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2025 general tax rate · Monmouth County, NJ
Matawan property tax rate
Matawan's 2025 general tax rate is $2.087 per $100 of assessed value. A property assessed at $300,000 owes $6,261.00 for the year. That ranks 426th highest of New Jersey's 564 municipalities, in the lowest quarter, $0.870 per $100 below the $2.960 per $100 state median.
- 1General tax rate $2.087 per $100
- 2Bill on $300,000 assessed $6,261.00
Your Matawan tax bill
The bill before exemptions and credits. Compare every New Jersey rate.
General rate and effective rate in Matawan
New Jersey publishes two rates for every municipality. The general tax rate, $2.087 per $100 in Matawan, is the one applied to the assessed value on the bill: $300,000 assessed owes $6,261.00. The effective tax rate, $2.263 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 Matawan's assessments at about 108.43% 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 Matawan ranks 225th of 564, against 426th on the general rate, and sits $0.120 above the $2.140 median effective rate. At 108.43%, a $300,000 assessment corresponds to roughly $276,676 of market value.
Matawan's rate in 2024 and 2025
The general tax rate fell $0.100 per $100 (4.4%) from $2.183 per $100 in 2024, and the same $300,000 assessment owes $288.00 less than at last year's rate. In 2024 Matawan ranked 415th. The effective rate went from $2.389 to $2.263 per $100 (down 5.27%), and the implied ratio from 109.44% to 108.43%: market values rose faster than assessments.
Tax on common assessed values in Matawan
| Assessed value | 2025 bill | At the 2024 rate | Versus NJ median rate |
|---|---|---|---|
| $200,000 | $4,174.00 | $4,366.00 | −$1,746.00 |
| $300,000 | $6,261.00 | $6,549.00 | −$2,619.00 |
| $400,000 | $8,348.00 | $8,732.00 | −$3,492.00 |
| $500,000 | $10,435.00 | $10,915.00 | −$4,365.00 |
| $750,000 | $15,652.50 | $16,372.50 | −$6,547.50 |
Each bill is the assessed value divided by 100 and multiplied by $2.087, before exemptions, credits or special charges. These are assessed values, not sale prices: at 108.43% the $300,000 row is a property worth about $276,676. The last column is the difference from the same assessment at the $2.960 per $100 state median.
How Matawan compares in Monmouth County and New Jersey
Among the 53 municipalities in Monmouth County, Matawan ranks 8th highest; the county median is $1.614 per $100, so Matawan sits $0.470 per $100 above it. The next higher rate in the county is Millstone Township at $2.116, and the next lower is Freehold Borough at $2.005. Statewide, 24% of municipalities have a lower general tax rate than Matawan.
Outside Monmouth County, the closest rates are Middle Township ($2.082, Cape May), Fairfield Township (Essex County) ($2.081, Essex), Rocky Hill ($2.081, Somerset), Mountainside ($2.100, Union). 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 Matawan assessment
New Jersey appeals go to the Monmouth County Board of Taxation. Monmouth County is one of the three counties on the alternative calendar, so the petition deadline is January 15 (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 108.43% ratio implied by the state's two rates, that range runs from about 92.17% to 124.69% of market value; the Director's official average ratio for Matawan, 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.
Matawan property tax questions
What is the property tax rate in Matawan, NJ?
Matawan's 2025 general tax rate is $2.087 per $100 of assessed value; its effective rate, on market value, is $2.263 per $100. Source: New Jersey Division of Taxation.
How much is the property tax on a $300,000 assessment in Matawan?
$300,000 ÷ 100 × $2.087 = $6,261.00 a year, before exemptions and credits. At the 2024 rate the same assessment owed $6,549.00.
Is Matawan's tax rate high for New Jersey?
It ranks 426th 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 225th.
How do I appeal a Matawan property assessment?
Petition to the County Board of Taxation: by January 15 (Monmouth County uses the January 15 calendar) (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.