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2025 general tax rate · Monmouth County, NJ
Neptune City property tax rate
Neptune City's 2025 general tax rate is $1.767 per $100 of assessed value. A property assessed at $300,000 owes $5,301.00 for the year. That ranks 476th 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 $1.767 per $100
- 2Bill on $300,000 assessed $5,301.00
Your Neptune City tax bill
The bill before exemptions and credits. Compare every New Jersey rate.
General rate and effective rate in Neptune City
New Jersey publishes two rates for every municipality. The general tax rate, $1.767 per $100 in Neptune City, is the one applied to the assessed value on the bill: $300,000 assessed owes $5,301.00. The effective tax rate, $1.868 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 City's assessments at about 105.72% 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 City ranks 398th of 564, against 476th on the general rate, and sits $0.270 below the $2.140 median effective rate. At 105.72%, a $300,000 assessment corresponds to roughly $283,768 of market value.
Neptune City's rate in 2024 and 2025
The general tax rate fell $0.120 per $100 (6.21%) from $1.884 per $100 in 2024, and the same $300,000 assessment owes $351.00 less than at last year's rate. In 2024 Neptune City ranked 464th. The effective rate went from $1.939 to $1.868 per $100 (down 3.66%), and the implied ratio from 102.92% to 105.72%.
Tax on common assessed values in Neptune City
| Assessed value | 2025 bill | At the 2024 rate | Versus NJ median rate |
|---|---|---|---|
| $200,000 | $3,534.00 | $3,768.00 | −$2,386.00 |
| $300,000 | $5,301.00 | $5,652.00 | −$3,579.00 |
| $400,000 | $7,068.00 | $7,536.00 | −$4,772.00 |
| $500,000 | $8,835.00 | $9,420.00 | −$5,965.00 |
| $750,000 | $13,252.50 | $14,130.00 | −$8,947.50 |
Each bill is the assessed value divided by 100 and multiplied by $1.767, before exemptions, credits or special charges. These are assessed values, not sale prices: at 105.72% the $300,000 row is a property worth about $283,768. The last column is the difference from the same assessment at the $2.960 per $100 state median.
How Neptune City compares in Monmouth County and New Jersey
Among the 53 municipalities in Monmouth County, Neptune City ranks 17th highest; the county median is $1.614 per $100, so Neptune City sits $0.150 per $100 above it. The next higher rate in the county is Neptune Township at $1.770, and the next lower is Eatontown at $1.758. Statewide, 15% of municipalities have a lower general tax rate than Neptune City.
Outside Monmouth County, the closest rates are Moonachie ($1.769, Bergen), Morristown ($1.760, Morris), Warren Township ($1.752, Somerset), Piscataway Township ($1.750, Middlesex). 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 City 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 105.72% ratio implied by the state's two rates, that range runs from about 89.86% to 121.58% of market value; the Director's official average ratio for Neptune City, 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 City property tax questions
What is the property tax rate in Neptune City, NJ?
Neptune City's 2025 general tax rate is $1.767 per $100 of assessed value; its effective rate, on market value, is $1.868 per $100. Source: New Jersey Division of Taxation.
How much is the property tax on a $300,000 assessment in Neptune City?
$300,000 ÷ 100 × $1.767 = $5,301.00 a year, before exemptions and credits. At the 2024 rate the same assessment owed $5,652.00.
Is Neptune City's tax rate high for New Jersey?
It ranks 476th 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 398th.
How do I appeal a Neptune City 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.