Politics & Government
Millburn Ranks Second In State For High Property Tax Rates
There's good news and bad news for New Jersey homeowners regarding their property taxes, including in Millburn.
MILLBURN, NJ — A list of the New Jersey municipalities with the highest tax rates shows that several towns in Essex County in the top 15, including Millburn. READ MORE: Every NJ Town's Average Property Tax Bill In New 2021 List
Patch put together the list of more than 500 municipalities based on data released this month from the state Department of Community Affairs.
The good news is that even as the COVID crisis shut the economy down and brought a halt to revenues, property taxes rose at a much slower rate in 2020 than they did the year before.
Find out what's happening in Millburn-Short Hillsfor free with the latest updates from Patch.
On average, the state's property taxes rose 1 percent, from $8,953 to $9,112, from 2019 to 2020. By contrast, between 2018 and 2019, the average homeowner's tax bill rose from $8,767 to $8,953, an increase of 2.12 percent.
On the list of more than 500 municipalities, Millburn came in behind only wealthy Tavistock, a Camden County town with three large houses in it.
Find out what's happening in Millburn-Short Hillsfor free with the latest updates from Patch.
Among Essex County towns, Glen Ridge and Essex Fells also made the top 10, and Montclair came in at number 11.
These were the top 10 communities in New Jersey. To see the full list, read more, or look at a separate list of who got the largest increases, click here: Every NJ Town's Average Property Tax Bill In New 2021 List
- Tavistock Borough, Camden $30,328
- Millburn Township, Essex $24,370
- Mountain Lakes Borough, Morris $21,625
- Tenafly Borough, Bergen $21,552
- Demarest Borough, Bergen $21,377
- Glen Ridge Borough, Essex $21,214
- Rumson Borough, Monmouth $21,153
- Alpine Borough, Bergen $21,042
- Essex Fells Borough, Essex $20,413
- Princeton, Mercer $20,352
Patch Editor Tom Davis contributed reporting to this story.
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