07024 Property Tax Rate

Property owners in ZIP code 07024 (Fort Lee, New Jersey) pay a median of $8,899/year in property taxes on homes valued at $422,200. This translates to an effective tax rate of 2.11%, which is 3% above the New Jersey state average of 2.04%.

The monthly property tax burden for a median-valued home in 07024 is approximately $742, which factors into escrow payments on mortgages. This ZIP code is located within Bergen County. This is $302 more than the New Jersey average of $8,597/year.

Compared to similar ZIP codes in New Jersey, 07024 has higher property taxes. ZIP codes with similar effective rates include 07008 (2.10%) and 07067 (2.11%).

In Fort Lee, property taxes represent approximately 8.4% of the median household income of $105,594, providing context for the relative tax burden on homeowners in this area.

New Jersey has no statewide property tax cap; Bergen County assessments are set locally and may increase annually without limit upon sale. The Homestead Benefit Program provides property tax relief for eligible homeowners earning ≤$150,000 (or ≤$75,000 if senior or disabled) — apply through the Bergen County Tax Board before the June 1 deadline. Contact the Bergen County Assessor's office immediately after purchase to confirm your assessment and eligibility for relief programs.