What Is the Property Tax Rate in Mount Holly NJ and How Much Would I Pay on a $350,000 Home?

New Jersey property taxes fund three layers of government at once: the municipality, the county, and the local school district. When you receive a property tax bill in Mount Holly, you are paying Burlington County, the Township of Mount Holly, and the Mount Holly School District all through a single annual bill. Each entity sets its own budget, and those budgets drive the combined rate you see on your statement.

The Difference Between Tax Rate and Assessment

The tax rate alone does not tell you what you owe. Your actual bill is calculated by multiplying the tax rate by your property's assessed value, which is a figure set by the township assessor and is not automatically the same as the price you paid or the current market value. In New Jersey, municipalities are required to assess properties at or near 100 percent of true market value, but assessment ratios can drift over time between reassessment cycles. Mount Holly last conducted a full reassessment in recent years, so assessed values in the township are generally close to market values right now.

How Burlington County Fits In

Burlington County is one of the larger counties in New Jersey by land area, stretching from the Delaware River to the Pine Barrens. Mount Holly serves as the Burlington County seat, which means the county courthouse, administrative offices, and several government services are located right in town along High Street and Washington Street. That central role does not directly lower or raise your tax rate, but it does mean Mount Holly has a dense mix of government, commercial, and residential properties contributing to the local tax base.

2. What Is the Property Tax Rate in Mount Holly NJ Right Now

The general tax rate in Mount Holly Township is approximately 3.348 per $100 of assessed value as of the most recently published state data. That figure comes from the New Jersey Division of Taxation, which publishes annual tax rate reports for every municipality in the state. Rates shift modestly year to year as local budgets change, so the number you see on a closing disclosure in September 2026 may differ slightly from the prior year's published rate.

You can verify the current published rate directly through the 2024 General Tax Rates by District report from the NJ Division of Taxation, which lists every township in Burlington County and across the state. Always confirm with the township tax office or your real estate attorney that you are working from the most current certified rate before closing.

The General Tax Rate Explained

New Jersey expresses its tax rate per $100 of assessed value rather than as a simple percentage. A rate of 3.348 per $100 is the same as saying 3.348 percent. So if your assessed value is $350,000, you divide by 100 to get 3,500, then multiply by 3.348 to arrive at your annual tax bill. The math is straightforward once you understand the units.

How Mount Holly Compares Within Burlington County

Burlington County contains 40 municipalities, and tax rates vary considerably across them. Some rural townships in the county carry lower rates because of larger land areas and lower service costs, while denser boroughs and townships with more intensive school and municipal budgets tend to carry higher rates. Mount Holly's rate falls in the mid-to-upper portion of the county range, which reflects its role as an urban township with a full range of municipal services, a historic downtown, and an active school district. The average residential property tax bill across New Jersey was approximately $9,800 in 2024 according to state data, which means Mount Holly sits above the statewide average, consistent with most Burlington County municipalities.

3. How Much Would I Pay on a $350,000 Home in Mount Holly

On a $350,000 home assessed at full market value, the estimated annual property tax in Mount Holly is approximately $11,718 using a rate of 3.348 percent. That works out to about $976 per month. If your lender collects taxes through an escrow account, which is standard on most conventional and FHA loans, that monthly escrow contribution will be added on top of your principal and interest payment.

The Math Behind the Estimate

• Assessed value: $350,000 (assuming assessed at 100 percent of purchase price, which is the standard in a recently reassessed municipality).
• General tax rate: Approximately 3.348 per $100 of assessed value, based on the most recently published NJ Division of Taxation data.
• Annual tax calculation: $350,000 divided by 100 equals 3,500; multiplied by 3.348 equals approximately $11,718 per year.
• Monthly escrow estimate: Approximately $976 per month added to your mortgage payment for taxes alone.
• Quarterly tax bill: New Jersey bills property taxes quarterly. Each payment would be approximately $2,930.

These are estimates based on the most recently available published rate. For a personalized figure tied to a specific property on Garden Street, Madison Avenue, or anywhere else in Mount Holly, you can look up the current assessed value and tax bill through the Burlington County tax records portal, or ask Nicholas Dougray to pull the current tax history on any property you are considering.

What Drives Your Actual Bill Up or Down

Several factors can push your actual bill higher or lower than the base estimate. If the township's assessed value for a property is lower than the sale price, your effective tax rate on the purchase price is lower. Conversely, if the township reassesses the property after your purchase and raises the assessed value toward the new market price, your bill will increase. Improvements like adding a garage, finishing a basement, or building an addition can trigger a reassessment of that portion of the property and raise the assessment.

You can explore current and historical tax trends for Mount Holly through Ownwell's Mount Holly property tax data, which aggregates Burlington County assessment data and shows how effective tax rates have moved over time. It is a useful reference point before you commit to a specific property.

4. How Assessed Value Is Determined in Mount Holly

The Mount Holly Township tax assessor sets the assessed value for every property in the township. Under New Jersey law, that value is supposed to reflect 100 percent of the property's true market value. The assessor uses recent comparable sales, property characteristics such as square footage, lot size, age, and condition, and periodic field inspections to arrive at the number.

The Township Assessment Process

Mount Holly's housing stock is a mix of colonial-era row homes near the historic downtown, mid-century ranches and capes in neighborhoods off Rancocas Road, and more recently built townhomes and single-family homes closer to Route 541. The assessor must value all of these property types using the same standard. Older properties in the downtown core, some dating to the 1700s and 1800s, can be harder to assess accurately because comparable sales are limited and renovation histories vary widely.

Assessment notices are mailed annually, typically in the spring. The notice will show the assessed value for the land and the improvements separately, along with the total. If you buy a home in Mount Holly and the assessed value on your first tax bill is significantly different from what you paid, that gap is worth examining.

What to Do If Your Assessment Seems Off

If you believe your assessed value is higher than the property's true market value, you have the right to appeal. The deadline to file a property tax appeal in New Jersey is April 1 of the tax year, or May 1 in a revaluation year. You file with the Burlington County Board of Taxation. To support your appeal, you will need evidence of market value, typically recent comparable sales in Mount Holly or the immediately surrounding area, or a licensed appraisal.

Successful appeals can meaningfully reduce your annual bill. If your assessed value is reduced by $20,000, for example, the savings at a 3.348 percent rate would be approximately $670 per year. Over five years that is more than $3,300 back in your pocket. It is worth the effort to at least review your assessment each year after you purchase.

5. Property Tax Relief Programs Available to Mount Holly Homeowners

New Jersey offers several state-level programs that can reduce the net property tax burden for qualifying homeowners. These programs do not lower the rate or the assessment, but they deliver direct credits or reimbursements that effectively reduce what you pay out of pocket. If you are buying in Mount Holly and you qualify, these programs can add up to hundreds or even thousands of dollars in annual savings.

New Jersey Homestead Benefit and ANCHOR

The ANCHOR program (Affordable New Jersey Communities for Homeowners and Renters) replaced the older Homestead Benefit and provides direct property tax relief to eligible homeowners and renters. For homeowners, the benefit amount depends on income and whether you are a senior. As of the most recent benefit cycle, homeowners with incomes up to $150,000 received $1,500, and those earning between $150,001 and $250,000 received $1,000. Benefits are paid as direct credits. You apply through the New Jersey Division of Taxation, and you must have owned and occupied the home as your primary residence on October 1 of the applicable tax year.

Senior Freeze and Veteran Deductions

The Senior Freeze program, formally called the Property Tax Reimbursement Program, reimburses eligible seniors and disabled persons for property tax increases above a base year amount. To qualify, you must be 65 or older (or receiving Social Security disability benefits), meet income limits, and have owned and lived in your New Jersey home for at least ten consecutive years. For a homeowner in Mount Holly who has been in their home for a decade or more, this program can lock in a lower effective tax burden even as rates increase.

New Jersey also provides a $250 annual property tax deduction for qualifying veterans and surviving spouses of veterans. Totally disabled veterans may qualify for a full property tax exemption on their primary residence. These deductions are applied directly to the tax bill through the township assessor's office. If you are a veteran purchasing a home in Mount Holly, bring your discharge paperwork to the assessor's office after closing to claim the deduction.

6. Budgeting for Property Taxes When Buying in Mount Holly

Understanding the property tax rate in Mount Holly NJ is only useful if you translate it into a monthly budget number before you start making offers. Most buyers focus on the purchase price and the mortgage rate, but the tax escrow can add $800 to $1,200 per month to a payment on a typical Mount Holly home, which is a significant figure. Knowing this upfront helps you set a realistic price range and avoid surprises at closing.

If you want to explore what Mount Holly's current housing inventory looks like alongside these tax figures, the article Homes for Sale in Mount Holly, NJ: What Buyers and Sellers Need to Know in 2026 covers active listings, price ranges, and what to expect from the local market right now.

Factoring Taxes Into Your Monthly Payment

• Purchase price $250,000: Estimated annual tax approximately $8,370; monthly escrow approximately $698.
• Purchase price $300,000: Estimated annual tax approximately $10,044; monthly escrow approximately $837.
• Purchase price $350,000: Estimated annual tax approximately $11,718; monthly escrow approximately $976.
• Purchase price $400,000: Estimated annual tax approximately $13,392; monthly escrow approximately $1,116.
• Purchase price $450,000: Estimated annual tax approximately $15,066; monthly escrow approximately $1,256.

All estimates above use a rate of 3.348 percent and assume assessed value equals purchase price. Your lender will use the actual tax bill from the most recent year to calculate the initial escrow amount, then adjust it annually based on what the township actually bills. Ask your lender to show you the projected escrow payment in your Loan Estimate so you are not surprised by it.

Prorations at Closing

New Jersey property taxes are paid in arrears, which means the bill covers a period that has already passed. At closing, taxes are typically prorated between buyer and seller based on the closing date. If you close in September 2026, the seller will credit you for the portion of the year they owned the home, and you take over responsibility for the remaining balance. Your closing disclosure will show this as a credit to the buyer.

New Jersey bills taxes in four quarterly installments due February 1, May 1, August 1, and November 1. There is a ten-day grace period for each payment before interest accrues. If a tax payment is due shortly after your closing date, your attorney will typically handle the proration so neither party overpays or underpays. Make sure you confirm with your real estate attorney exactly which quarter is being prorated at your closing.