08735 Property Tax Rate

Property owners in ZIP code 08735 (Lavallette, New Jersey) pay a median of $9,251/year in property taxes on homes valued at $865,200. This translates to an effective tax rate of 1.07%, which is 48% below the New Jersey state average of 2.04%.

The monthly property tax burden for a median-valued home in 08735 is approximately $771, which factors into escrow payments on mortgages. This ZIP code is located within Ocean County. This is $654 more than the New Jersey average of $8,597/year.

Compared to similar ZIP codes in New Jersey, 08735 has lower property taxes. ZIP codes with similar effective rates include 07041 (1.07%) and 08248 (1.07%).

In Lavallette, property taxes represent approximately 10.8% of the median household income of $85,265, 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.