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This is just a guess since it would really depend on the location in Toms River and Brick but I would say around $4,000-$4,500. My mom just sold her house in Toms River for $235,000 and her property taxes were at $3,400 for a small 60x90 lot in an adult community. Unfortunately, it goes up and up each and every year.
Take the $300000 and divide by 100 then multiply that by 3.052. That was the 2006 tax rate for Toms River. Tax rate for brick was 3.398. Toms River's taxes have increased at a relatively slow pace however the town is being reassed this year. This is a link to Ocean County tax rates:
It is also my understanding that what a house is assessed at can be different than the market value...but I'll let you know in October when I get my assessment.
Take the $300000 and divide by 100 then multiply that by 3.052. That was the 2006 tax rate for Toms River. Tax rate for brick was 3.398. Toms River's taxes have increased at a relatively slow pace however the town is being reassed this year. This is a link to Ocean County tax rates:
It is also my understanding that what a house is assessed at can be different than the market value...but I'll let you know in October when I get my assessment.
That is not correct because homes have an assessed value and are not taxed on the full sales price. When a homes taxes are being determined, the tax assessor comes in and figures out the value of the assessment and then that is the part that is used for your taxes. So for example if you purchased your home for $350,000 and the tax assessor says that your assessment is $235,000, you are going to be taxed on the $235,000. Using the example used above, you would takes $235,000 and multiple by 3.052.
That's what I meant in the last line of my post..."What a house is assessed at can be different than the market value". Sorry if I wasn't clear enough!
I have never seen a house assessed less than the market value but I guess anything is possible. I wish I could have sold my house for the assessed value vs. what I sold it for (market value).
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Just a guess!
