New Jersey · FIPS 34035 · ACS 2020–2024
Somerset County, New Jersey property tax rate
Homeowners in Somerset County paid a median of $10,000+ a year in real estate taxes on a median home value of $552,100 (2020–2024 survey). Taxes came to 1.84% of home value, 2% below the New Jersey rate of 1.88% and 96% above the U.S. rate of 0.94%.
- 1.84%Effective tax rate±0.04% margin · New Jersey: 1.88%
- $10,000+Median tax per yearNew Jersey: $9,590 · U.S.: $3,119
- $552,100Median home valueNew Jersey: $454,400
- 97,187Owner-occupied homes74% of households own
| Measure | Somerset County | New Jersey | U.S. | Somerset County 2019–2023 | Change |
|---|---|---|---|---|---|
| Effective tax rate | 1.84% | 1.88% | 0.94% | 1.90% | −0.06 pts |
| Median tax, all owners | $10,000+ | $9,590 | $3,119 | $10,000+ | n/a |
| Median tax, with a mortgage | $10,000+ | $9,741 | $3,489 | $10,000+ | n/a |
| Median tax, no mortgage | $10,000+ | $9,313 | $2,576 | $10,000+ | n/a |
| Median home value | $552,100 | $454,400 | $332,700 | $523,900 | +$28,200 (+5.4%) |
| Total taxes paid | $1,135,494,700 | $22,842,596,700 | $360,573,527,500 | $1,113,084,500 |
How Somerset County compares
- Per $1,000 of home value, owners here paid about $18.44 a year, against $18.85 statewide and $9.40 nationally.
- Rank in New Jersey: 6 of 21 counties from lowest to highest effective rate (among those with reliable estimates). Nationally, 97% of 2,682 counties had a lower rate.
- Homes with a mortgage: 1.82% of value; homes without one: 1.88%. Median bills: $10,000+ and $10,000+.
- Compared with the 2019–2023 survey, the effective rate fell (−0.06 pts) and the median tax changed n/a. The two 5-year surveys share four years of responses, so year-to-year moves are small and partly noise.
- Margin of error: the effective rate is 1.84% ± 0.04% at 90% confidence, from a sample of the 97,187 owner-occupied homes.
New Jersey counties with similar rates
| County | Effective rate | Median tax | Median value |
|---|---|---|---|
| Morris County | 1.84% | $10,000+ | $582,500 |
| Atlantic County | 1.86% | $6,776 | $295,000 |
| Bergen County | 1.89% | $10,000+ | $623,000 |
| Middlesex County | 1.99% | $9,712 | $462,900 |
| Cumberland County | 2.02% | $5,052 | $221,400 |
| Union County | 2.03% | $10,000+ | $529,200 |
| Hunterdon County | 2.04% | $10,000+ | $517,200 |
| Burlington County | 2.07% | $7,983 | $354,000 |
Sources
- U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates, table-based summary file: B25090 (aggregate real estate taxes), B25082 (aggregate home value), B25103 (median real estate taxes), B25077 (median home value) and B25003 (tenure); files dated January 29, 2026.
- U.S. Census Bureau, American Community Survey 2019–2023 5-year estimates, same tables (files dated October 31, 2024), for the comparison column.
- Geography names: Census Bureau Geos20245YR.txt (file dated January 22, 2026).
Effective rate = total real estate taxes paid by owner-occupied homes ÷ their total value, as reported by owners to the Census Bureau. It is not a millage rate. Your bill depends on your assessed value, exemptions (such as homestead) and local levies.