How much are property taxes in Parsippany, NJ?
Homeowners in Parsippany, 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 $10,000 or more.
Figures last updated on .
- Median real estate taxes
- $10,000 or more
- With a mortgage
- $10,000 or more
- Without a mortgage
- $10,000 or more
Real estate taxes in Parsippany against Morris County, its state and the nation
| Parsippany | Morris County | New Jersey | United 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 | $10,000 or more | $10,000 or more | $9,313 (±$48) | $2,576 |
| Median home value | $555,400 (±$20,373) | $582,500 (±$5,640) | $454,400 (±$1,150) | $332,700 |
Median real estate taxes in places near Parsippany
| Place | Distance | Median real estate taxes | Compared with this place |
|---|---|---|---|
| Parsippany | — | $10,000 or more | — |
| Troy Hills | 1.2 mi | $10,000 or more | — |
| Lake Hiawatha | 2.0 mi | $7,883 (±$630) | — |
| Rainbow Lakes | 2.3 mi | $9,309 (±$634) | — |
| Mountain Lakes Borough | 2.4 mi | $10,000 or more | — |
| Boonton Town | 2.8 mi | $10,000 or more | — |
| Whippany | 2.8 mi | $8,795 (±$318) | — |
| Hanover Township | 3.2 mi | $8,845 (±$257) | — |
| Mount Tabor | 3.3 mi | $8,832 (±$1,112) | — |
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
| Rank | Place | Median real estate taxes |
|---|---|---|
| 1 (tie) | Budd Lake | $10,000 or more |
| 1 (tie) | Flanders | $10,000 or more |
| 1 (tie) | Gillette | $10,000 or more |
| 1 (tie) | Ledgewood | $10,000 or more |
| 1 (tie) | Millington | $10,000 or more |
| 1 (tie) | Oak Ridge | $10,000 or more |
| 1 (tie) | Parsippany | $10,000 or more |
| 1 (tie) | Pine Brook | $10,000 or more |
| 1 (tie) | Stirling | $10,000 or more |
| 1 (tie) | Succasunna | $10,000 or more |
| 1 (tie) | Towaco | $10,000 or more |
| 1 (tie) | Troy Hills | $10,000 or more |
| 1 (tie) | White Meadow Lake | $10,000 or more |
Showing 13 of 27 places in Morris County, ranked from highest to lowest.
Parsippany is a census-designated place: an unincorporated community the Census Bureau draws for statistics, with no municipal government of its own.
It lies inside Parsippany-Troy Hills Township, whose figures include it.
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 Parsippany
How much are property taxes in Parsippany?
The median real estate tax paid by homeowners in Parsippany, NJ is $10,000 or more a year (2020–2024 American Community Survey).
Sources
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2020–2024 ACS 5-year estimates — Parsippany CDP, New Jersey
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Parsippany CDP, New Jersey
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2015–2019 ACS 5-year estimates — Parsippany CDP, New Jersey
- Median Value (B25077), 2015–2019 ACS 5-year estimates — Parsippany CDP, New Jersey
- Median Selected Monthly Owner Costs (B25088), 2015–2019 ACS 5-year estimates — Parsippany CDP, 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 Parsippany CDP, New Jersey (place:56430, in state:34).
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 .
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