LOWEST Property Taxes in Northern NJ (2025): 5 Towns You NEED to Know!
LOWEST Property Taxes in Northern NJ (2025):
5 Towns You NEED to Know!
Are you dreaming of living in Northern New Jersey but feeling overwhelmed by the state’s notoriously high property taxes? You’re not alone! While NJ is famous for its taxes, there are hidden gems where you can enjoy lower rates without sacrificing quality of life. In this guide, we’ll uncover the 5 towns with the lowest property taxes in Northern NJ, why they’re great places to live, and how to find your dream home in these communities.
What is an Equalized Tax Rate?
Each town in New Jersey uses its own method for assessing property values, which can make it tricky to compare property taxes across municipalities. An equalized tax rate adjusts for these differences by reflecting the true market value of homes, creating a fair comparison between towns. It’s the closest thing to an “apples-to-apples” evaluation for property taxes.
For the most accurate and up-to-date equalized tax rates, check out the New Jersey Division of Taxation’s official reports.
Top 5 Towns with the Lowest Property Taxes in Northern NJ
| Town | County | Why It’s Affordable | Unique Features |
|---|---|---|---|
| Mahwah Township | Bergen County | Low equalized tax rate, family-friendly community | Outdoor recreation, scenic parks |
| Edgewater Borough | Bergen County | Commercial tax base offsets residential taxes | Hudson River views, NYC access |
| Carlstadt Borough | Bergen County | Commercial revenue keeps taxes low | Easy access to NYC, suburban charm |
| East Rutherford Borough | Bergen County | Revenue from Meadowlands Complex | Big-city entertainment, suburban living |
| North Bergen Township | Hudson County | Balanced residential and commercial tax revenue | Close to NYC, public parks |
FAQs About Property Taxes in Northern NJ
What are property taxes like in New Jersey?
New Jersey has the highest average property taxes in the U.S., but towns like Mahwah and Carlstadt offer relief with low equalized tax rates.
What is an equalized tax rate?
It’s a method to adjust local assessments so that property taxes across towns reflect true market values, making comparisons fairer.
Which town has the lowest property taxes in Northern NJ?
Mahwah Township consistently ranks among the towns with the lowest equalized tax rates in Northern NJ, making it a top choice for budget-conscious buyers.
Ready to Find Your Dream Home in Northern NJ?
These 5 towns offer an incredible opportunity to live in Northern New Jersey without the financial strain of excessive property taxes. Whether you’re looking for outdoor recreation, proximity to NYC, or a family-friendly neighborhood, I’m here to help you find your perfect home.
Watch: Lowest Property Taxes in Northern NJ
Want to learn more? Watch this quick video to discover what makes these 5 towns the most affordable in Northern NJ:
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