County property tax calculator
Property Tax Calculator for Passaic County
Passaic County carries one of the heaviest property tax loads in the country. At 2.276%, the effective rate runs well above the 1.07% US average — a gap that shows up every month in escrow. On the county's median home value of $439,400, the annual tax bill comes to $10,001, or roughly $833 per month paid through the mortgage servicer. Buyers relocating from lower-tax states often notice the difference in their first escrow analysis. Local services funded by property tax — schools, roads, emergency response — tend to reflect the higher rate, but so does the buyer's monthly carrying cost. Anyone considering a purchase here should factor the tax load into affordability math before the offer. Passaic County's median home value of $439,400 falls roughly in line with the New Jersey state median. This is a balanced market — neither stretched at the top nor unusually affordable at the bottom. Buyers see a mix of entry-level homes, mid-range move-up inventory, and occasional higher-end listings. Financing flexibility is broad: conventional, FHA, VA, and USDA programs all apply depending on the buyer's profile and the property's location. For budgeting, the county-level median gives a reasonable anchor, though actual pricing varies block by block. Long-term ownership here typically follows the broader regional market rather than running far ahead or behind it.
Property Tax Details
National average is 1.07%
Used to project future tax burden
Annual Property Tax
$0
Insights
Property Tax Landscape in Passaic County
Passaic County taxes property at 2.276%, moderately above New Jersey's average of 2.11%. On a median home, the difference adds roughly $729 per year compared with the state figure. For buyers weighing this county against neighbors, the extra tax load is real but not extreme — typically offset by local amenities, school quality, or access to employment. Escrow at this level adjusts annually with assessed value. Buyers should model the county rate in their monthly budget rather than relying on state averages, since even within New Jersey, rates vary widely by jurisdiction. Within New Jersey, Passaic County ranks as the 10th highest of 21 counties by effective property tax rate.
Passaic County's median home value of $439,400 falls roughly in line with the New Jersey state median. This is a balanced market — neither stretched at the top nor unusually affordable at the bottom. Buyers see a mix of entry-level homes, mid-range move-up inventory, and occasional higher-end listings. Financing flexibility is broad: conventional, FHA, VA, and USDA programs all apply depending on the buyer's profile and the property's location. For budgeting, the county-level median gives a reasonable anchor, though actual pricing varies block by block. Long-term ownership here typically follows the broader regional market rather than running far ahead or behind it. Median household income in Passaic County runs below the New Jersey state average at $87,137. Buyers here often rely on FHA, USDA, or state down-payment assistance programs to make the numbers work. The price-to-income ratio of 5.0x is workable but requires planning. Households at the median can typically qualify for conventional or FHA financing at current rates. Median gross rent runs $1,553 per month, giving renters a baseline to compare against ownership costs in the same market.
Property Tax Scenarios — Passaic County
These scenarios cover a range of purchase prices that reflect the county's balanced housing mix. Whether buying near the median or stretching toward the upper end, the tax component follows the same effective rate. Use the table below to compare annual and monthly impact across realistic price points.
| Home Value | Annual Tax | Monthly Escrow | 10-Year Total |
|---|---|---|---|
| $220,000 | $5,007 | $417 | $50,072 |
| $330,000 | $7,511 | $626 | $75,108 |
| $440,000 | $10,014 | $835 | $100,144 |
| $660,000 | $15,022 | $1,252 | $150,216 |
| $880,000 | $20,029 | $1,669 | $200,288 |
Frequently asked questions
The questions below cover the most common concerns for buyers entering a high-property-tax jurisdiction. Each answer is grounded in Passaic County's own rate, median home value, and Census-reported income figures.
What is the property tax rate in Passaic County?
Passaic County has an effective property tax rate of 2.276%, one of the highest in the country (national average: 1.07%). On a median home of $439,400, that's about $10,001 per year, or $833 monthly through escrow.
How much are property taxes on a home in Passaic County?
At the county median of $439,400, annual property taxes run roughly $10,001, collected through mortgage escrow at about $833 per month.
How does Passaic County compare to New Jersey?
Passaic County's 2.276% rate is moderately above New Jersey's statewide average of 2.11%. The difference equals about $729 per year on a median home.
What is the median income in Passaic County?
Median household income in Passaic County is $87,137 (Census ACS 2023). Median gross rent runs $1,553 per month.
Are property taxes deductible in Passaic County?
Yes, property taxes are deductible on federal returns when you itemize, subject to the SALT cap ($10,000 for most filers). Passaic County homeowners paying $10,001 annually may benefit if their combined state and local tax burden exceeds the standard deduction.
How are property taxes calculated in Passaic County?
The county assessor multiplies your home's assessed value by the local tax rate. On a $439,400 home at the county's effective rate of 2.276%, the annual bill is approximately $10,001.
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Disclaimer: This calculator and the content on this page are for educational purposes only. They do not constitute financial, legal, or tax advice. Rates, loan limits, and eligibility criteria vary by lender, location, and borrower profile. Always consult a licensed financial professional before making borrowing decisions. CalcPier is independent and not affiliated with any lender listed on this page.
