Summit Ranks In Top 20 In NJ For Highest Property Tax Rates

Summit NJ

21 February, 2021

8:00 PM

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SUMMIT, NJ — A list of the New Jersey municipalities with the highest tax rates shows that several towns in Union County near the top, including Summit. READ MORE: Every NJ Town's Average Property Tax Bill In New 2021 List Patch put together the list of more than 500 municipalities based on data released this month from the state Department of Community Affairs. The good news is that even as the COVID crisis shut the economy down and brought a halt to revenues, property taxes rose at a much slower rate in 2020 than they did the year before. On average, the state's property taxes rose 1 percent, from $8,953 to $9,112, from 2019 to 2020. By contrast, between 2018 and 2019, the average homeowner's tax bill rose from $8,767 to $8,953, an increase of 2.12 percent. On the list of more than 500 municipalities, Summit came in at number 18. The closest Union County town behind it was Westfield at 24. Number one on the list is wealthy Tavistock, a Camden County town with three large houses in it. These were the top 20 communities in New Jersey. To see the full list, read more, or look at a separate list of who got the largest increases, click here: Every NJ Town's Average Property Tax Bill In New 2021 List Tavistock Borough, Camden $30,328Millburn Township, Essex $24,370Mountain Lakes Borough, Morris $21,625Tenafly Borough, Bergen $21,552Demarest Borough, Bergen $21,377Glen Ridge Borough, Essex $21,214Rumson Borough, Monmouth $21,153Alpine Borough, Bergen $21,042Essex Fells Borough, Essex $20,413Princeton, Mercer $20,352Montclair Township, Essex $19,963Mendham Township, Morris $19,794Mantoloking Borough, Ocean $19,304South Orange Village Township, Essex $19,147Deal Borough, Monmouth $19,117Upper Saddle River Borough, Bergen $18,886Ridgewood Village, Bergen $18,506Summit City, Union $18,314Haworth Borough, Bergen $18,270Saddle River Borough, Bergen $18,210Patch Editor Tom Davis contributed reporting to this story. Got news? Email [email protected]. Got photos? Please include express written permission from the photographer for us to use them. To be the first to get free news alerts with breaking stories in your town, or to get a free local newsletter each morning, sign up for Patch breaking news alerts or daily newsletters.