Morris County, New Jersey

Parsippany Tr Hls, N.J. Property Tax Rate 2026

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

General tax rate
3.452

per $100 assessed

Effective tax rate
2.452

per $100 market value

Equalization ratio
71.03%

assessed ÷ market, from the two rates

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 $355,156 → about $12,260/year
  • $750,000 market value → assessed about $532,735 → about $18,390/year

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Questions about Parsippany Tr Hls taxes

What is the property tax rate in Parsippany Tr Hls, NJ?

The official 2025 general tax rate in Parsippany Tr Hls (Morris County) is 3.452 per $100 of assessed value. The effective tax rate is 2.452 per $100 of market value.

What is the effective tax rate in Parsippany Tr Hls?

Parsippany Tr Hls's effective tax rate is 2.452. 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 Parsippany Tr Hls?

Using the equalization ratio of 71.03%, a $500,000 market value is about $355,156 assessed. The approximate annual tax is $12,260, which is $500,000 times the effective rate of 2.452 per $100.

How do I appeal my Parsippany Tr Hls property assessment?

Enter your Parsippany Tr Hls 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.