Property taxes
Property taxes in Millburn / Short Hills, NJ
The State's 2025 rates, worked out for a home you might buy or sell.
Quick answer: The 2025 effective property tax rate in Millburn / Short Hills is 1.571% of market value, which is about $23,600 a year on a $1,500,000 home. It ranks 5 of the 16 North Jersey towns on this site (1 is the lowest rate), where rates run from 1.475% in Summit to 3.080% in West Orange.
Estimated yearly tax by home value
| Home value | Estimated tax per year | Per month |
|---|---|---|
| $750,000 | about $11,800 | about $980 |
| $1,000,000 | about $15,700 | about $1,310 |
| $1,500,000 | about $23,600 | about $1,960 |
| $2,000,000 | about $31,400 | about $2,620 |
The two rates behind it
- General tax rate: 2.019 per $100 of assessed value (the rate the town applies to its assessments).
- Average assessment ratio: 77.8%, the State's measure of how assessed values compare with market values here.
- Effective rate: 1.571% of market value (4 of the other 15 towns on this site are lower).
Source: NJ Division of Taxation, 2025 General Tax Rates. These are estimates from public rates, not a tax bill or tax advice. A home's actual tax depends on its assessed value, and rates change each year; confirm with the municipal tax assessor.
Questions
Questions about taxes in Millburn / Short Hills
What is the property tax rate in Millburn / Short Hills, NJ?
For 2025 the State of New Jersey lists Millburn / Short Hills (Essex County) with a general tax rate of 2.019 per $100 of assessed value and an effective rate of 1.571% of market value.
How much are property taxes on a $1,500,000 home in Millburn / Short Hills?
At the 2025 effective rate of 1.571%, a home worth $1,500,000 would pay about $23,600 a year, or about $1,960 a month. Your actual bill depends on your home's assessed value.
Why might my Millburn / Short Hills tax bill differ from this estimate?
The estimate assumes the home is assessed at the town average. A home assessed above or below that average will pay more or less, and each year's rates change. Check the assessment on your tax bill or with the municipal tax assessor.
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