Little Silver, Monmouth County, New Jersey Property Taxes

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Property Taxes in Little Silver, New Jersey

Median Little Silver, NJ effective property tax rate: 1.85%, significantly higher than the national median of 1.02%, but lower than the New Jersey state median of 2.82%.
Median Little Silver, NJ home value: $650,200
Median annual Little Silver, NJ tax bill: $11,849, $9,449 higher than the national median property tax bill of $2,400.

How are property taxes in Monmouth calculated?

Property taxes in Little Silver, 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 Little Silver’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Little Silver, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Little Silver, Monmouth County, New Jersey Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.63%

Estimate Property Tax Bill

$12,999

$12,063

Ownwell’s Little Silver Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Little Silver with just two data points. By entering your property's estimated assessed value, our calculator applies Little Silver’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Monmouth County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Little Silver, Monmouth County, New Jersey

Local government entities determine tax rates, which can vary significantly within a state. Each year, counties calculate their required budget to fund services and divide this by the total value of all taxable property within their area. This process establishes the property tax rate. Although votes and laws play roles in setting these rates and budgets, this is the basic annual procedure.

In Little Silver, situated in Monmouth County, the effective property tax rate stands out in comparison to other cities in New Jersey. Notably, Little Silver's tax rate aligns with the highest in the county. When compared to the national median property tax rate of 1.02%, Little Silver's rate is considerably higher. This is a common trend in New Jersey, where property tax rates often surpass the national average, reflecting the state's emphasis on funding local services through property taxes.

Understanding these rates can be crucial for property owners, as they directly impact annual property tax bills. By staying informed, property owners can better navigate potential savings through appeals or exemptions, ensuring they are not overpaying on their property taxes.

Property Tax Rates Across Little Silver, Monmouth County, New Jersey

Source: Ownwell

0.41%

1.58%

2.75%

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 Little Silver Tax Rate

1.63%

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 Little Silver, Monmouth County, New Jersey

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
07739	1.54%	1.60%	1.63%	1.67%	1.78%

Source: Ownwell

Property Tax Assessment Values Across Little Silver, Monmouth County, New Jersey

When examining property taxes in Little Silver, 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 April. 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 Little Silver.

For example, the median home price in Little Silver is $650,200, with tax bills ranging significantly across the county. Zip code 07739 has the highest median home price at $650,200.

Property Tax Assessment Values Across Little Silver, Monmouth County, New Jersey

Source: Ownwell

$306,400

$1,667,525

$3,028,650

Median Little Silver Market Value

$797,500

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 Little Silver, Monmouth County, New Jersey

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
07739	$507,020	$616,700	$797,500	$1,034,950	$1,571,280

Source: Ownwell

Property Tax Bills Across Little Silver, Monmouth County, New Jersey

In Little Silver, 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 tax bill. The median home price in Little Silver is $650,200, significantly higher than the national median, which contributes to higher tax bills. Homeowners in Little Silver can expect a median tax bill of $11,849, notably above the national median of $2,400. Factors such as property size, location, and improvements can influence the assessed value, impacting the final tax bill. For homeowners, these high taxes can be a financial burden, but Ownwell offers a solution. By providing property tax appeal and exemption services, Ownwell helps homeowners potentially lower their assessed values, thus reducing their tax bills. With expertise in navigating the complex tax system, Ownwell ensures homeowners pay only their fair share, alleviating some of the financial stress associated with property ownership in Little Silver.

Property Tax Bills Across Little Silver, Monmouth County, New Jersey

Source: Ownwell

$5,580

$12,512

$19,444

Median Little Silver Tax Bill

$13,092

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 Little Silver, Monmouth County, New Jersey

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
07739	$7,954	$10,079	$13,092	$16,641	$25,075

Source: Ownwell

Don't miss the deadline to appeal!

Dates
Appeal Deadline	April 1

Links
Monmouth Tax Assessor
Website	oprs.co.monmouth.nj.us

Frequently Asked Property Tax Questions in Little Silver, New Jersey

How are property taxes calculated in Little Silver, New Jersey?

Property taxes in Little Silver, New Jersey are calculated by multiplying your property's assessed value by the applicable tax rate set by local taxing authorities. The assessed value is determined by the county assessor and may differ from your property's market value depending on local assessment ratios and exemptions.

How do I appeal my property taxes in Little Silver, New Jersey?

To appeal your property taxes in Little Silver, New Jersey, you typically need to file a formal protest or appeal with your local appraisal district or assessor's office by the stated deadline. You'll need evidence such as comparable sales, a recent independent appraisal, or documentation of property condition issues. Ownwell can handle this entire process for you.

What property tax exemptions are available in Little Silver, New Jersey?

Common property tax exemptions in Little Silver, New Jersey include homestead exemptions for primary residences, senior citizen exemptions, veteran exemptions, and disability exemptions. Exemption amounts and eligibility requirements vary by county. Contact your local appraisal district or check Ownwell for details specific to your property.

When are property taxes due in Little Silver, New Jersey?

Property tax deadlines in Little Silver, New Jersey vary by county but typically include an assessment notice period in spring or early summer, followed by an appeal deadline, and a tax payment due date in the fall or winter. Check with your county assessor's office for specific dates in your area.

How can Ownwell help reduce my property taxes in Little Silver, New Jersey?

Ownwell provides professional property tax appeal services in Little Silver, New Jersey. Our team analyzes your assessment, gathers evidence, files all paperwork, and represents you at hearings — all with no upfront cost. You only pay a percentage of your savings if we successfully lower your tax bill.