Roosevelt, Monmouth County, New Jersey Property Taxes
Property Taxes in Roosevelt, New Jersey
Median Roosevelt, New Jersey effective property tax rate: 2.75%, significantly lower than the national median of 1.02%, and lower than the New Jersey state median of 2.88%.
Median Roosevelt, New Jersey home value: $333,000
Median annual Roosevelt, New Jersey tax bill: $8,452, higher than the national median property tax bill of $2,400.
How are property taxes in Monmouth calculated?
Property taxes in Roosevelt, 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 Roosevelt's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Roosevelt, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Roosevelt, Monmouth County, New Jersey Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
2.75%
Estimate Property Tax Bill
$9,158
$8,498
How Does the Roosevelt Property Tax Calculator Work?
Use this Roosevelt property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Roosevelt's median effective tax rate of 2.75% — based on actual property records in Monmouth County — to generate your estimate.
Enter your property's estimated assessed value — the figure the local appraisal district uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Roosevelt'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 Roosevelt: rates range from 2.75% in 08555 to 2.75% in 08555, 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 Roosevelt.
About Roosevelt Property Taxes
About Property Taxes in Roosevelt, Monmouth, New Jersey
Roosevelt’s median effective property tax rate of 2.75% 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 Roosevelt. Homeowners in ZIP code 08555 carry a median effective rate of 2.75%, while those in the same ZIP also pay 2.75%. This spread shows how local taxing jurisdictions can shape what homeowners owe across the area.
Roosevelt 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 Roosevelt, 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 Roosevelt's effective property tax rate to other cities in New Jersey and the median property tax rates in New Jersey and the U.S.
Our median effective property tax rate (tax bill Ă· 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 Roosevelt Tax Rate
2.75%
Our median effective property tax rate (tax bill Ă· 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 Roosevelt, Monmouth County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 08555 | 2.16% | 2.43% | 2.75% | 2.86% | 2.89% |
Source: Ownwell
Property Tax Assessment Values Across Roosevelt, Monmouth County, New Jersey
When examining property taxes in Roosevelt, 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 assessment office 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 Roosevelt is $333,000, with a median tax bill of $8,452. The 25th percentile tax bill is $7,203, while the 75th percentile is $10,588 and the 90th percentile is $13,422. Roosevelt’s median tax bill is far above the national median property tax bill of $2,400 and its property tax rate is well above the national median property tax rate of 1.02%.
Property Tax Assessment Values Across Roosevelt, Monmouth County, New Jersey
Source: Ownwell
$306,400
$1,667,525
$3,028,650
Median Roosevelt Market Value
$333,000
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 Roosevelt, Monmouth County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 08555 | $238,690 | $262,050 | $333,000 | $402,875 | $520,930 |
Source: Ownwell
Property Tax Bills Across Roosevelt, Monmouth County, New Jersey
Property tax bills in Roosevelt are based on the assessed value of a home and the local tax rate set by taxing authorities. When a property’s assessed value rises, the tax bill can increase even if the homeowner’s income does not change. For Roosevelt homeowners, the median home price is $333,000, and property tax bills are often substantial compared with the national median property tax bill of $2,400.
Several factors affect the final bill, including the home’s assessed market value, local budgets, and the tax rate applied in Monmouth County. In Roosevelt, the median property tax bill is $8,452 in ZIP code 08555, with the same figure shown as both the highest and lowest median tax bill in the available data. That means many homeowners face bills well above the national median, with the 25th percentile at $7,203 and the 75th percentile at $10,588. For homeowners, this can have a major impact on monthly housing costs and overall affordability.
Median Roosevelt Tax Bill
$8,452
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 Roosevelt, Monmouth County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 08555 | $6,725 | $7,203 | $8,452 | $10,588 | $13,422 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | April 1 |
Links | |
|---|---|
| Monmouth Tax Assessor | |
| Website | oprs.co.monmouth.nj.us |