Town guide · Somerset County
Living in Peapack-Gladstone, NJ
Peapack-Gladstone is two old villages in the hills of northern Somerset County, joined into one borough in 1912. It has two stations at the end of the Gladstone Branch, a long tradition of horse farms and estates, and Natirar, the county park on the former Ladd estate.
- County
- Somerset
- Population
- About 2,600 (2020 census)
- Size
- About 5.8 square miles
- Setting
- Village centers surrounded by wooded hills, farms and estates
- Main roads
- U.S. Route 206 and County Route 512, with Interstate 287 and Interstate 78 in neighboring Bedminster
First things first
One borough, two villages
Peapack and Gladstone were villages in Bedminster Township until 1912, when residents voted to form their own borough. They wanted electric lights, telephones and fire hydrants, and did not want to pay for rural roads elsewhere in the township.
Today it is one municipality with one tax rate, but it still has two post offices, Peapack (07977) and Gladstone (07934), and two train stations. A home with either address is in Peapack-Gladstone Borough.
Neighborhoods
Peapack, Gladstone and the hills between
Peapack's name is believed to come from a Lenape word meaning marriage of the waters, for the place where Peapack Brook meets the Raritan River. Gladstone is named for the British Prime Minister William Ewart Gladstone. The borough also includes the Ravine Lake area.
- Peapack: The village along Main Street with the borough's historic lime kilns and its own train station.
- Gladstone: The village at the end of the Gladstone Branch rail line, about a mile past Peapack station.
- Horse country: The hills around the villages have a long tradition of horse farms and riding, including the Essex Hunt Club and the United States Equestrian Team's headquarters at historic Hamilton Farm.
Homes
What you will find
- Village homes: Homes in and around the two village centers, the part of the borough served by public sewer.
- Country properties and estates: Larger lots in the hills, where much of the land is zoned for three or five acre lots.
- Historic estates: The borough's history includes great estates such as Blairsden and the former Ladd estate, now Natirar.
Worth knowing: Only the central part of the borough, along Main Street, is in the sewer service area. Homes outside it use septic systems, so we arrange a septic inspection early. The whole borough is in the Highlands Planning Area, and the outer rural zones require three to five acres per home, which matters for anyone hoping to subdivide or build. We confirm the utilities and zoning on every property before it goes to market.
Property taxes
What taxes look like in Peapack-Gladstone
- 1.631%2025 effective tax rate, as a share of market value
- $14,1232025 average residential tax bill
A home worth $850,000 on today's market would pay roughly $13,864 a year at Peapack-Gladstone's 2025 effective rate. Your actual bill depends on your assessment, so we pull the real tax record for any home you are considering.
Source: New Jersey Division of Taxation, 2025 general and effective tax rates. Rates are set each year.
Getting around
Roads and commuting
U.S. Route 206 runs along the borough and County Route 512 crosses it east to west. Interstate 287 and Interstate 78 are reached in neighboring Bedminster. NJ Transit's Gladstone Branch, part of the Morris and Essex Lines, ends here, with stations at Peapack and at Gladstone, the last stop on the line. Trains connect to Hoboken and New York Penn Station.
Places worth knowing
Parks, landmarks and open space
- Natirar: A 411 acre Somerset County park, 247 acres of it in the borough, with river trails along the North Branch of the Raritan and Peapack Brook.
- Liberty Park: The borough park on Main Street, with walking paths, a large pond, a gazebo and war memorials.
- Moses Craig Lime Kilns: Lime kilns from around 1860 at 122 Main Street, now a small park with signs explaining the site, listed on the National Register in 2019.
- Komline Park: A borough park on former farmland at the end of Apgar Road, with walking paths and tennis courts.
Common questions
Questions people ask us about Peapack-Gladstone
What are property taxes in Peapack-Gladstone, NJ?
Peapack-Gladstone Borough's 2025 effective tax rate is 1.631 percent of market value, and the average residential tax bill is $14,123, according to the New Jersey Division of Taxation. Actual bills depend on each home's assessment.
Are Peapack and Gladstone separate towns?
No. They are two villages that formed one borough, Peapack-Gladstone, in 1912. They keep separate post offices and ZIP codes, 07977 for Peapack and 07934 for Gladstone, but share one government and one tax rate.
Can you take the train to New York from Peapack-Gladstone?
Yes. The borough has two stations on NJ Transit's Gladstone Branch, Peapack and Gladstone, which is the end of the line. Trains run toward Hoboken and New York Penn Station.
What is Natirar?
Natirar is a Somerset County park of 411 acres on the former estate of Kate Macy Ladd and Walter Graeme Ladd. Most of it is in Peapack-Gladstone, with the rest in Far Hills and Bedminster, and it has trails along the North Branch of the Raritan River.
Are homes in Peapack-Gladstone on sewer or septic?
It depends on location. Public sewer serves the central part of the borough along Main Street, about a third of its land. Homes outside that area use septic systems.
Nearby towns
Towns that border Peapack-Gladstone
Buying or selling in Peapack-Gladstone?
Village lot or country acreage
A house near Main Street on public sewer and a country property on septic with three or five acre zoning are priced on different terms. We check the utilities and zoning first, then talk through your options.
Call or text either of us directly.