Morganville, Monmouth County, New Jersey Property Taxes

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Property Taxes in Morganville, New Jersey

Median Morganville, New Jersey effective property tax rate: 2.41%, significantly lower than the national median of 1.02%, and lower than the New Jersey state median of 2.88%.
Median Morganville, New Jersey home value: $460,100
Median annual Morganville, New Jersey tax bill: $10,977, higher than the national median property tax bill of $2,400.

How are property taxes in Monmouth calculated?

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

Last Updated April 13, 2026

Morganville, Monmouth County, New Jersey Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.41%

Estimate Property Tax Bill

$11,088

$10,290

How Does the Morganville Property Tax Calculator Work?

Use this Morganville property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Morganville's median effective tax rate of 2.41% — based on actual property records in Monmouth County — to generate your estimate.

Enter your property's estimated assessed value — the figure the local assessment system uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Morganville's median effective rate across all local levies, providing a more accurate estimate than applying a single county millage rate.

Your bill may vary by ZIP code within Morganville: rates are 10977 in 07751, primarily due to differences in school district levies and local assessment districts.

For a more precise estimate, scroll down to explore ZIP code-level tax rate trends across Morganville.

About Morganville Property Taxes

About Property Taxes in Morganville, Monmouth, New Jersey

Morganville's median effective property tax rate of 2.41% is lower than the New Jersey state median of 2.88% and higher than the national median of 1.02%. This rate reflects the Monmouth County base levy combined with local school district levies and special assessment districts that vary by subdivision throughout the city.

Property tax rates are not uniform across Morganville. Homeowners in the 07751 ZIP code carry a median effective rate of 2.41%, while those in 07751 pay 2.41%. This spread — 0 percentage points across the same city — reflects how school district boundaries and local assessment districts are drawn across Monmouth County. Understanding which part of Morganville you live in can make a meaningful difference to your annual tax bill.

Morganville homeowners who believe their assessed value is too high can file a formal appeal with the Tax Assessor before the April 1, 2026 deadline each year.

If your estimated bill above seems higher than expected, Ownwell can review your assessment and protest on your behalf. You only pay if we save you money.

Property Tax Rates Across Morganville, Monmouth County, New Jersey

As noted earlier, local government entities set tax rates, which can vary widely within a state.

Why? Because annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate.

While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.

Below, you can compare Morganville's effective property tax rate to other cities in New Jersey and the median property tax rates in New Jersey and the U.S.

Property Tax Rates Across Morganville, 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 Morganville Tax Rate

2.41%

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 Morganville, Monmouth County, New Jersey

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
07751	2.40%	2.40%	2.41%	2.41%	2.41%

Source: Ownwell

Property Tax Assessment Values Across Morganville, Monmouth County, New Jersey

When examining property taxes in Morganville, New Jersey, 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 tax authority 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.

Assessment notices:

In Monmouth County, assessment notices are sent in the spring each year. They'll typically reach your mailbox by the middle of November.

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. For example, the median home price in Morganville is $460,100, with tax bills ranging significantly across the county. Zip code 07751 has the highest median home price at $460,100.

Property Tax Assessment Values Across Morganville, Monmouth County, New Jersey

Source: Ownwell

$306,400

$1,667,525

$3,028,650

Median Morganville Market Value

$460,100

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 Morganville, Monmouth County, New Jersey

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
07751	$267,800	$346,300	$460,100	$639,900	$820,280

Source: Ownwell

Property Tax Bills Across Morganville, Monmouth County, New Jersey

Property tax bills in Morganville are based on the assessed value of a home, not its market price alone. Local tax rates are applied to that assessment, and the final bill reflects how the property is classified and which taxing authorities collect revenue in the area. For homeowners, this means two similar homes can receive different tax bills if their assessed values differ.

With a median home price of $460,100, Morganville homeowners often face substantial property tax obligations. The typical tax bill in the area is $10,977, which is far above the national median property tax bill of $2,400 and the national median property tax rate of 1.02%. Bills can vary widely, with the 25th percentile at $8,212 and the 75th percentile at $15,334. At the high end, the 90th percentile reaches $19,719.

For homeowners, a higher assessed value can mean a much larger annual bill, making it important to understand how local assessments affect overall housing costs.

Property Tax Bills Across Morganville, Monmouth County, New Jersey

Source: Ownwell

$5,580

$12,512

$19,444

Median Morganville Tax Bill

$10,977

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 Morganville, Monmouth County, New Jersey

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
07751	$6,328	$8,212	$10,977	$15,334	$19,719

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 Morganville, New Jersey

How are property taxes calculated in Morganville, New Jersey?

Property taxes in Morganville, 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 Morganville, New Jersey?

To appeal your property taxes in Morganville, 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 Morganville, New Jersey?

Common property tax exemptions in Morganville, 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 Morganville, New Jersey?

Property tax deadlines in Morganville, 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 Morganville, New Jersey?

Ownwell provides professional property tax appeal services in Morganville, 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.