5 Cheapest Places in New Jersey for Property Taxes

New Jersey residents know all too well that property taxes here rank among the highest in the nation.

Those dollars go toward keeping towns running, paying for municipal services, public safety, road maintenance, and most significantly, funding local school districts, which typically account for the largest share of a homeowner’s tax bill.

But while many Garden State towns carry hefty tax burdens, there are still a handful of communities where property taxes remain surprisingly low.

Here are the five towns in New Jersey with the lowest average property tax bills, thanks to nj.com.

#5 - Lower Alloways Creek

Located in Salem County, this small South Jersey community rounds out the list.

Average Property Taxes: $2,714
Average Home Value: $135,473

Even with a noticeable increase from last year, Lower Alloways Creek remains one of the more affordable towns in the state when it comes to annual tax bills.

#4 - Camden

Camden continues to post relatively low property tax averages compared to much of the state.

Average Property Taxes: $2,167
Average Home Value: $58,771

Lower average home values help keep overall tax bills down, making Camden one of the least expensive places in New Jersey for property taxes.

#3 - Woodbine

This Cape May County borough offers both small-town charm and modest tax bills.

Average Property Taxes: $2,132
Average Home Value: $124,571

Woodbine saw only a slight increase from the previous year, helping it maintain its position among the lowest-taxed towns statewide.

#2 - Teterboro

Known for its small size and unique layout, Teterboro ranks near the very top for affordability in property taxes.

Average Property Taxes: $1,985
Average Home Value: $189,129

Despite being located in Bergen County — one of the more expensive counties in New Jersey — Teterboro’s average tax bill remains under $2,000.

#1 - Walpack

Taking the top spot is Walpack in Sussex County.

Average Property Taxes: $1,143
Average Home Value: $227,892

Walpack stands out not only for having the lowest average property tax bill in New Jersey, but also for being the only town on this list to see a decrease compared to 2024.

Why Property Taxes Vary So Much

Property taxes differ widely across New Jersey because each municipality sets its own tax rate based on local budgets, school funding needs, and assessed property values.

Town size, population density, available ratables, and commercial development also play a major role in determining how much homeowners ultimately pay.

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While these five towns currently offer the lowest average tax bills in the state, buyers should always look beyond just the annual tax figure. Home values, services, school systems, and long-term trends are all important pieces of the bigger financial picture.

In a state known for high property taxes, these communities prove that there are still pockets of relative affordability, if you know where to look.