Newark is New Jersey's largest city, anchored by its port, airport, and a growing downtown revitalization. Essex County's property tax rate is well above the already-high New Jersey average, a critical factor in every payment estimate here.
Recommended for incomes above $130k/yr (28% DTI rule)
Newark housing market
The 2.68% property tax rate reflects the county-level effective rate for Newark and is used to calculate your monthly tax escrow above. This rate may differ from the statewide New Jersey average — county-level data produces more accurate monthly payment estimates for Newark buyers. Many Newark properties also carry HOA fees — the area average is approximately $100/month, which is not included in the calculator above.
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