Shrewsbury Twp NJ property tax rate 2025: 1.542 after reassessment
Shrewsbury Twp, Monmouth County. 400 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 Twp at a glance
400 parcels are on the 2026 file. The 2025 general rate is 1.542, and the prior rate on file is 1.889 for 2024. A typical class 2 assessment is $348,217. Usable sales with a 2025 deed: 1, median $297,500. The state construction file lists 581 permits here. The median class 2 house was built in 1985. 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 Twp bill
Shrewsbury Twp’s general rate of 1.542 is tax year 2025 on the 2026 assessment file. It is not a 2026 bill. The prior general rate on file is 1.889 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 43.4%, 11.8%, and 44.8%. The largest slice is municipal. In Monmouth County the middle school share for rate year 2025 is 56.6% in Rumson Boro. Class 2 net assessments changed from $40,214,400 to $42,134,300, up 4.8%, on 121 parcels. Usable sales with a 2025 deed: median $297,500 (1 sales). The largest class share of net assessed value is Apartment at 68.6%. State school aid is outside these bars.
Building permits in Shrewsbury Twp
The New Jersey construction-permit file lists 581 permits in Shrewsbury Twp. 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 Twp construction office.
2025 general tax rate in Shrewsbury Twp: 1.542
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 43.4%. The largest slice here is municipal. 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 Tinton Falls (K-8 or K-6 local), FY2027 K–12 aid $3,092,037. The high school district is Monmouth Regional, FY2027 K–12 aid $2,106,467. Those aid figures are not slices of these bars. Monmouth district table.
Prior year (2024) general rate: 1.889.
Tax on a $200,000 or $500,000 sale in Shrewsbury Twp
These figures use Shrewsbury Twp’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 98.40% would be assessed at about $492,000. At the general rate of 1.542, the estimated tax is $7,587. A $200,000 sale at that same ratio and rate would be assessed at about $196,800, with an estimated tax of $3,035.
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 Twp
These are the five newest usable deeds on the 2026 file for Shrewsbury Twp. 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 |
|---|---|---|---|
| 318 CRAWFORD STREET | 5/19/2025 | $297,500 | $307,100 |
| 278 CRAWFORD STREET | 12/27/2024 | $295,000 | $307,100 |
| 384 CRAWFORD STREET | 10/16/2024 | $359,900 | $364,200 |
| 288 CRAWFORD STREET | 10/4/2024 | $286,500 | $307,100 |
| 284 CRAWFORD STREET | 9/19/2024 | $381,000 | $376,100 |
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 Twp: $6,225
Residential
The highest residential estimate in Shrewsbury Twp is $6,225 at 398 CRAWFORD STREET, on a net assessment of $403,700 and a 2025 general rate of 1.542.
| Address | Class | Net assessment | Rate year | Estimated tax |
|---|---|---|---|---|
| 398 CRAWFORD STREET | 2 — Residential (four families or less) | $403,700 | 2025 | $6,225 |
| 292 CRAWFORD STREET | 2 — Residential (four families or less) | $382,900 | 2025 | $5,904 |
| 306 CRAWFORD STREET | 2 — Residential (four families or less) | $379,700 | 2025 | $5,855 |
| 362 CRAWFORD STREET | 2 — Residential (four families or less) | $379,700 | 2025 | $5,855 |
| 364 CRAWFORD ST | 2 — Residential (four families or less) | $379,700 | 2025 | $5,855 |
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 Twp, typical class 2 assessment $348,217
Class 2 residential in the MOD-IV file: 121 parcels, average net assessment $348,217.
How assessments changed
Class 2 residential net assessments changed from $40,214,400 to $42,134,300, up 4.8%, on 121 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 1 usable recorded sales whose latest deed on this file is in 2025, the median price is $297,500. 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 | 121 | $42,134,300 | 29.1% |
| Vacant land 1 | 10 | $2,913,400 | 2.0% |
| Apartment 4C | 268 | $99,273,800 | 68.6% |
| Other / unclassified other | 1 | $434,560 | 0.3% |
Housing stock in Shrewsbury Twp, median year built 1985
On the 2026 file, class 2 houses in Shrewsbury Twp with a year built have a median year of 1985, about 41 years old. Of those 121 houses, the largest share was built 1980–1999. This is the assessor’s year built. It is not a ranking of towns.
By parcel count, Apartment 67.0%, Residential 30.3%, Vacant land 2.5%, Other / unclassified 0.3%. Those percentages are a count of parcels, not a share of tax dollars. The class table uses the tax-base share.