08741 Property Tax Rate

Property owners in ZIP code 08741 (Pine Beach, New Jersey) pay a median of $7,547/year in property taxes on homes valued at $449,900. This translates to an effective tax rate of 1.68%, which is 18% below the New Jersey state average of 2.04%.

The monthly property tax burden for a median-valued home in 08741 is approximately $629, which factors into escrow payments on mortgages. This ZIP code is located within Ocean County. This is $1,050 less than the New Jersey average of $8,597/year.

Compared to similar ZIP codes in New Jersey, 08741 has lower property taxes. ZIP codes with similar effective rates include 07758 (1.68%) and 07470 (1.68%).

In Pine Beach, property taxes represent approximately 5.4% of the median household income of $140,034, 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.