11 New Jersey Towns See Property Tax Decline Amid Statewide Increase

Eleven towns in New Jersey logged drops in what residents paid for property taxes by more than 1% between 2024 and 2025. State data confirms this. The reductions spanned from $13 to $2,218. Most people across New Jersey weren’t so lucky — they got stuck with bigger bills.

According to NJ.com, Allenhurst topped the list. This tiny borough sits along the Jersey Shore in Monmouth County. Tax bills plummeted 10.15% there, settling at $19,640 last year. The beachfront spot ranks among the wealthiest zip codes statewide.

These reductions arrived while the typical New Jersey homeowner shelled out $10,570 in property taxes last year — a new high-water mark. Across the state, bills climbed 4.7% from the year before, per numbers the Department of Community Affairs put out.

Ten more towns watched their bills dip by less than 1%.

Shrewsbury claimed second place. Also in Monmouth County, this town witnessed a 9.21% slide — bills sank $520 to hit $5,127 on average. Alpha in Warren County grabbed third with its 4.39% cut, which knocked the average down $295 to $6,415.

The calculation hinges on each town’s typical property value, which shifts from year to year. Last year, the average home valuation statewide reached $405,153 — up 5.8% from 2024.

Average property taxes in a given town can fall for several reasons, even when not every homeowner gets a break. New construction of less expensive housing can drag the average down. Reassessments might slash values on certain existing properties. Some homes get torn down.

Fairfield in Essex County saw bills slide 4.17% to $11,045. Franklin in Warren County posted a 3.41% decline to $9,600. Far Hills in Somerset County dropped 2.93% to $15,004.

Property taxes get collected at the local level. They pay for roads, libraries, municipal government, and other infrastructure. Schools eat up the lion’s share — 52% of what the typical homeowner forks over goes to education.

West Cape May in Cape May County made the list. So did Stow Creek in Cumberland County, Harmony in Warren County, Morris Township in Morris County, and Walpack in Sussex County. Walpack recorded the tiniest decrease at $13, or 1.13%.

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