Chatham vs Madison: Property Tax Comparison
Morris County, New Jersey — 2025 data
Chatham and Madison are both municipalities in Morris County, New Jersey. Based on the most recent available data (2025), Chatham carries a lower effective property tax rate of 1.518% compared to Madison at 1.535%, a difference of 0.017 percentage points. The average residential property tax bill is $1,150 lower in Madison ($14,959) than in Chatham ($16,109). The table below shows the full side-by-side breakdown of effective rates, average bills, and median home values.
Side-by-side comparison
Is your Madison assessment accurate?
If your home's assessed value is higher than its current market value, you may be overpaying property taxes. A successful appeal — filed with your county board of taxation — can reduce your assessed value and lower your annual bill.
Contact your local assessor's office or county board of taxation to learn about appeal deadlines and eligibility in your area.
Full town profiles
Chatham vs Madison — frequently asked questions
Which has lower property taxes, Chatham or Madison?
Chatham has a lower effective property tax rate (1.518%) compared to Madison (1.535%), a difference of 0.017 percentage points as of 2025.
What is the property tax rate in Chatham?
The effective property tax rate in Chatham is 1.518% (2025). The effective rate is the ratio of the average tax bill to the median home value — it accounts for assessments, exemptions, and all overlapping taxing jurisdictions.
What is the property tax rate in Madison?
The effective property tax rate in Madison is 1.535% (2025). The effective rate is the ratio of the average tax bill to the median home value — it accounts for assessments, exemptions, and all overlapping taxing jurisdictions.
What is the average property tax bill in Chatham?
The average residential property tax bill in Chatham is $16,109 (2024). Individual bills vary based on your home's assessed value, any exemptions you qualify for, and the rates set by your specific taxing units.
What is the average property tax bill in Madison?
The average residential property tax bill in Madison is $14,959 (2024). Individual bills vary based on your home's assessed value, any exemptions you qualify for, and the rates set by your specific taxing units.
How much higher is the average property tax bill in Chatham than Madison?
The average residential tax bill in Chatham ($16,109) is approximately $1,150 higher than in Madison ($14,959). This difference reflects a combination of higher assessed values and a higher effective rate.
How do home values compare between Chatham and Madison?
Median home values are higher in Chatham ($984,900, 2024) than in Madison ($943,200, 2024). A higher home value raises the absolute tax bill even when effective rates are similar.
Can I appeal my property tax assessment in Morris County?
Yes. Property owners in Morris County, New Jersey can appeal their assessment through the county board of taxation if they believe their assessed value is higher than the property's current market value. A successful appeal can reduce your assessed value and lower your annual tax bill. Deadlines and procedures vary — contact the Morris County tax assessor's office for current filing dates.
Where does the property tax data for Chatham and Madison come from?
Data on this page is sourced from publicly available government records including state tax authority publications and the U.S. Census Bureau American Community Survey. Effective rates and average bills may reflect county-level data where municipality-level figures are not published. All figures are for planning and comparison only — verify current rates with your local assessor.
Compare other Morris County towns
Data sourced from state tax authority publications and the U.S. Census Bureau American Community Survey. Figures are for planning and comparison only — actual bills depend on official assessments, exemptions, and local levy decisions. Methodology.