Brigantine, New Jersey Property Taxes
The median property tax rate in Brigantine, NJ is 1.74%, considerably higher than both the national median of 0.99% and the New Jersey state median of 2.82%. With the median home value in Brigantine, the typical annual property tax bill reaches $5,404, exceeding the national median of $2,690. Property taxes in Brigantine are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Brigantine's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Brigantine or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Brigantine, New Jersey Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.74%
Estimate Property Tax Bill
$5,429
Ownwell’s Brigantine Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Brigantine with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Brigantine to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Brigantine, New Jersey
Property taxes in Brigantine, New Jersey, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Brigantine is 1.74%, significantly higher than the U.S. national median of 0.99%. Local government entities within Brigantine set these rates annually, and they can vary significantly across different neighborhoods. Each year, Brigantine estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Brigantine's effective property tax rate to other areas in Atlantic County and the national median. For comparison, the zip code 08203 has both the highest and lowest median property tax rate of 1.74%. Understanding how these areas compare with Brigantine provides valuable insights into the varying tax landscape across Atlantic County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Brigantine Tax Rate
1.74%
Average Atlantic County Tax Rate
3.23%
Average New Jersey Tax Rate
2.82%
Average United States Tax Rate
0.99%
Property Tax Rates Across Brigantine, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 08203 | 1.74% | 1.74% | 1.74% | 1.74% | 1.74% |
Source: Ownwell
Property Tax Assessment Values Across Brigantine, New Jersey
In Brigantine, New Jersey, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Atlantic County Assessor for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In Brigantine, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in Brigantine helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 08203 has the highest and lowest median tax bill at $5,404.
Average Brigantine Assessed Value
$312,000
Average Atlantic County Assessed Value
$186,700
Average New Jersey Assessed Value
$282,900
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Brigantine, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 08203 | $154,500 | $245,200 | $312,000 | $428,225 | $656,950 |
Source: Ownwell
Property Tax Bills Across Brigantine, New Jersey
Property tax bills in Brigantine, located in Atlantic County, NJ, are calculated based on the assessed value of a property and the local tax rate. The assessed value is determined by the county assessor and reflects the property's market value. Homeowners in Brigantine face property tax bills that can vary significantly. For instance, the tax bill at the 25th percentile is around $4,250, while at the 75th percentile, it reaches approximately $7,438. At the 90th percentile, homeowners might see tax bills as high as $11,402. These figures are notably higher than the national median property tax rate of 0.99%, reflecting the relatively high property values and tax rates in the area. With the median home price in Brigantine at $312,000, homeowners need to budget carefully for these expenses. Understanding how these tax bills are determined can help homeowners plan better and potentially seek exemptions or appeals to manage their financial obligations more effectively.
Average Brigantine Tax Bill
$5,404
Average Atlantic County Tax Bill
$5,716
Average New Jersey Tax Bill
$8,227
Average United States Tax Bill
$2,690
Property Tax Bills Across Brigantine, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 08203 | $2,684 | $4,250 | $5,404 | $7,438 | $11,402 |
Source: Ownwell