Property taxes went up by $158 for the average New Jersey homeowner last year, according to figures compiled by New Jersey 101.5. The total jump in the tax levy was the most in 10 years.
The average residential property tax bill in 2020 was $9,111, an increase of 1.8%, according to the unofficial data. The state Department of Community Affairs hasn’t released its annual report yet; last year, it was published in early March.
Though the bill is increasing, the yearly statewide change looks good, said Marc Pfeiffer, assistant director of Rutgers University’s Bloustein Local Government Research Center. The increase is less than 2% and has been less than or equal to the increase in the state’s assessed taxable value for the last four years.