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2025 general tax rate · Monmouth County, NJ
Neptune Township property tax rate
Neptune Township's 2025 general tax rate is $1.770 per $100 of assessed value. A property assessed at $300,000 owes $5,310.00 for the year. That ranks 474th highest of New Jersey's 564 municipalities, in the lowest quarter, $1.190 per $100 below the $2.960 per $100 state median.
- 1General tax rate $1.770 per $100
- 2Bill on $300,000 assessed $5,310.00
Your Neptune Township tax bill
The bill before exemptions and credits. Compare every New Jersey rate.
General rate and effective rate in Neptune Township
New Jersey publishes two rates for every municipality. The general tax rate, $1.770 per $100 in Neptune Township, is the one applied to the assessed value on the bill: $300,000 assessed owes $5,310.00. The effective tax rate, $1.866 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 Neptune Township's assessments at about 105.42% 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 Neptune Township ranks 399th of 564, against 474th on the general rate, and sits $0.270 below the $2.140 median effective rate. At 105.42%, a $300,000 assessment corresponds to roughly $284,576 of market value.
Neptune Township's rate in 2024 and 2025
The general tax rate rose $0.090 per $100 (5.48%) from $1.678 per $100 in 2024, and the same $300,000 assessment owes $276.00 more than at last year's rate. In 2024 Neptune Township ranked 496th. The effective rate went from $1.757 to $1.866 per $100 (up 6.2%), and the implied ratio from 104.71% to 105.42%.
Tax on common assessed values in Neptune Township
| Assessed value | 2025 bill | At the 2024 rate | Versus NJ median rate |
|---|---|---|---|
| $200,000 | $3,540.00 | $3,356.00 | −$2,380.00 |
| $300,000 | $5,310.00 | $5,034.00 | −$3,570.00 |
| $400,000 | $7,080.00 | $6,712.00 | −$4,760.00 |
| $500,000 | $8,850.00 | $8,390.00 | −$5,950.00 |
| $750,000 | $13,275.00 | $12,585.00 | −$8,925.00 |
Each bill is the assessed value divided by 100 and multiplied by $1.770, before exemptions, credits or special charges. These are assessed values, not sale prices: at 105.42% the $300,000 row is a property worth about $284,576. The last column is the difference from the same assessment at the $2.960 per $100 state median.
How Neptune Township compares in Monmouth County and New Jersey
Among the 53 municipalities in Monmouth County, Neptune Township ranks 16th highest; the county median is $1.614 per $100, so Neptune Township sits $0.160 per $100 above it. The next higher rate in the county is Englishtown at $1.799, and the next lower is Neptune City at $1.767. Statewide, 15% of municipalities have a lower general tax rate than Neptune Township.
Outside Monmouth County, the closest rates are Moonachie ($1.769, Bergen), Morristown ($1.760, Morris), Margate City ($1.787, Atlantic), Warren Township ($1.752, Somerset). 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 Neptune Township 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 105.42% ratio implied by the state's two rates, that range runs from about 89.61% to 121.23% of market value; the Director's official average ratio for Neptune Township, 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.
Neptune Township property tax questions
What is the property tax rate in Neptune Township, NJ?
Neptune Township's 2025 general tax rate is $1.770 per $100 of assessed value; its effective rate, on market value, is $1.866 per $100. Source: New Jersey Division of Taxation.
How much is the property tax on a $300,000 assessment in Neptune Township?
$300,000 ÷ 100 × $1.770 = $5,310.00 a year, before exemptions and credits. At the 2024 rate the same assessment owed $5,034.00.
Is Neptune Township's tax rate high for New Jersey?
It ranks 474th 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 399th.
How do I appeal a Neptune Township 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.