Bergen County, New Jersey

New Milford, N.J. Property Tax Rate 2026

Official 2025 Division of Taxation rates for New Milford. The general rate is per $100 of assessed value. A sale price is not an assessed value.

General tax rate: 2.178
Effective tax rate: 2.261
Equalization ratio: 103.81%

Example tax bills

Approximation using the effective rate. The general rate is applied to the equalized assessment, not the sticker price.

$500,000 market value → assessed about $519,054 → about $11,305/year
$750,000 market value → assessed about $778,581 → about $16,958/year

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Questions about New Milford taxes

What is the property tax rate in New Milford, NJ?

The official 2025 general tax rate in New Milford (Bergen County) is 2.178 per $100 of assessed value. The effective tax rate is 2.261 per $100 of market value.

What is the effective tax rate in New Milford?

New Milford's effective tax rate is 2.261. That rate already converts market value into an approximate tax bill. The general rate applies only to assessed value.

How much is property tax on a $500,000 home in New Milford?

Using the equalization ratio of 103.81%, a $500,000 market value is about $519,054 assessed. The approximate annual tax is $11,305, which is $500,000 times the effective rate of 2.261 per $100.

How do I appeal my New Milford property assessment?

Enter your New Milford address on this page. Garden State AI compares the assessment with recent sales under NJ Chapter 123 and, when the numbers support it, prepares the appeal packet.

Source: 2025 General Tax Rates, NJ Division of Taxation. Rates are not a legal opinion and do not include exemptions.