South Harrison Township, New Jersey Property Taxes
The median property tax rate in South Harrison Township, NJ is 2.27%, considerably higher than both the national median of 0.99% and the New Jersey state median of 2.82%. With a median home value of $437,591 in South Harrison Township, the typical annual property tax bill reaches $10,248, far exceeding the national median of $2,690. Property taxes in South Harrison Township 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 South Harrison Township'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 South Harrison Township or another part of Gloucester County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
South Harrison Township, New Jersey Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.27%
Estimate Property Tax Bill
$9,933
Ownwell’s South Harrison Township Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in South Harrison Township with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in South Harrison Township 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 South Harrison Township, New Jersey
Property taxes in South Harrison Township, New Jersey, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in South Harrison Township is 2.27%, significantly higher than both the New Jersey state median and the U.S. national median of 0.99%. Local government entities within South Harrison Township set these rates annually, and they can vary significantly across different neighborhoods. Each year, South Harrison Township 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 South Harrison Township's effective property tax rate to other counties in New Jersey and the national median. For comparison, the zip code 08062 has the highest median property tax rate of 2.27%, while the same zip code also has the lowest median tax rate of 2.27%. Understanding how these cities compare with South Harrison Township provides valuable insights into the varying tax landscape across Gloucester County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average South Harrison Township Tax Rate
2.27%
Average Gloucester County Tax Rate
2.83%
Average New Jersey Tax Rate
2.82%
Average United States Tax Rate
0.99%
Property Tax Rates Across South Harrison Township, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 08062 | 2.27% | 2.27% | 2.27% | 2.27% | 2.27% |
Source: Ownwell
Property Tax Assessment Values Across South Harrison Township, New Jersey
In South Harrison Township, 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 Gloucester 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 South Harrison Township, 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. The median home price in South Harrison Township is $437,591, with tax bills ranging from $8,687 at the 25th percentile to $13,306 at the 90th percentile. The highest and lowest median tax bills are both in the 08062 zip code, amounting to $10,248. By understanding 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 helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across South Harrison Township, New Jersey
Source: Ownwell
$118,344
$296,046
$473,747
Average South Harrison Township Assessed Value
$437,591
Average Gloucester County Assessed Value
$246,529
Average New Jersey Assessed Value
$282,900
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across South Harrison Township, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 08062 | $340,449 | $382,094 | $437,591 | $511,698 | $585,298 |
Source: Ownwell
Property Tax Bills Across South Harrison Township, New Jersey
In South Harrison Township, Gloucester County, NJ, property tax bills are calculated based on the assessed value of the property and the local tax rate. The assessed value is determined by the local assessor's office and is meant to reflect the market value of the property. Homeowners in this area face a median property tax rate of 0.99%, which is the national median. Several factors influence the final tax bill, including the property's assessed value, local tax rates, and any applicable exemptions. For instance, a home with a median price of $437,591 would have varying tax bills depending on specific assessments and exemptions. Tax bills in the 25th percentile are around $8,687, while those in the 75th percentile can reach up to $11,633. The highest tax bills, in the 90th percentile, can be as much as $13,306. These tax bills significantly impact homeowners, affecting their overall housing costs and financial planning. Accurate assessments and understanding of local tax rates are crucial for homeowners to manage these expenses effectively.
Average South Harrison Township Tax Bill
$10,248
Average Gloucester County Tax Bill
$7,106
Average New Jersey Tax Bill
$8,227
Average United States Tax Bill
$2,690
Property Tax Bills Across South Harrison Township, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 08062 | $7,740 | $8,687 | $10,248 | $11,633 | $13,306 |
Source: Ownwell