08821 Property Tax Rate

Property owners in ZIP code 08821 (Flagtown, New Jersey) pay a median of $9,375/year in property taxes on homes valued at $446,700. This translates to an effective tax rate of 2.10%, which is near the New Jersey state average of 2.04%.

The monthly property tax burden for a median-valued home in 08821 is approximately $781, which factors into escrow payments on mortgages. This ZIP code is located within Somerset County. This is $778 more than the New Jersey average of $8,597/year.

Compared to similar ZIP codes in New Jersey, 08821 has higher property taxes. ZIP codes with similar effective rates include 07663 (2.10%) and 07008 (2.10%).

In Flagtown, property taxes represent approximately 7.6% of the median household income of $122,857, providing context for the relative tax burden on homeowners in this area.

New Jersey has no statewide property tax cap; Somerset County assessments are determined locally and may increase each year without statutory limitation. The Homestead Benefit Program provides tax credits for primary residences with household income ≤$150,000 (reduced thresholds apply for seniors and disabled owners) — file with the Somerset County Tax Board by the June 1 deadline to maximize relief. Contact the Somerset County Assessor immediately upon purchase to register your home and request verification of your assessed value.