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2025 general tax rate · Union County, NJ
Elizabeth property tax rate
Elizabeth's 2025 general tax rate is $2.017 per $100 of assessed value. A property assessed at $300,000 owes $6,051.00 for the year. That ranks 443rd highest of New Jersey's 564 municipalities, in the lowest quarter, $0.940 per $100 below the $2.960 per $100 state median.
- 1General tax rate $2.017 per $100
- 2Bill on $300,000 assessed $6,051.00
Your Elizabeth tax bill
The bill before exemptions and credits. Compare every New Jersey rate.
General rate and effective rate in Elizabeth
New Jersey publishes two rates for every municipality. The general tax rate, $2.017 per $100 in Elizabeth, is the one applied to the assessed value on the bill: $300,000 assessed owes $6,051.00. The effective tax rate, $2.113 per $100, is "the general property tax adjusted by the municipality's equalization ratio", the rate on market value. Dividing one by the other puts Elizabeth's assessments at about 104.76% of market value, above market value on average; the state median is 70.02%.
The effective rate is the fairer comparison between towns. On it Elizabeth ranks 293rd of 564, against 443rd on the general rate, and sits $0.030 below the $2.140 median effective rate. At 104.76%, a $300,000 assessment corresponds to roughly $286,369 of market value.
Elizabeth's rate in 2024 and 2025
The general tax rate rose $0.090 per $100 (4.83%) from $1.924 per $100 in 2024, and the same $300,000 assessment owes $279.00 more than at last year's rate. In 2024 Elizabeth ranked 456th. The effective rate went from $2.072 to $2.113 per $100 (up 1.98%), and the implied ratio from 107.69% to 104.76%: market values rose faster than assessments.
Tax on common assessed values in Elizabeth
| Assessed value | 2025 bill | At the 2024 rate | Versus NJ median rate |
|---|---|---|---|
| $200,000 | $4,034.00 | $3,848.00 | −$1,886.00 |
| $300,000 | $6,051.00 | $5,772.00 | −$2,829.00 |
| $400,000 | $8,068.00 | $7,696.00 | −$3,772.00 |
| $500,000 | $10,085.00 | $9,620.00 | −$4,715.00 |
| $750,000 | $15,127.50 | $14,430.00 | −$7,072.50 |
Each bill is the assessed value divided by 100 and multiplied by $2.017, before exemptions, credits or special charges. These are assessed values, not sale prices: at 104.76% the $300,000 row is a property worth about $286,369. The last column is the difference from the same assessment at the $2.960 per $100 state median.
How Elizabeth compares in Union County and New Jersey
Among the 21 municipalities in Union County, Elizabeth ranks 21st highest; the county median is $5.242 per $100, so Elizabeth sits $3.220 per $100 below it. The next higher rate in the county is Mountainside at $2.100, and none has a lower one. Statewide, 21% of municipalities have a lower general tax rate than Elizabeth.
Outside Union County, the closest rates are Lower Township ($2.018, Cape May), Millburn Township ($2.019, Essex), Bethlehem Township ($2.021, Hunterdon), Wyckoff Township ($2.026, Bergen). Because towns assess at different shares of market value, the effective rate is the better guide to what a house of a given price pays.
Appealing a Elizabeth assessment
New Jersey appeals go to the Union County Board of Taxation. The petition is due April 1, or May 1 in a year when Elizabeth implemented a municipal-wide revaluation or reassessment (NJ Division of Taxation). Property assessed above $1,000,000 may go directly to the Tax Court, and a County Board judgment can be appealed to the Tax Court within 45 days. The Board tests the assessment against the common level range: the average ratio plus or minus 15%. Using the 104.76% ratio implied by the state's two rates, that range runs from about 89.05% to 120.47% of market value; the Director's official average ratio for Elizabeth, which the County Board applies, can differ slightly.
The New Jersey appeal page sets out each step with its source and the ratio arithmetic. This is a summary of the published procedure, not legal advice.
Elizabeth property tax questions
What is the property tax rate in Elizabeth, NJ?
Elizabeth's 2025 general tax rate is $2.017 per $100 of assessed value; its effective rate, on market value, is $2.113 per $100. Source: New Jersey Division of Taxation.
How much is the property tax on a $300,000 assessment in Elizabeth?
$300,000 ÷ 100 × $2.017 = $6,051.00 a year, before exemptions and credits. At the 2024 rate the same assessment owed $5,772.00.
Is Elizabeth's tax rate high for New Jersey?
It ranks 443rd highest of 564, in the lowest quarter of New Jersey municipalities; the median is $2.960 per $100. On the effective rate, which allows for different assessment levels, it ranks 293rd.
How do I appeal a Elizabeth property assessment?
Petition to the County Board of Taxation: by April 1 (May 1 after a municipal-wide revaluation) (NJ Division of Taxation; Guide to Tax Appeal Hearings). Then: county board hearing and judgment (Set by the County Board); appeal to the tax court (Within 45 days of the County Board's judgment).
Source: New Jersey Division of Taxation, 2025 General Tax Rates (general and effective tax rates by county and municipality); prior year from the 2024 General Tax Rates. Appeal steps: NJ Division of Taxation, Assessment and Appeals (updated August 15, 2025); NJ Division of Taxation, A Guide to Tax Appeal Hearings (revised 2022). Last checked October 21, 2026. This page explains published figures; it is not tax or legal advice.