Interlaken, Monmouth County, New Jersey Property Taxes
Median Interlaken, NJ effective property tax rate: 0.93%, significantly lower than the national median of 1.02%, but lower than the New Jersey state median of 2.82%.
Median Interlaken, NJ home value: $881,250
Median annual Interlaken, NJ tax bill: $8,090, $5,690 higher than the national median property tax bill of $2,400.
How are property taxes in Monmouth calculated?
Property taxes in Interlaken, NJ are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.
Understanding Interlaken’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Interlaken, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Interlaken, Monmouth County, New Jersey Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.81%
Estimate Property Tax Bill
$9,668
$8,972
Property Tax Rates Across Interlaken, Monmouth County, New Jersey
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Interlaken Tax Rate
0.81%
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Monmouth County Tax Rate
1.64%
Median Effective New Jersey Tax Rate
2.88%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Interlaken, Monmouth County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 07712 | 0.73% | 0.77% | 0.81% | 0.85% | 0.87% |
Source: Ownwell
Property Tax Assessment Values Across Interlaken, Monmouth County, New Jersey
When examining property taxes in Interlaken, NJ, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Monmouth County appraisal district estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.
In Monmouth County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Interlaken. For example, the median home price in Interlaken is $881,250, with tax bills ranging significantly across the county. Zip code 07712 has the highest median home price at $881,250.
Property Tax Assessment Values Across Interlaken, Monmouth County, New Jersey
Source: Ownwell
$306,400
$1,667,525
$3,028,650
Median Interlaken Market Value
$1,193,600
Median Monmouth County Market Value
$565,900
Median New Jersey Market Value
$288,200
Median United States Market Value
$235,294
Property Tax Assessment Values Across Interlaken, Monmouth County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 07712 | $938,520 | $1,057,000 | $1,193,600 | $1,426,600 | $1,892,560 |
Source: Ownwell
Property Tax Bills Across Interlaken, Monmouth County, New Jersey
In INTERLAKEN, NJ, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. This assessed value is then multiplied by the local tax rate to determine the annual property tax bill. In Monmouth County, where INTERLAKEN is located, the median property tax bill is significantly higher than the national median of $2,400, reflecting the area's higher home values. With a median home price of $881,250, homeowners in INTERLAKEN face substantial tax bills, with the 25th percentile at $7,151 and the 90th percentile reaching $12,980.
Factors such as property size, improvements, and market trends influence the assessed value, impacting the tax bill. High property taxes can strain homeowners financially, but Ownwell can help alleviate this burden. By providing expert property tax appeal services, Ownwell assists homeowners in challenging their assessed values, potentially reducing their tax obligations. This service can lead to significant savings, making homeownership more affordable in high-tax areas like INTERLAKEN.
Property Tax Bills Across Interlaken, Monmouth County, New Jersey
Source: Ownwell
$5,580
$12,512
$19,444
Median Interlaken Tax Bill
$9,682
Median Monmouth County Tax Bill
$9,498
Median New Jersey Tax Bill
$8,638
Median United States Tax Bill
$2,400
Property Tax Bills Across Interlaken, Monmouth County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 07712 | $7,981 | $8,700 | $9,682 | $11,341 | $14,617 |
Source: Ownwell