08865 Property Tax Rate

Property owners in ZIP code 08865 (Phillipsburg, New Jersey) pay a median of $6,580/year in property taxes on homes valued at $244,200. This translates to an effective tax rate of 2.69%, which is 32% above the New Jersey state average of 2.04%.

The monthly property tax burden for a median-valued home in 08865 is approximately $548, which factors into escrow payments on mortgages. This ZIP code is located within Warren County. This is $2,017 less than the New Jersey average of $8,597/year.

Compared to similar ZIP codes in New Jersey, 08865 has higher property taxes. ZIP codes with similar effective rates include 08234 (2.69%) and 08027 (2.70%).

In Phillipsburg, property taxes represent approximately 8.4% of the median household income of $78,519, providing context for the relative tax burden on homeowners in this area.

New Jersey has no statewide property tax cap; Warren County assessments are set by local government and may increase annually without state-imposed restrictions. Homeowners earning ≤$150,000 (or ≤$75,000 if senior or disabled) qualify for the Homestead Benefit Program, which provides direct tax credits — file your application with the Warren County Tax Board by June 1 each year. Contact the Warren County Assessor within 30 days of closing to file your principal residence declaration and confirm your baseline assessed value.