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2025 general tax rate · Bergen County, NJ
Palisades Park property tax rate
Palisades Park's 2025 general tax rate is $1.463 per $100 of assessed value. A property assessed at $300,000 owes $4,389.00 for the year. That ranks 512th highest of New Jersey's 564 municipalities, among the lowest tenth, $1.500 per $100 below the $2.960 per $100 state median.
- 1General tax rate $1.463 per $100
- 2Bill on $300,000 assessed $4,389.00
Your Palisades Park tax bill
The bill before exemptions and credits. Compare every New Jersey rate.
General rate and effective rate in Palisades Park
New Jersey publishes two rates for every municipality. The general tax rate, $1.463 per $100 in Palisades Park, is the one applied to the assessed value on the bill: $300,000 assessed owes $4,389.00. The effective tax rate, $1.393 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 Palisades Park's assessments at about 95.22% of market value; the state median is 70.02%.
The effective rate is the fairer comparison between towns. On it Palisades Park ranks 503rd of 564, against 512th on the general rate, and sits $0.750 below the $2.140 median effective rate. At 95.22%, a $300,000 assessment corresponds to roughly $315,060 of market value.
Palisades Park's rate in 2024 and 2025
The general tax rate rose $0.010 per $100 (0.55%) from $1.455 per $100 in 2024, and the same $300,000 assessment owes $24.00 more than at last year's rate. In 2024 Palisades Park ranked 518th. The effective rate went from $1.395 to $1.393 per $100 (up 0.14%), and the implied ratio from 95.88% to 95.22%: market values rose faster than assessments.
Tax on common assessed values in Palisades Park
| Assessed value | 2025 bill | At the 2024 rate | Versus NJ median rate |
|---|---|---|---|
| $200,000 | $2,926.00 | $2,910.00 | −$2,994.00 |
| $300,000 | $4,389.00 | $4,365.00 | −$4,491.00 |
| $400,000 | $5,852.00 | $5,820.00 | −$5,988.00 |
| $500,000 | $7,315.00 | $7,275.00 | −$7,485.00 |
| $750,000 | $10,972.50 | $10,912.50 | −$11,227.50 |
Each bill is the assessed value divided by 100 and multiplied by $1.463, before exemptions, credits or special charges. These are assessed values, not sale prices: at 95.22% the $300,000 row is a property worth about $315,060. The last column is the difference from the same assessment at the $2.960 per $100 state median.
How Palisades Park compares in Bergen County and New Jersey
Among the 70 municipalities in Bergen County, Palisades Park ranks 65th highest; the county median is $2.360 per $100, so Palisades Park sits $0.900 per $100 below it. The next higher rate in the county is Paramus at $1.499, and the next lower is Englewood Cliffs at $1.165. Statewide, 9% of municipalities have a lower general tax rate than Palisades Park.
Outside Bergen County, the closest rates are Manchester Township ($1.455, Ocean), Tavistock ($1.454, Camden), Oceanport ($1.475, Monmouth), Wildwood Crest ($1.447, Cape May). 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 Palisades Park assessment
New Jersey appeals go to the Bergen County Board of Taxation. The petition is due April 1, or May 1 in a year when Palisades Park 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 95.22% ratio implied by the state's two rates, that range runs from about 80.94% to 109.5% of market value; the Director's official average ratio for Palisades Park, 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.
Palisades Park property tax questions
What is the property tax rate in Palisades Park, NJ?
Palisades Park's 2025 general tax rate is $1.463 per $100 of assessed value; its effective rate, on market value, is $1.393 per $100. Source: New Jersey Division of Taxation.
How much is the property tax on a $300,000 assessment in Palisades Park?
$300,000 ÷ 100 × $1.463 = $4,389.00 a year, before exemptions and credits. At the 2024 rate the same assessment owed $4,365.00.
Is Palisades Park's tax rate high for New Jersey?
It ranks 512th highest of 564, among the lowest tenth of New Jersey municipalities; the median is $2.960 per $100. On the effective rate, which allows for different assessment levels, it ranks 503rd.
How do I appeal a Palisades Park 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.