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The average yearly property tax paid by Somerset County residents amounts to about 2.35% of their yearly income . Somerset County is ranked 1104th of the 3143 counties for property taxes as a percentage of median income.
Morris County, as of the 2000 Census, was the sixth-wealthiest county in the United States by median household income at $77,340 (second in New Jersey behind Hunterdon County at $79,888), sixth in median family income at $89,773 (third in New Jersey behind Hunterdon County at $91,050 and Somerset County at $90,605) and ranked tenth by per capita income at $36,964 (second in New Jersey behind Somerset County at $37,970) The Bureau of Economic Analysis ranked the county as having the 16th ...