Shrewsbury Boro NJ property tax rate 2025: 1.661 after reassessment
Shrewsbury Boro, Monmouth County. 1,680 parcels in the MOD-IV 2026 file. Rate shown is tax year 2025 (latest available — not yet matched to assessment year).
2026 revaluation/reassessment town — 2026 general tax rate not in our warehouse yet. Showing 2025 rate against 2026 assessments; YoY % is withheld until the matching rate posts.
Shrewsbury Boro at a glance
1,680 parcels are on the 2026 file. The 2025 general rate is 1.661, and the prior rate on file is 1.832 for 2024. A typical class 2 assessment is $1,005,975. Usable sales with a 2025 deed: 32, median $947,500. The state construction file lists 2,380 permits here. The median class 2 house was built in 1958. A property page adds that parcel’s permits, flood zone, mapped flood elevation, and high and low ground. Owner names are not shown.
How to read a Shrewsbury Boro bill
Shrewsbury Boro’s general rate of 1.661 is tax year 2025 on the 2026 assessment file. It is not a 2026 bill. The prior general rate on file is 1.832 for 2024. This municipality is on the 2026 reassessment list, so the rate move is the roll being reset. It is not, by itself, the change in the bill. School, county, and municipal shares of this rate are 58.1%, 12.6%, and 29.3%. The largest slice is schools. In Monmouth County the middle school share for rate year 2025 is 56.6% in Rumson Boro. Class 2 net assessments changed from $1,231,053,900 to $1,446,592,488, up 17.5%, on 1,438 parcels. Usable sales with a 2025 deed: median $947,500 (32 sales). The largest class share of net assessed value is Residential at 68.0%. State school aid is outside these bars.
Building permits in Shrewsbury Boro
The New Jersey construction-permit file lists 2,380 permits in Shrewsbury Boro. This file is a full record from 2021 on. Older permits are mostly missing. Work from before then can be missing here and still be at the Shrewsbury Boro construction office.
2025 general tax rate in Shrewsbury Boro: 1.661
This general rate is tax year 2025. The assessment file is 2026. It is not a 2026 bill.
In Monmouth County, the median municipality’s school share (rate year 2025) is 56.6%; this town is 58.1%. The largest slice here is schools. State school aid is not in these bars — it reduces the school levy before the rate is struck. All Monmouth towns · How NJ taxes work.
The school percent is the local property-tax levy. The district for this municipality is Shrewsbury Boro (K-8 or K-6 local), FY2027 K–12 aid $639,903. The high school district is Red Bank Regional, FY2027 K–12 aid $2,280,042. Those aid figures are not slices of these bars. Monmouth district table.
Prior year (2024) general rate: 1.832.
Tax on a $200,000 or $500,000 sale in Shrewsbury Boro
These figures use Shrewsbury Boro’s own ratio and general rate. How the same sale price is calculated for every town. This is not an appraisal and not a collector bill.
2025
A $500,000 sale at the 2025 ratio of 95.94% would be assessed at about $479,700. At the general rate of 1.661, the estimated tax is $7,968. A $200,000 sale at that same ratio and rate would be assessed at about $191,880, with an estimated tax of $3,187.
In Monmouth County for 2025, the $500,000 bill runs from $1,895 in Loch Arbour Village to $11,813 in Allentown Boro. The middle bill is $7,130 in Eatontown Boro. All Monmouth towns.
See every New Jersey town on the same $200,000 and $500,000 sale for 2025.
Recent usable sales in Shrewsbury Boro
These are the five newest usable deeds on the 2026 file for Shrewsbury Boro. A $1 deed and a non-usable SR1A sale are left out. Each parcel stores one sale, so this is not every deed recorded in town.
| Address | Deed date | Sale price | Net assessment |
|---|---|---|---|
| 1 ADAMS WAY | 9/11/2025 | $775,000 | $764,400 |
| 6 BUTTONWOOD DR. | 9/10/2025 | $1,743,000 | $1,783,500 |
| 14 GLORNEY ST. | 8/15/2025 | $465,000 | $508,700 |
| 32 SILVERBROOK RD. | 8/5/2025 | $935,000 | $930,400 |
| 211 CAMPBELL COURT | 8/4/2025 | $960,000 | $964,100 |
Owner names are not shown. The rate year and the assessment file year differ, so this table does not print an estimated tax. This is not a collector’s bill.
Highest estimated tax in Shrewsbury Boro: $50,916
Residential
The highest residential estimate in Shrewsbury Boro is $50,916 at 102 SUNNYBANK DRIVE, on a net assessment of $3,065,400 and a 2025 general rate of 1.661.
| Address | Class | Net assessment | Rate year | Estimated tax |
|---|---|---|---|---|
| 102 SUNNYBANK DRIVE | 2 — Residential (four families or less) | $3,065,400 | 2025 | $50,916 |
| 489 SYCAMORE AVE. | 2 — Residential (four families or less) | $3,050,800 | 2025 | $50,674 |
| 130 SYCAMORE AVE. | 2 — Residential (four families or less) | $2,959,000 | 2025 | $49,149 |
| 467 SYCAMORE AVE. | 2 — Residential (four families or less) | $2,954,200 | 2025 | $49,069 |
| 50 CORN LANE | 2 — Residential (four families or less) | $2,935,300 | 2025 | $48,755 |
Business
The highest business estimate in Shrewsbury Boro is $981,560 at 597A BROAD ST., on a net assessment of $59,094,500 and a 2025 general rate of 1.661.
| Address | Class | Net assessment | Rate year | Estimated tax |
|---|---|---|---|---|
| 597A BROAD ST. | 4A — Commercial | $59,094,500 | 2025 | $981,560 |
| 1026 BROAD ST | 4A — Commercial | $37,000,000 | 2025 | $614,570 |
| 515 SHREWSBURY AVE | 4A — Commercial | $28,217,000 | 2025 | $468,684 |
| 1151-1163 SHREWSBURY AVE | 4A — Commercial | $23,189,900 | 2025 | $385,184 |
| 1 OBRE PL | 4A — Commercial | $22,442,500 | 2025 | $372,770 |
Owner names are not shown. Every parcel in this town uses the same rate, so the highest tax is the highest assessment. Commercial and industrial parcels (class 4A and 4B) are the business list. Apartment buildings are class 4C and are not in that list. This is not a collector’s bill.
Ratable base in Shrewsbury Boro, typical class 2 assessment $1,005,975
Class 2 residential in the MOD-IV file: 1,438 parcels, average net assessment $1,005,975.
How assessments changed
Class 2 residential net assessments changed from $1,231,053,900 to $1,446,592,488, up 17.5%, on 1,438 parcels that have both a prior net and a 2026 net. This is the reassessment roll. It is not the change in the tax bill.
Among 32 usable recorded sales whose latest deed on this file is in 2025, the median price is $947,500. A $1 deed and a non-usable SR1A sale are left out. Each parcel stores one sale, so this is not every deed recorded that year.
Share of net assessed value by property class (MOD-IV). Not a school-quality rating.
| Class | Parcels | Net assessed | % of net |
|---|---|---|---|
| Residential 2 | 1,438 | $1,446,592,488 | 68.0% |
| Vacant land 1 | 66 | $76,723,000 | 3.6% |
| Commercial 4A | 172 | $597,662,750 | 28.1% |
| Farm (regular) 3A | 1 | $1,762,600 | 0.1% |
| Farm (qualified) 3B | 1 | $5,800 | 0.0% |
| Other / unclassified other | 2 | $4,317,611 | 0.2% |
Housing stock in Shrewsbury Boro, median year built 1958
On the 2026 file, class 2 houses in Shrewsbury Boro with a year built have a median year of 1958, about 68 years old. Of those 1,420 houses, the largest share was built 1940–1959. This is the assessor’s year built. It is not a ranking of towns.
By parcel count, Residential 85.6%, Commercial 10.2%, Vacant land 3.9%, Other / unclassified 0.1%, Farm (regular) <0.1%, Farm (qualified) <0.1%. Those percentages are a count of parcels, not a share of tax dollars. The class table uses the tax-base share.
Year built
Assessor building line
Grouped from the assessor’s building abbreviation. One-family, two-family, and condo are the codes that read clearly. Other codes stay in their own group. This is not a bedroom count, and square feet are left off because most records do not include them.