Skillman, Somerset County, New Jersey Property Taxes
Property Taxes in Skillman, New Jersey
Median Skillman, New Jersey effective property tax rate: 3.43%, significantly higher than the national median of 1.02%, and higher than the New Jersey state median of 2.88%.
Median Skillman, New Jersey home value: $545,900
Median annual Skillman, New Jersey tax bill: $18,686, $16,286 higher than the national median property tax bill of $2,400.
How are property taxes in Somerset calculated?
Property taxes in Skillman, 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 Skillman's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Skillman, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Skillman, Somerset County, New Jersey Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
3.43%
Estimate Property Tax Bill
$18,724
$17,376
How Does the Skillman Property Tax Calculator Work?
Use this Skillman property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Skillman's median effective tax rate of 3.43% — based on actual property records in Somerset County — to generate your estimate.
Enter your property's estimated assessed value — the figure used to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Skillman'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 Skillman: rates range from 3.43% in 08558 to 3.43% in 08558, 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 Skillman.
About Skillman Property Taxes
About Property Taxes in Skillman, Somerset, New Jersey
Skillman’s median effective property tax rate of 3.43% is higher than the New Jersey state median of 2.88% and higher than the national median of 1.02%. This rate reflects the Somerset 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 Skillman. Homeowners in the 08558 ZIP code carry a median effective rate of 3.43%, while those in the same ZIP also pay 3.43%. This spread — 0.00 percentage points across the same city — reflects how school district boundaries and local assessment districts are drawn across Somerset County. Understanding which part of Skillman you live in can make a meaningful difference to your annual tax bill.
Skillman 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 Skillman, Somerset 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 Skillman'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 Skillman Tax Rate
3.43%
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 Somerset County Tax Rate
1.95%
Median Effective New Jersey Tax Rate
2.88%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Skillman, Somerset County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 08558 | 3.43% | 3.43% | 3.43% | 3.43% | 3.43% |
Source: Ownwell
Property Tax Assessment Values Across Skillman, Somerset County, New Jersey
When examining property taxes in Skillman, 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 Somerset County tax assessor 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 Somerset County, assessment notices are sent in the spring each year. They'll typically reach your mailbox by the middle of February.
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 Skillman is $545,900, with tax bills ranging significantly across the county. ZIP code 08558 has the highest median home price at $545,900.
Compared with the national median property tax rate of 1.02% and national median property tax bill of $2,400, Skillman property taxes are notably higher.
Property Tax Assessment Values Across Skillman, Somerset County, New Jersey
Source: Ownwell
$230,000
$696,925
$1,163,850
Median Skillman Market Value
$545,900
Median Somerset County Market Value
$480,100
Median New Jersey Market Value
$288,200
Median United States Market Value
$235,294
Property Tax Assessment Values Across Skillman, Somerset County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 08558 | $369,840 | $447,825 | $545,900 | $669,775 | $825,000 |
Source: Ownwell
Property Tax Bills Across Skillman, Somerset County, New Jersey
Property tax bills in Skillman are based on the assessed value of a home and the local tax rate set by Somerset County and other taxing authorities. When a property’s market value rises, the assessed value can increase as well, which can lead to a higher tax bill. For homeowners in Skillman, this means taxes are tied directly to how the home is valued for tax purposes, not just what was paid for it.
The median home price in Skillman is $545,900, and the median property tax bill is $18,686, which is far above the national median property tax bill of $2,400. Tax bills can vary widely, with the 25th percentile at $15,267 and the 75th percentile at $22,908. At the 90th percentile, bills reach $28,156, showing how significantly property taxes can affect homeowners across the city.
Median Skillman Tax Bill
$18,686
Median Somerset County Tax Bill
$10,186
Median New Jersey Tax Bill
$8,638
Median United States Tax Bill
$2,400
Property Tax Bills Across Skillman, Somerset County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 08558 | $12,483 | $15,267 | $18,686 | $22,908 | $28,156 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | April 1 |
Links | |
|---|---|
| Somerset Tax Assessor | |
| Website | www.taxdatahub.com |