08753 Property Tax Rate

Property owners in ZIP code 08753 (Toms River, New Jersey) pay a median of $6,413/year in property taxes on homes valued at $377,200. This translates to an effective tax rate of 1.70%, which is 17% below the New Jersey state average of 2.04%.

The monthly property tax burden for a median-valued home in 08753 is approximately $534, which factors into escrow payments on mortgages. This ZIP code is located within Ocean County. This is $2,184 less than the New Jersey average of $8,597/year.

Compared to similar ZIP codes in New Jersey, 08753 has higher property taxes. ZIP codes with similar effective rates include 07647 (1.70%) and 07457 (1.70%).

In Toms River, property taxes represent approximately 6.3% of the median household income of $101,648, 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.