How much are property taxes in Morristown Town, NJ?

Homeowners in Morristown Town, NJ pay a median of $10,000 or more a year in real estate taxes (2020–2024 American Community Survey, table B25103).

Homes with a mortgage pay a median of $10,000 or more.

Homes without a mortgage pay a median of $9,996.

Figures last updated on .

Median real estate taxes
$10,000 or more
With a mortgage
$10,000 or more
Without a mortgage
$9,996

Real estate taxes in Morristown Town against Morris County, its state and the nation

Median real estate taxes paid a year, estimate (90% margin of error)
Morristown TownMorris CountyNew JerseyUnited States
Median real estate taxes$10,000 or more$10,000 or more$9,590 (±$25)$3,119
Homes with a mortgage$10,000 or more$10,000 or more$9,741 (±$29)$3,489
Homes without a mortgage$9,996 (±$936)$10,000 or more$9,313 (±$48)$2,576
Median home value$567,600 (±$35,322)$582,500 (±$5,640)$454,400 (±$1,150)$332,700

How property taxes in Morristown Town have changed since 2015–2019

2015–2019 and 2020–2024 American Community Survey 5-year estimates
2015–20192020–2024Amount of changeVerdict
Median home value$472,000 (±$22,895)$567,600 (±$35,322)+20.3%No measurable change after inflation
Median owner cost with a mortgage$2,786 (±$124)$2,984 (±$203)+7.1%Down after inflation

The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.

Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.

The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.

Median real estate taxes in places near Morristown Town

Nearest places with a published estimate, compared with Morristown Town
PlaceDistanceMedian real estate taxesCompared with this place
Morristown Town—$10,000 or more—
Morris Township0.9 mi$10,000 or more—
Cedar Knolls1.9 mi$8,813 (±$645)—
Morris Plains Borough2.9 mi$10,000 or more—
Hanover Township3.0 mi$8,845 (±$257)—
Whippany3.6 mi$8,795 (±$318)—
Harding Township4.0 mi$10,000 or more—
Madison Borough4.1 mi$10,000 or more—
Green Village4.4 mi$9,694 (±$3,173)—

None of the nearby places differs measurably from this one on this figure.

Distance is measured in a straight line between the Census Bureau’s internal points for each place.

Median real estate taxes across Morris County, place by place

RankPlaceMedian real estate taxes
1 (tie)Madison Borough$10,000 or more
1 (tie)Mendham Borough$10,000 or more
1 (tie)Mendham Township$10,000 or more
1 (tie)Montville Township$10,000 or more
1 (tie)Morris Plains Borough$10,000 or more
1 (tie)Morris Township$10,000 or more
1 (tie)Morristown Town$10,000 or more
1 (tie)Mount Olive Township$10,000 or more
1 (tie)Mountain Lakes Borough$10,000 or more
1 (tie)Parsippany-Troy Hills Township$10,000 or more
1 (tie)Randolph Township$10,000 or more
1 (tie)Rockaway Borough$10,000 or more
1 (tie)Rockaway Township$10,000 or more

Showing 13 of 39 places in Morris County, ranked from highest to lowest.

Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.

Margins of error are at the 90% confidence level.

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Questions about Morristown Town

How much are property taxes in Morristown Town?

The median real estate tax paid by homeowners in Morristown Town, NJ is $10,000 or more a year (2020–2024 American Community Survey).

Sources

To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) and detailed tables (acs/acs5) for Morristown town, Morris County, New Jersey (county subdivision:48300, in state:34 county:027).

Each estimate (E or PE) has a margin of error beside it (M or PM).

The 2015–2019 figures are B25103_001E, B25103_001M, B25077_001E, B25077_001M, B25088_002E, B25088_002M from the 2019 release.

The API needs a free key.

Request a Census API key.

B25103_001E, B25103_001M, B25103_002E, B25103_002M, B25103_003E, B25103_003M, DP04_0089E, DP04_0089M

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.

Figures last updated on .

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