07865 Property Tax Rate

Property owners in ZIP code 07865 (Port Murray, New Jersey) pay a median of $9,256/year in property taxes on homes valued at $373,500. This translates to an effective tax rate of 2.48%, which is 21% above the New Jersey state average of 2.04%.

The monthly property tax burden for a median-valued home in 07865 is approximately $771, which factors into escrow payments on mortgages. This ZIP code is located within Warren County. This is $659 more than the New Jersey average of $8,597/year.

Compared to similar ZIP codes in New Jersey, 07865 has higher property taxes. ZIP codes with similar effective rates include 08104 (2.48%) and 07001 (2.47%).

In Port Murray, property taxes represent approximately 8.5% of the median household income of $108,881, providing context for the relative tax burden on homeowners in this area.

New Jersey has no statewide property tax cap; Warren County assessments are set by local government and may increase annually without state-imposed restrictions. Homeowners earning ≤$150,000 (or ≤$75,000 if senior or disabled) qualify for the Homestead Benefit Program, which provides direct tax credits — file your application with the Warren County Tax Board by June 1 each year. Contact the Warren County Assessor within 30 days of closing to file your principal residence declaration and confirm your baseline assessed value.