Property taxes in Far Hills Boro, New Jersey
Far Hills Boro’s effective tax rate for 2025 is 1.231% of market value. On a $500,000 home that’s about $6,155 a year, lower than the typical town in Somerset County (2.030%).
Effective rate1.231%2025, applies to market value
General rate1.16Per $100 of assessed value
Rank in county#21 of 211 = highest
Rank in New Jersey#515 of 5641 = highest
Estimated yearly and monthly tax by home price
| Home price | Per year | Per month |
|---|---|---|
| $250,000 | $3,078 | $256 |
| $400,000 | $4,924 | $410 |
| $600,000 | $7,386 | $616 |
| $800,000 | $9,848 | $821 |
| $1,000,000 | $12,310 | $1,026 |
Effective vs. general tax rate
New Jersey towns set a general tax rate that applies to each home’s assessed value, which can be well below or above market value depending on when the town last reassessed. The effective rate adjusts for that, so it can be applied to a purchase price. Far Hills Boro’s general rate is 1.16 per $100 of assessed value.
Questions
What is the property tax rate in Far Hills Boro, NJ?
The 2025 effective rate is 1.231% of market value, and the general rate is 1.16 per $100 of assessed value (New Jersey Division of Taxation).
How much are property taxes on a $500,000 home in Far Hills Boro?
About $6,155 a year, or $513 a month.
Towns in Somerset County with similar rates
More nearby
Source: NJ Division of Taxation, 2025 General and Effective Tax Rates.