New Jersey's property taxes are among the highest in the nation, with the average bill exceeding $10,000. However, 31 towns reported average property tax bills under $5,000 in 2024, with two towns, Walpack and Teterboro, having the lowest at $1,156 and $1,936, respectively. Most towns with lower taxes are in the southern part of the state, while Walpack and Teterboro are unique due to their small populations and specific land use.
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