How much are property taxes in Newark, NJ?
Homeowners in Newark, NJ pay a median of $7,262 (±$242) a year in real estate taxes (2020–2024 American Community Survey, table B25103).
Homes with a mortgage pay a median of $7,418.
Homes without a mortgage pay a median of $6,920.
That is about 1.9% of the median home value of $373,700.
In Newark, the median real estate tax went from $6,190 in 2015–2019 to $7,262 in 2020–2024 (+17.3%).
Prices (CPI-U) rose 22.7% over the same years, so it rose more slowly than prices: a measurable decrease after inflation.
Figures last updated on .
- Median real estate taxes
- $7,262 (±$242)
- With a mortgage
- $7,418
- Without a mortgage
- $6,920
- Share of median value
- 1.9%
Real estate taxes in Newark against Essex County, its state and the nation
| Newark | Essex County | New Jersey | United States | |
|---|---|---|---|---|
| Median real estate taxes | $7,262 (±$242) | $10,000 or more | $9,590 (±$25) | $3,119 |
| Homes with a mortgage | $7,418 (±$299) | $10,000 or more | $9,741 (±$29) | $3,489 |
| Homes without a mortgage | $6,920 (±$344) | $10,000 or more | $9,313 (±$48) | $2,576 |
| Median home value | $373,700 (±$10,857) | $524,100 (±$11,118) | $454,400 (±$1,150) | $332,700 |
In Newark, the median real estate tax is lower than in New Jersey ($9,590).
It is higher than the national figure ($3,119).
In Essex County, Newark ranks 22 of 22 places with a published estimate, from highest to lowest median real estate taxes.
Statewide, it ranks 425 of 561.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
Taxes as a share of home value in Newark
The median tax ($7,262) is 1.9% of the median home value ($373,700).
Across New Jersey it is 2.1%.
This is a ratio of two medians, a rough effective rate: not the tax rate or mill rate the town, county or school district sets, and not any one home’s bill.
Owners report what they paid and what they think their home is worth; the assessor’s office publishes the actual rates and assessments.
How property taxes in Newark have changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Median real estate taxes | $6,190 (±$121) | $7,262 (±$242) | +17.3% | Down after inflation |
| Median home value | $245,200 (±$8,627) | $373,700 (±$10,857) | +52.4% | Up after inflation |
| Median owner cost with a mortgage | $2,158 (±$57) | $2,572 (±$79) | +19.2% | No measurable change 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 Newark
| Place | Distance | Median real estate taxes | Compared with this place |
|---|---|---|---|
| Newark | — | $7,262 (±$242) | — |
| Harrison Town | 1.7 mi | $10,000 or more | — |
| East Newark Borough | 2.0 mi | $8,470 (±$336) | Higher |
| Irvington Township | 3.1 mi | $9,259 (±$382) | Higher |
| Kearny Town | 3.2 mi | $10,000 or more | — |
| East Orange | 3.5 mi | $9,970 (±$593) | Higher |
| Hillside Township | 3.5 mi | $10,000 or more | — |
| Ampere North | 3.7 mi | $10,000 or more | — |
| Silver Lake (Essex County) | 3.9 mi | $9,558 (±$1,640) | Higher |
Nearby places with a measurably higher figure: East Newark Borough, NJ ($8,470), Irvington Township, NJ ($9,259), East Orange, NJ ($9,970).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median real estate taxes across Essex County, place by place
| Rank | Place | Median real estate taxes |
|---|---|---|
| 1 (tie) | South Orange Village | $10,000 or more |
| 1 (tie) | Verona Township | $10,000 or more |
| 1 (tie) | West Caldwell Township | $10,000 or more |
| 1 (tie) | West Orange Township | $10,000 or more |
| 20 | East Orange | $9,970 (±$593) |
| 21 | Irvington Township | $9,259 (±$382) |
| 22 | Newark | $7,262 (±$242) |
Showing 7 of 22 places in Essex 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.
What you can do on Seayora in Newark
One account for renting, owning, managing and fixing homes, with these figures beside you.
Own or manage a rental?
List it, sign the lease and collect rent online, with the figures for Newark beside you.
Create a landlord account · See what landlords get
Looking for a place to rent?
Browse homes for rent near Newark, save the ones you like and apply online.
Browse rentals · Create a renter account
Do repairs, renovations or maintenance?
Get found by owners and renters near Newark, and send estimates and invoices from your phone.
Questions about Newark
How much are property taxes in Newark?
The median real estate tax paid by homeowners in Newark, NJ is $7,262 (±$242) a year (2020–2024 American Community Survey).
What is the property tax rate in Newark?
The Census Bureau does not publish tax rates; as a rough guide, the median tax paid is 1.9% of the median home value in Newark, and the actual rate is set by the town, county and school district.
Have property taxes in Newark gone up?
In Newark, the median real estate tax went from $6,190 in 2015–2019 to $7,262 in 2020–2024 (+17.3%).
Prices (CPI-U) rose 22.7% over the same years, so it rose more slowly than prices: a measurable decrease after inflation.
Are property taxes in Newark higher than in Essex County?
In Newark, the median real estate tax is lower than in New Jersey ($9,590).
It is higher than the national figure ($3,119).
Sources
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2020–2024 ACS 5-year estimates — Newark city, Essex County, New Jersey
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Newark city, Essex County, New Jersey
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2015–2019 ACS 5-year estimates — Newark city, Essex County, New Jersey
- Median Value (B25077), 2015–2019 ACS 5-year estimates — Newark city, Essex County, New Jersey
- Median Selected Monthly Owner Costs (B25088), 2015–2019 ACS 5-year estimates — Newark city, Essex County, New Jersey
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
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 Newark city, Essex County, New Jersey (county subdivision:51000, in state:34 county:013).
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.
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 .
Related
- Housing in Newark at a glance
- Median rent in Newark
- Rent by bedrooms in Newark
- Rent burden in Newark
- Renters and owners in Newark
- Income and affordability in Newark
- Home values in Newark
- Homeowner costs in Newark
- Types of homes in Newark
- Bedrooms in Newark
- Age of homes in Newark
- Vacancy rate in Newark
- Heating fuel in Newark
- Commute and cars in Newark
- Crime reported to police in Newark
- Population growth in Newark
- How long people stay in Newark
- Crowding and facilities in Newark
- Local landlord and tenant rules in Newark
- New Jersey landlord and tenant rules
- Housing across Essex County
- New Jersey places ranked by property taxes
- Housing data for every place in New Jersey