08005 Property Tax Rate

Property owners in ZIP code 08005 (Barnegat, New Jersey) pay a median of $7,397/year in property taxes on homes valued at $356,200. This translates to an effective tax rate of 2.08%, which is near the New Jersey state average of 2.04%.

The monthly property tax burden for a median-valued home in 08005 is approximately $616, which factors into escrow payments on mortgages. This ZIP code is located within Ocean County. This is $1,200 less than the New Jersey average of $8,597/year.

Compared to similar ZIP codes in New Jersey, 08005 has lower property taxes. ZIP codes with similar effective rates include 08041 (2.08%) and 07876 (2.08%).

In Barnegat, property taxes represent approximately 8.0% of the median household income of $92,548, providing context for the relative tax burden on homeowners in this area.

New Jersey has no statewide property tax cap; Ocean County assessments are locally determined and may increase annually without state-imposed limits, with reassessment at sale. The Homestead Benefit Program provides tax credits for primary residences with household income ≤$150,000 (lower income limits of ≤$75,000 for seniors and disabled owners) — file your application with the Ocean County Tax Board by June 1 each year. Register with the Ocean County Assessor within 30 days of closing to establish your principal residence status and lock in your baseline assessment.