Estell Manor, New Jersey Property Taxes
The median property tax rate in Estell Manor, NJ is 2.74%, 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 Estell Manor, the typical annual property tax bill reaches $5,022, exceeding the national median of $2,690. Property taxes in Estell Manor 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 Estell Manor'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 Estell Manor 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
Estell Manor, New Jersey Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.74%
Estimate Property Tax Bill
$5,050
Ownwell’s Estell Manor Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Estell Manor with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Estell Manor 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 Estell Manor, New Jersey
Property taxes in Estell Manor, New Jersey, are essential for funding vital local services such as public schools, road maintenance, and emergency services. The median tax rate in Estell Manor is 2.74%, significantly higher than the U.S. national median of 0.99%. Local government entities within Estell Manor set these rates annually, and they can vary across different neighborhoods. Each year, Estell Manor 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 Estell Manor's effective property tax rate to other areas in New Jersey and the national median. For comparison, Estell Manor has both the highest and the lowest median property tax rate in the county, at 2.74%. Understanding how these rates compare with Estell Manor 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 Estell Manor Tax Rate
2.74%
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 Estell Manor, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 08319 | 2.74% | 2.74% | 2.74% | 2.74% | 2.74% |
Source: Ownwell
Property Tax Assessment Values Across Estell Manor, New Jersey
In Estell Manor, 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 Appraisal District 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 Estell Manor, 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 Estell Manor helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the highest and lowest median tax bills in the area are both $5,022, found in zip code 08319.
Property Tax Assessment Values Across Estell Manor, New Jersey
Source: Ownwell
$93,600
$351,800
$610,000
Average Estell Manor Assessed Value
$184,300
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 Estell Manor, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 08319 | $19,100 | $139,300 | $184,300 | $234,750 | $300,740 |
Source: Ownwell
Property Tax Bills Across Estell Manor, New Jersey
In Estell Manor, Atlantic County, NJ, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The tax rate, which is set by the local government, is then applied to this assessed value to determine the annual property tax bill. For example, with a median home price of $184,300, homeowners can expect a substantial tax bill due to New Jersey's relatively high property tax rates compared to the national median of 0.99%. Several factors influence the tax bill, including property size, location, and any improvements made to the home. In Estell Manor, homeowners in the 25th percentile may see tax bills around $3,794, while those in the 75th percentile could face bills as high as $6,410. The 90th percentile tax bills can reach up to $8,236. These high tax rates can significantly impact homeowners, often making property taxes a major consideration in their overall financial planning.
Average Estell Manor Tax Bill
$5,022
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 Estell Manor, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 08319 | $524 | $3,794 | $5,022 | $6,410 | $8,236 |
Source: Ownwell