ZIP Code 08245

Avalon, NJ — income, home value, property tax, and sales tax.

Median household income
N/A
Per-capita income
N/A
Median home value
$434,600
Property tax rate
1.22%
Combined sales tax
6.63%

In ZIP code 08245, which takes in Avalon, the county-level property tax rate is 1.22%. That rate applies to whatever a home is worth, so the actual bill climbs alongside local property values rather than staying fixed. Combined with a 6.62% sales tax, everyday purchases carry their own added cost, which can squeeze a household budget already stretched by housing. How comfortably people absorb the property tax depends largely on what they earn: higher incomes make the annual bill easier to cover, while lower earnings leave less slack once the tax and sales tax are paid.