stow Creek Township (Cumberland)

• Average property tax bill in 2024: $5,473
• Average change, 2023-2024: −11.06

Teterboro Borough (Bergen)

• Average property tax bill in 2024: $1,936
• Average change, 2023-2024: −8.15 percent

Millstone Township (Monmouth)

• Average property tax bill in 2024: $12,111
• Average change, 2023-2024: −3.9 percent

Morristown (Morris)

• Average property tax bill in 2024: $10,008
• Average change, 2023-2024: −3.87 percent

Fairfield Township (Cumberland)

• Average property tax bill in 2024: $4,221
• Average change, 2023-2024: −3.48 percent

Stockton Borough (Hunterdon)

• Average property tax bill in 2024: $9,122
• Average change, 2023-2024: −2.61 percent

Atlantic City (Atlantic)

• Average property tax bill in 2024: $4,263
• Average change, 2023-2024: −2.42 percent

Milford Borough (Hunterdon)

• Average property tax bill in 2024: $8,880
• Average change, 2023-2024: −1.83 percent

Eastampton Township (Burlington)

• Average property tax bill in 2024: $7,355
• Average change, 2023-2024: −1.75 percent

Montvale Borough (Bergen)

• Average property tax bill in 2024: $13,608
• Average change, 2023-2024: −1.72 percent

Logan Township (Gloucester)

• Average property tax bill in 2024: $4,242
• Average change, 2023-2024: −1.54 percent

Newfield Borough (Gloucester)

• Average property tax bill in 2024: $6,829
• Average change, 2023-2024: −1.45 percent

Maurice River Township (Cumberland)

• Average property tax bill in 2024: $4,685
• Average change, 2023-2024: −1.25 percent

Chester Borough (Morris)

• Average property tax bill in 2024: $13,923
• Average change, 2023-2024: −1.06 percent

Pilesgrove Township (Salem)

• Average property tax bill in 2024: $10,173
• Average change, 2023-2024: −1.05 percent

Netcong Borough (Morris)

• Average property tax bill in 2024: $9,091
• Average change, 2023-2024: −0.83 percent

Tavistock Borough (Cumberland)

• Average property tax bill in 2024: $37,908
• Average change, 2023-2024: −0.78 percent

Bass River Township (Burlington)

• Average property tax bill in 2024: $4,918
• Average change, 2023-2024: -0.64 percent

Elk Township (Gloucester)

• Average property tax bill in 2024: $7,671
• Average change, 2023-2024: −0.43 percent

West Cape May Borough (Cape May)

• Average property tax bill in 2024: $7,311
• Average change, 2023-2024: −0.35 percent

Woodbine Borough (Cape May)

• Average property tax bill in 2024: $2,097
• Average change, 2023-2024: -0.31 percent

Folsom Borough (Atlantic)

• Average property tax bill in 2024: $4,380
• Average change, 2023-2024: −0.29 percent

Kingwood Township (Hunterdon)

• Average property tax bill in 2024: $9,395
• Average change, 2023-2024: −0.28 percent

South Bound Brook Borough (Somerset)

• Average property tax bill in 2024: $9,125
• Average change, 2023-2024: -0.25 percent

Cape May City (Cape May)

• Average property tax bill in 2024: $7,182
• Average change, 2023-2024: -0.23 percent

Delanco Township (Burlington)

• Average property tax bill in 2024: $6,676
• Average change, 2023-2024: -0.06 percent

Mansfield Township (Burlington)

• Average property tax bill in 2024: $8,265
• Average change, 2023-2024: -0.03 percent

Shrewsbury Borough (Monmouth)

• Average property tax bill in 2024: $13,579
• Average change, 2023-2024: -0.03 percent

East Hanover Township (Morris)

• Average property tax bill in 2024: $9,152
• Average change, 2023-2024: -0.03 percent

Property taxes in New Jersey are made up of three parts: school, municipal, and county. In 2024, the average property owner in New Jersey paid 52.2 percent of their total for school taxes, 29.9 percent for municipal taxes, and 17.9 percent for county taxes.

The average property tax bill in the Garden State topped $10,000 for the first time last year, coming in at $10,095. That's according to the DCA, which released numbers showing what average residents in each New Jersey community paid in property taxes in 2024. Statewide, property tax bills went up about 3 percent in 2024.

See the average property tax bill and residential property value for all 564 municipalities in the Garden State below, or click here to open the table in a new window.