the staff of the Ridgewood blog
Ridgewood NJ, property taxes are generally set by local authorities such as cities, counties, and school boards, states often establish parameters in order to keep tax rates somewhat uniform. Each state, however, has different parameters, and as a result, what homeowners end up paying out of pocket can vary considerably from state to state. Most of New Jersey property taxes are roughly 2/3 local school taxes ,like Ridgewood.
New Jersey is the state with the highest aggregate property taxes paid at 2.13% of state home value. That put per capita property taxes at $3,379 which is the highest in America. The median home value is $348,800 which puts it 7th highest among all states. The homeownership rate is 63.3% which puts it in the 11th lowest position among states by the measure. New Jersey’s median household income at $85,751 is the 3rd highest.
Here are the 30 municipalities that had the highest average property taxes last year, with Ho-Ho-Kus #25, Glen Rock #21 and Ridgewood #16 :
30. Woodcliff Lake
Homeowners in this Bergen County borough paid, on average, $16,082 last year, $229 more than in 2019.
29. Closter
The average property tax bill in Closter was $16,283 in 2019. It is one of 14 Bergen County municipalities to land on the list.
28. North Caldwell
North Caldwell is one of seven Essex County municipalities in the top 30. The average property tax bill was $16,314. That’s an increase of $305 over 2019.
27. Allenhurst
The average homeowner in Allenhurst Borough in Monmouth County paid $16,369 in property taxes last year.
26. Maplewood
Permanent rainbow crosswalks in Maplewood.NJ Advance Media for NJ.com
The average property tax bill in this Essex County township was $16,632 in 2020, a $522 increase over 2019. From 2018 to 2019 the average bill rose $479, making the two-year increase here $1,001.
25. Ho-Ho-Kus
In Ho-Hu-Kus Borough, Bergen County, the average property taxpayer paid $16,887, or $368 more than in 2019.
24. Old Tappan
Another Bergen County entry, Old Tappan Borough’s average tax bill was $17,159, an increase of $135.
23. Westfield
In this Union County town, the average bill was $17,166, and just $78 higher than the year before.
22. Cresskill
Homeowners in this Bergen County borough paid an average of $17,236 in property taxes last year, a $332 increase over 2019. From 2018 to 2019 they saw a $182 increase.
21. Glen Rock
Glen Rock, yet another Bergen County locale on the list, had an average property tax bill of $17,373 in 2020, which was $571 more than the previous year. The big jump comes on the heels of a $549 increase from 2018 to 2019 and a $452 increase from 2017 to 2018.
20. Franklin Lakes
Homeowners in Franklin Lakes in Bergen County paid, on average, $17,524 in property taxes last year, or $53 more than in 2019.
19. Saddle River
Saddle River Borough in Bergen County had an average property tax bill of $18,210. That’s $708 more than in 2019. The average tax bill in 2019 was $356 higher than in 2018.
18. Haworth
The average property tax bill in Haworth Borough, Bergen County, climbed to $18,270 in 2020 from $18,117 in 2019, $17,780 in 2018, and $17,692 in 2017.
17. Summit
The average property tax bill in the city of Summit in Union County was $18,314, which was $94 higher than in 2019.
16. Ridgewood
This Bergen County village came in at $18,506 in 2020, a $272 increase from 2019. The village saw a $264 increase in the average property tax bill from 2018 to 2019.
15. Upper Saddle River
Upper Saddle River in Bergen County had an average tax bill of $18,886.
Homeowners here saw, on average, a $373 increase in their property taxes from 2019 to 2020, a $92 increase from 2018 to 2019 and a $302 increase from 2017 to 2018.
14. Deal
This Monmouth County oceanfront borough’s average property tax bill rose more than $1,000 to $19,117 last year.
13. South Orange
South Orange Village, Essex County saw an average property tax bill of $19,147, which was $490 higher than the average bill in 2019.
12. Mantoloking
Mantoloking has the highest average property tax bill of any Ocean County municipality. The average there was $19,304, a $892 increase. This comes after a $650 increase from 2018 to 2019, resulting in a $1,542 hike over two years.
The average residential property value was $2.7 million in 2020, according to the Department of Community Affairs.
11. Mendham
The Morris County township and home to former Gov. Chris Christie slides in at $19,794. That’s a $258 increase.
10. Montclair
Bloomfield Avenue in Montclair.Steve Hockstein | For NJ Advance Media
Taxpayers in this wealthy suburb in Essex County paid an average of $19,963. That’s $243 more than 2019. Taxes there rose $350, on average, from 2018 to 2019.
9. Princeton
These Mercer County homeowners paid an average of $20,352 in 2020, $480 more than in 2019.
8. Essex Fells
Essex Fells, Essex County, had an average tax bill of $20,413. That’s $552 higher than the year before. In 2019, the average tax bill there actually dropped $193.
7. Alpine
The average residential property assessment in this Bergen County borough that’s home to the well known — including Chris Rock, C.C. Sabathia, and Kellyanne Conway — was nearly $2.8 million. The average property tax bill was $21,042. That’s a $403 drop.
6. Rumson
In Rumson, Monmouth County, the average property tax bill hit $21,153, a $128 increase.
5. Glen Ridge
The average homeowner’s tax bill in this Essex County borough jumped $673 to $21,214.
4. Demarest
This Bergen County borough’s average tax bill was $21,377, a $773 hike over 2019′s $20,604 average bill.
3. Tenafly
In Tenafly, Bergen County, the average tax bill increased $411 to $21,552 in 2020.
2. Mountain Lakes
At $21,625, the average property tax bill in this Morris County borough was $645 higher than in 2019.
1. Millburn
The highest average tax bills in New Jersey can be found in Millburn Township, Essex County, where homeowners paid an average of $24,370. They paid less last year than in 2019, when the average tax bill was $24,568.
Maybe those who voted for Murphy will give it a 2nd thought next election.
Cuomo feeling the heat…finally…
the rank is misleading since the value of the home is not considered. if you were to take annual taxes as a % of home value, the list would be very different. i wouldn’t mind paying $25k per year for a $4 mil house in Alpine vs paying $25k for my cape cod in Glen Rock.
All the complainers should move to Nebraska or whatever.
sticking you with the tax bill
love the move out comments , NJ has lost an enormous amount of productive individuals and businesses to other states do to that “stuck on stupid” attitude . Most people with a real life only live hear because they have to and get out as soon as its feasible including state workers . The “pay more taxes” a-holes are usually the first to leave like a certain fire chief and a bunch of turf field heads in Ridgewood
Like they won’t be replaced? The real estate market is fine, last I checked. And since they will most likely be leftists, it works out for everyone – you can be in Nebraska while Ridgewood descends into the BLM, gender neutral apocalypse you expect it will become. Red pills and blue pills for everyone.
NJ leads in outmigration , with means they are not being replaced
Ah yes, the bogeyman of all the smart or productive people “leaving” NJ as if that has ever been meaningfully calculated (the one anecdotal example people always cite – David Tepper – has already returned). If you can’t afford the taxes here, work harder. Isn’t this what conservatives always tell people who are on welfare, whenever they want to cut social services?
you omitted the part he is back to take care of family members , because he has a “life “
NJ State of the State : New Jersey Leads the Nation in Covid Death Rate, and Outmigration
https://theridgewoodblog.net/nj-state-of-the-state-new-jersey-leads-the-nation-in-covid-death-rate-and-outmigration/
Congratulations NJ and for those who say love it or leave it, your lesson in economics will be repeated again and again. At some point, you will hear it but then there will be no soup for you. (You will recognize that anonymous poster who offered that the complainers move elsewhere by the dunce hat.) To critique or express one’s annoyance that NJ residents pay the highest property taxes is an essential red flag to those leaders who will otherwise ignore its inevitable impact. The economic well being of any state is reliant on a sustainable tax policy. NJ’s report card on this matter is apparent by the number of those who decided to go elsewhere. The fact is that property tax payments are not only a large deduction to household annual cash outflow but can be a permanent reduction to the equity you think you have in your house. For NJ, the undeniable fact is that earners across the spectrum are moving to locations where the vig is lower. At some point, even the unionists will have to admit you can’t pay Paul when Peter is beyond the state’s reach.
Congratulations NJ and for those who say love it or leave it, your lesson in economics will be repeated again and again. At some point, you will hear it but then there will be no soup for you. (You will recognize that anonymous poster who offered that the complainers move elsewhere by the dunce hat.) To critique or express one’s annoyance that NJ residents pay the highest property taxes is an essential red flag to those leaders who will otherwise ignore its inevitable impact. The economic well being of any state is reliant on a sustainable tax policy. NJ’s report card on this matter is apparent by the number of those who decided to go elsewhere. The fact is that property tax payments are not only a large deduction to household annual cash outflow but can be a permanent reduction to the equity you think you have in your house. For NJ, the undeniable fact is that earners across the spectrum are moving to locations where the vig is lower. At some point, even the unionists will have to admit you can’t pay Paul when Peter is beyond the state’s reach.
Remote schooling not worththe tax bill. New Jersey has the most to lose in this environment.
Love all the Ridgwood cucks who mooch off their wives bragging about paying high taxes lol
Many people don’t seem to understand the power of compounding, whether they are investing (or not investing) or spending. Or that if you increase employees (whether in the Village or in the School System) it is not just about the salary because employees inevitably want a budget and to spend money. Since moving here, I’ve seen many times the argument about taxes along the lines of: “it’s just 2%”, or, likening the increase to just skipping some trips to the Starbucks, i.e., “oh it’s not that much, we should just pay this.” Well over ten years that “small” 2% increase compounds to an increase of over 20%. Fiscal responsibility should be everyone’s concern. It’s a lack of leadership not to address resource allocation issues that impact the future. Money should not be spent just because it can.
I’ve lived in New Jersey for over 50 years we live in a modest home and we’re paying $14,000 a year
a lot of individuals say our houses will sell no matter what because people come here for the school systems that are excellent but coming upon retirement I can’t afford to stay here and pay those taxes with nothing in return
taxes in New Jersey have been an ongoing problem and not one government elected official has tried but promised to look into it and do something about it
as I’m done and I’m out
See guys – Mavis is leaving – he/she knows what’s up and is getting out while the getting is good. You should do the same.
Come here for the schools?
How yesterday that comment is…parties over pal.
David Tepper left to realize huge gains from his hedge fund. After escaping the confiscatory tax he has since moved back to NJ. It’s that simple.
Supply and demand, guys. Face it, RDWD is amazingly located. And high taxes keep undesirables away. Nebraska is an option if you’re rdy to retire and can’t stand ppl. If you earn good $, RDWD is da place.
RDWD is importing the undesirables
See Low Income Housing
See Ginormous Garage
See Indoctrination in the school system.
The concept of “Home Rule” has always driven
High home owner’ taxes. Nepotism drives our
High taxes. Compare the services we are duplicating every few
Miles in each township to other states who share services and schools. Many of a township’s positions are held by people that are related .