08742 Property Tax Rate

Property owners in ZIP code 08742 (Point Pleasant Beach, New Jersey) pay a median of $7,903/year in property taxes on homes valued at $576,300. This translates to an effective tax rate of 1.37%, which is 33% below the New Jersey state average of 2.04%.

The monthly property tax burden for a median-valued home in 08742 is approximately $659, which factors into escrow payments on mortgages. This ZIP code is located within Ocean County. This is $694 less than the New Jersey average of $8,597/year.

Compared to similar ZIP codes in New Jersey, 08742 has lower property taxes. ZIP codes with similar effective rates include 08251 (1.37%) and 07974 (1.38%).

In Point Pleasant Beach, property taxes represent approximately 7.1% of the median household income of $111,983, 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.