Lindenwold, New Jersey Property Taxes
The median property tax rate in Lindenwold, NJ, is 4.22%, significantly higher than both the national median of 0.99% and New Jersey's state median of 2.82%. With the median home value in Lindenwold at $137,772, the typical annual property tax bill reaches $5,792, far exceeding the national median of $2,690. Property taxes in Lindenwold are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Lindenwold'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 Lindenwold 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
Lindenwold, New Jersey Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
4.22%
Estimate Property Tax Bill
$5,814
Ownwell’s Lindenwold Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Lindenwold with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Lindenwold 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 Lindenwold, New Jersey
Property taxes in Lindenwold, New Jersey, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Lindenwold is 4.22%, significantly higher than both the New Jersey state median and the U.S. national median of 0.99%. Local government entities within Lindenwold set these rates annually, and they can vary significantly across different neighborhoods. Each year, Lindenwold 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 Lindenwold's effective property tax rate to other areas in New Jersey and the national median. For comparison, the 08021 zip code has the highest median property tax rate of 4.22%, while the same zip code also has the lowest median tax rate of 4.22%. Understanding how these cities compare with Lindenwold provides valuable insights into the varying tax landscape across Camden County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Lindenwold Tax Rate
4.22%
Average Camden County Tax Rate
3.17%
Average New Jersey Tax Rate
2.82%
Average United States Tax Rate
0.99%
Property Tax Rates Across Lindenwold, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 08021 | 4.22% | 4.22% | 4.22% | 4.22% | 4.22% |
Source: Ownwell
Property Tax Assessment Values Across Lindenwold, New Jersey
In Lindenwold, 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 Camden 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 Lindenwold, 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 Lindenwold helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median tax bill in Lindenwold is $5,792, with the highest and lowest median tax bills both occurring in zip code 08021.
Average Lindenwold Assessed Value
$137,772
Average Camden County Assessed Value
$216,803
Average New Jersey Assessed Value
$282,900
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Lindenwold, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 08021 | $88,273 | $114,644 | $137,772 | $159,959 | $184,796 |
Source: Ownwell
Property Tax Bills Across Lindenwold, New Jersey
In Lindenwold, Camden County, NJ, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the local assessor's office and is supposed to reflect the market value of the property. The tax rate, set by local government entities, is then applied to this assessed value to determine the annual tax bill. Several factors influence the assessed value, including the property's location, size, and condition. Homeowners in Lindenwold face a significant tax burden, with the median property tax bill at $5,792, notably higher than the national median property tax rate of 0.99%. For instance, those in the 25th percentile pay around $4,827, while those in the 75th percentile see bills as high as $6,712. This high property tax rate can significantly impact homeowners, affecting their overall cost of living and financial planning. Understanding these factors is crucial for homeowners to manage their expenses effectively.
Average Lindenwold Tax Bill
$5,792
Average Camden County Tax Bill
$7,089
Average New Jersey Tax Bill
$8,227
Average United States Tax Bill
$2,690
Property Tax Bills Across Lindenwold, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 08021 | $3,724 | $4,827 | $5,792 | $6,712 | $7,756 |
Source: Ownwell