Personal Finance

Morris Pays 4th-Highest Property Taxes In NJ: See Most Expensive Towns

On average, Garden State property owners paid about $300 more in taxes in 2023 than in the previous year.

MORRIS COUNTY, NJ — Some Morris County communities average among the highest property tax rates in New Jersey, state data shows.

The New Jersey Department of Community Affairs recently released the 2023 property tax tables for each town and city in the state. On average, New Jersey property owners paid a record $9,803 in property taxes on a home valued at $365,661 – about $300 more than the previous year. Homeowners in eight New Jersey counties pay more than $10,000 annually on average, including in Morris County. Read More: NJ Property Taxes Hit A New High

Out of the 15 towns with the highest average taxes in the state, two were from Morris: Mountain Lakes Borough and Mendham Township. In total, the average Morris County property owner paid $11,599 in property taxes on a home valued at $469,981 last year, the fourth-highest in the state.

Find out what's happening in Morristownfor free with the latest updates from Patch.

Essex County had the highest average taxes in the Garden State, with the average property owner paying $13,488 last year in taxes on a home valued at $428,538.

Here are the Morris County communities paying the highest average property taxes (totals don’t include credits and deductions):

Find out what's happening in Morristownfor free with the latest updates from Patch.

  1. Mountain Lakes Borough: $22,441 average tax bill on a home valued at $887,762
  2. Mendham Twp.: $20,325 average tax bill on a home valued at $973,048
  3. Mendham Boro: $17,015 average tax bill on a home valued at $693,518
  4. Chester Twp.: $16,818 average tax bill on a home valued at $663,419
  5. Chatham Twp.: $16,565 average tax bill on a home valued at $846,933
  6. Kinnelon Boro: $16,427 average tax bill on a home valued at $579,200
  7. Chatham Boro: $15,414 average tax bill on a home valued at $992,472
  8. Harding Twp.: $14,959 average tax bill on a home valued at $1,294,156
  9. Madison Boro: $14,301 average tax bill on a home valued at $694,753
  10. Chester Boro: $14,071 average tax bill on a home valued at $535,375

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