Property Tax in Asbury Park, New Jersey
Asbury Park is a 1.61-square-mile Monmouth County city (1.43 square miles of land, 0.18 square miles of water, an 11.18 percent water share), incorporated as a borough March 26, 1874 and reincorporated as a city February 28, 1897. This page does not state a current Asbury Park property tax rate, a current assessed value, or a current tax bill for any specific address, because no such figure was independently confirmed during this research pass, and an invented number would do a prospective buyer more harm than an honest gap does. What is confirmed, and genuinely relevant to a purchase decision here, is that New Jersey runs a real state sales tax and its own locally administered property-tax structure, entirely distinct from any no-sales-tax framing borrowed from another state, and that Asbury Park's tax base sits on top of a real, dated economic arc: a mid-20th-century decline tied to the Garden State Parkway's 1947 opening, the Monmouth Mall's 1960 arrival, and Great Adventure's 1974 opening, followed by the July 4, 1970 race riots that damaged buildings along Springwood Avenue and left many blocks undeveloped for decades, and then a documented cultural, political, and economic revival that the historical record dates to 2002 onward. Get the actual current rate, assessment details, and any special-assessment or redevelopment-area questions from the Monmouth County Board of Taxation and the Asbury Park tax assessor's office before budgeting a purchase.
New Jersey Runs a Real Tax System, Not a No-Sales-Tax Framing
Asbury Park is a New Jersey market, and New Jersey has a real, functioning state sales tax alongside its own property-tax structure, genuinely different from any no-sales-tax state framing that simply does not apply here. Property taxes in New Jersey are assessed and levied locally, under state law, by each municipality and county, and there is no single statewide rate applied uniformly to every city or borough. Asbury Park's own rate is set through its own municipal budget process combined with the Monmouth County levy and its local school district's share, and none of that carries over unchanged from a different Jersey Shore town, even one just a few miles down the coast.
This page will not state a specific current New Jersey state sales-tax percentage or a specific current Asbury Park, Monmouth County, or school-district property tax rate, because none was confirmed during this research pass. Rates and assessment practices change year to year and vary by municipality even within the same county, so a figure quoted for a neighboring Monmouth County shore city should never be assumed to apply to Asbury Park without direct verification from the city's own tax office.
A Tax Base Reshaped by a Real, Dated Revival
Asbury Park's property-tax story cannot be separated from its economic history. James A. Bradley, a New York brush manufacturer, developed the city in 1871 as a residential resort. Its mid-20th-century decline had specific, documented causes: the Garden State Parkway opened in 1947 and shifted travel patterns away from train transport, the Monmouth Mall opened in 1960, and Great Adventure theme park opened in 1974, each diverting commerce and tourism away from the city's core. Race riots on July 4, 1970 destroyed buildings along Springwood Avenue, and many blocks in that corridor remained undeveloped into the 21st century, a real and lasting effect on the local tax base rather than a footnote.
From 2002 onward, Asbury Park entered what the historical record describes as a cultural, political, and economic revival. That revival is real and dated, but no exact current (2026) redevelopment dollar figure, home-price figure, or property-tax-rate figure tied to it is confirmed here, and none is invented. A buyer weighing a purchase in or near a redevelopment corridor should ask the city assessor directly how a specific parcel's assessment reflects that multi-decade arc, since a property near a recently redeveloped block may carry a very different assessment history than one on a block untouched by the revival.
A Small, Dense City With a Shifting Population
Asbury Park covers a total of 1.61 square miles, split between 1.43 square miles of land and 0.18 square miles of water, an 11.18 percent water share, with an elevation of 16 feet in Monmouth County on the central Jersey Shore. The city's population has declined across recent censuses: 16,930 residents in the 2000 census, 16,116 in 2010, and 15,188 in 2020, with a 2023 estimate of 15,391. That 2020 population translates to a density of roughly 10,628.4 people per square mile, a genuinely dense, compact city rather than a sprawling one, which matters for how a fixed municipal budget gets spread across a relatively small land area and a population that has generally trended downward since 2000.
Alongside that population trend, the city's 2020 racial composition was 34.79 percent White, 33.31 percent Black, and 26.86 percent Hispanic or Latino, a demographic mix that has shifted meaningfully as the city's post-2002 revival has drawn new residents and investment into a place that also carries the specific West Side history described below. None of this population or demographic data translates directly into a tax-rate figure this page can responsibly quote, but it is real context for understanding how the tax base is distributed across the city's four square miles of dense, mixed-vintage housing stock.
A Comeback Story, Not a Continuously Successful Resort
Part of what makes Asbury Park's carrying-cost picture different from other Jersey Shore markets is that its identity rests on a genuine comeback arc rather than an unbroken run as a successful resort town. The Paramount Theatre and Convention Hall complex, built in the 1920s and designed by Beaux Arts architect Warren Whitney, still anchors the boardwalk, with Convention Hall seating 3,600 and the Paramount Theater seating 1,600. Palace Amusements, home of the famous Tillie mural, closed in 1988 and was demolished in 2004, a physical marker of the years between decline and revival. Hurricane Sandy in 2012 caused only minimal boardwalk damage here, a genuinely different storm story than several other Shore towns, and the boardwalk reopened successfully for summer 2013 with both Governor Chris Christie and President Barack Obama participating in reopening ceremonies.
The city's music history, including The Stone Pony's founding in 1974 and Bruce Springsteen's 1973 debut album Greetings from Asbury Park, N.J., along with the West Side's historic Black music venues where Count Basie, Duke Ellington, Billie Holiday, and Tina Turner performed, and where Fats Waller wrote Honeysuckle Rose in 1928, sits alongside decades-long LGBTQ+ community history, with gay bars operating since the 1950s and Jersey Pride, established 1972, now drawing over 20,000 attendees annually. That layered identity has helped drive renewed interest and investment since 2002, but it does not substitute for a confirmed current tax figure, and this page will not present illustrative ranges as if they were verified numbers.
What to Verify Before Budgeting a Purchase
What is confirmed here: Asbury Park is a 1.61-square-mile Monmouth County city (1.43 square miles land, 0.18 square miles water, 11.18 percent water) incorporated as a borough in 1874 and reincorporated as a city in 1897; its population moved from 16,930 in 2000 to 16,116 in 2010 to 15,188 in 2020, with a 2023 estimate of 15,391, and its 2020 racial composition was 34.79 percent White, 33.31 percent Black, and 26.86 percent Hispanic or Latino; the city's economy declined through the mid-20th century for documented reasons including the 1947 Garden State Parkway, the 1960 Monmouth Mall, and the 1974 Great Adventure park, was further affected by the July 4, 1970 race riots along Springwood Avenue, and has undergone a documented cultural, political, and economic revival dated from 2002 onward; and New Jersey itself runs a real state sales tax and its own locally administered property-tax system, not a no-sales-tax framing borrowed from elsewhere.
What this page will not do is invent a current Asbury Park property tax rate, current assessed value, current tax bill, or current New Jersey sales-tax percentage, because none was independently confirmed during this research pass. Get the actual current numbers directly from the Monmouth County Board of Taxation, the Asbury Park tax assessor's office, and a local real estate agent or accountant familiar with this city, including how any specific parcel's assessment reflects the post-2002 revival, before making an offer. Nothing on this page is legal, tax, or financial advice.
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Get a Free Agent Referral →Independent research. No ads. No sponsored listings. Data drawn from research on Asbury Park, New Jersey, a 1.61-square-mile Monmouth County city (1.43 square miles land, 0.18 square miles water, 11.18 percent water, elevation 16 feet), developed in 1871 by James A. Bradley, incorporated as a borough March 26, 1874 and reincorporated as a city February 28, 1897; population 16,930 in the 2000 census, 16,116 in 2010, 15,188 in 2020 (density approximately 10,628.4 per square mile), with a 2023 estimate of 15,391; 2020 racial composition 34.79 percent White, 33.31 percent Black, 26.86 percent Hispanic or Latino. Economic decline through the mid-20th century tied to the Garden State Parkway opening in 1947, the Monmouth Mall opening in 1960, and Great Adventure opening in 1974; race riots on July 4, 1970 damaged buildings along Springwood Avenue, with many blocks remaining undeveloped for decades; a cultural, political, and economic revival is documented from 2002 onward, with no exact current redevelopment dollar figure confirmed or invented. Hurricane Sandy in 2012 caused minimal boardwalk damage, with the boardwalk reopening for summer 2013. No confirmed current Asbury Park or Monmouth County property tax rate, current assessed-value figure, current tax bill, or current New Jersey state sales-tax rate was independently confirmed this research pass, and none is invented here; New Jersey's property-tax and sales-tax structure is treated as genuinely different from a no-sales-tax state rather than assumed to carry over. Confirm current numbers directly with the Monmouth County Board of Taxation, the Asbury Park tax assessor's office, and a licensed real estate agent or accountant before making any purchase decision. Nothing on this page is legal, tax, or financial advice.