Montclair, NJ Property Tax Rates
Compare property tax rates across 2 ZIP codes in Montclair, New Jersey.
Avg Tax Rate
1.21%
Avg Annual Tax
$10,001
Avg Home Value
$840,700
ZIP Codes
2
Property Tax Overview: Montclair, NJ
Montclair has 2 ZIP codes with property tax data. The average effective tax rate across these ZIPs is 1.21%, which is 41% below the New Jersey average of 2.04%. Annual property taxes range from $10,001 (ZIP 07043) to $10,001 (ZIP 07042).
For a home at Montclair's median value of $840,700, property taxes add approximately $847/month to housing costs. Montclair home values are above the New Jersey median of $485,164, meaning the monthly tax impact is correspondingly higher.
Property tax rates within Montclair vary by 0.31 percentage points across its ZIP codes. This variation typically reflects different school district boundaries, special assessment zones, and municipal service areas within the city.
Montclair vs New Jersey Average
Effective Tax Rate
41% below state average
Annual Property Tax
Median Home Value
Frequently Asked Questions
What is the average property tax rate in Montclair, NJ?
The average effective property tax rate in Montclair, New Jersey is 1.21%, based on 2 ZIP codes.
How much is property tax in Montclair, NJ?
The average median annual property tax in Montclair is $10,001 per year, with a median home value of $840,700.
Which ZIP code in Montclair has the lowest property tax rate?
ZIP code 07043 has the lowest effective tax rate in Montclair at 1.05%, with a median annual tax of $10,001.
How many ZIP codes are in Montclair, NJ?
Montclair, New Jersey has 2 ZIP codes with property tax data available.
Which ZIP code in Montclair has the highest property tax rate?
ZIP code 07042 has the highest effective tax rate in Montclair at 1.36%, with a median annual tax of $10,001.
How do Montclair property taxes compare to the New Jersey average?
Montclair's average effective rate of 1.21% is 41% below the New Jersey state average of 2.04%.
What factors affect property tax rates between ZIP codes in Montclair?
Property tax rate differences within Montclair are typically driven by school district boundaries (which can account for 40–60% of a tax bill), special assessment zones for fire, water, or transit services, and whether a ZIP falls within city limits or an unincorporated area. Each taxing jurisdiction sets its own rate, which is why adjacent ZIP codes can have noticeably different effective rates.
Tips for Montclair Homeowners
- •Appeal your assessment: If your home is assessed higher than its market value, you can file a property tax appeal. Studies suggest 30–60% of properties are over-assessed. Most counties offer a free informal review process.
- •Check your exemptions: Homestead exemptions can reduce your taxable value and are available to primary residents in most states. Senior, veteran, and disability exemptions may also apply. Exemptions must typically be applied for — they are not automatic.
- •Know your assessment cycle: New Jersey reassesses properties periodically. After buying a home, your next tax bill may reflect a new assessment based on your purchase price. Budget accordingly, especially if you bought above prior assessed values.
- •Compare ZIP codes before buying: Even within Montclair, effective tax rates can vary significantly across ZIP codes due to different school district overlays. Use PropertyTaxByZip to compare specific ZIPs before choosing a neighborhood.
Other Cities in New Jersey
Looking for county-level property tax data? View Essex County on TaxByCounty.com
Data from U.S. Census Bureau, American Community Survey 2019-2023 5-Year Estimates (ZCTA level). ZIP Code Tabulation Areas (ZCTAs) are Census approximations of USPS ZIP codes.
Estimates are informational only and should not be used as financial or legal advice.