Property Taxes Went Up For Moorestown Homeowners: What's Behind The Cost?

MOORESTOWN, NJ — The average Moorestown homeowner's property tax bill increased 2.4 percent over the prior year, totaling a $308 tax hike, according to the latest state data.

The New Jersey Department of Community Affairs recently released 2025 tax tables that break down property taxes for every city and town in the state. Figures from past years are also available.

In 2025, the average Moorestown homeowner paid $13,076 in property taxes on a home valued at $464,875. That's an increase from last year's average of $12,768 in property taxes for local homeowners.

Despite the tax hike, Moorestown fell below the average property tax increase in New Jersey (up $475, rising 4.7 percent) and the 2025 national inflation rate of 2.7 percent.

The average New Jersey homeowner paid $10,570 in property taxes last year. Read more: NJ Property Taxes Rose Again: See How Much You’re Paying

Property taxes in New Jersey are mainly made up of three parts: school, municipal and county. Here's how that played out for Moorestown taxpayers in 2025, according to state data:

• County share: 17.4 percent
• School share: 66.5 percent
• Municipal share: 16.1 percent

Here's how much property taxes changed for each entity from 2024-25:

Total

• rates: 2.76 percent in 2024, 2.81 percent in 2025
• average annual payment in Moorestown: $12,768 in 2024, $13,076 in 2025
• increase: $308

County

• rates: 0.46 percent in 2024, 0.49 percent in 2025
• average annual payment in Moorestown: $2,146 in 2024, $2,275 in 2025
• increase: $129

Schools

• rates: 1.85 percent in 2024, 1.87 percent in 2025
• average annual payment in Moorestown: $8,572 in 2024, $8,696 in 2025
• increase: $124

Municipal (Township)

• rates: 0.44 percent in 2024, 0.45 percent in 2025
• average annual payment in Moorestown: $2,049 in 2024, $2,104 in 2025
• increase: $55

A high tax rate isn't necessarily a bad thing, depending on the quality of services provided with that money, according to some experts.

"If you are comparing two cities and deciding which to live in, you might use property taxes as a factor," says an article in The Currency. "However, in addition to comparing the property tax rates, it’s also worth comparing the quality of the services the local government provides. There could be reasons why property taxes are higher in one area than in another."

But the rising cost of living had made it difficult for more residents to pay their bills. Property-tax delinquency in the United States ticked up to 5.1 percent last year — up from 4.5 percent in 2024 and an all-time low of 4.3 percent in 2019, according to research from Cotality.

Property taxes have risen by 27 percent during that six-year period.

"Many homebuyers assume that securing a mortgage means locking in stable monthly payments for the long term," Molly Boesel, senior principal economist at Cotality, said in a news release. "However, rising home values often lead to higher property taxes, and over the past six years, this has become a reality for many homeowners."

The state does offer several property tax relief programs, including ANCHOR, Stay NJ, and the Senior Freeze. In 2025, more than $4 billion was provided in direct property tax relief by the state.

While 2024 relief for those eligible for the Stay NJ program began being sent out this week, residents are now able to file the PAS-1 for 2025, a combined application for the three aforementioned programs.

Learn More - Major NJ Property Tax Relief Available Now: How To Get Your Cut

Gov. Mikie Sherrill has endorsed these programs in the past, but it’ll be made clearer how much spending she intends to put into them when her first state budget proposal is made next month.

With reporting from Jack Slocum/Patch staff