Secaucus, New Jersey Property Taxes
The median property tax rate in Secaucus, NJ is 3.76%, 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 Secaucus at $165,100, the typical annual property tax bill reaches $6,207, far exceeding the national median of $2,690. Property taxes in Secaucus are calculated based on the tax assessed value, which often falls below the market value due to exemptions such as those for primary residences and agricultural use. Understanding Secaucus's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Secaucus or another part of Hudson County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Secaucus, New Jersey Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.76%
Estimate Property Tax Bill
$6,208
Ownwell’s Secaucus Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Secaucus with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Secaucus 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 Secaucus, New Jersey
Property taxes in Secaucus, New Jersey, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Secaucus is 3.76%, significantly higher than both the New Jersey state median and the U.S. national median of 0.99%. Local government entities within Secaucus set these rates annually, and they can vary significantly across different neighborhoods. Each year, Secaucus 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 Secaucus's effective property tax rate to other counties in New Jersey and the national median. For comparison, the 07094 zip code has the highest median property tax rate of 3.76%, while the same zip code also has the lowest median tax rate of 3.76%. Understanding how these cities compare with Secaucus provides valuable insights into the varying tax landscape across Hudson County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Secaucus Tax Rate
3.76%
Average Hudson County Tax Rate
2.12%
Average New Jersey Tax Rate
2.82%
Average United States Tax Rate
0.99%
Property Tax Rates Across Secaucus, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 07094 | 3.76% | 3.76% | 3.76% | 3.76% | 3.76% |
Source: Ownwell
Property Tax Assessment Values Across Secaucus, New Jersey
In Secaucus, 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 Hudson 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. Assessment notices in Secaucus 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 Secaucus helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bills is 07094, with a median tax bill of $6,207.
Average Secaucus Assessed Value
$165,100
Average Hudson County Assessed Value
$357,200
Average New Jersey Assessed Value
$282,900
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Secaucus, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 07094 | $109,000 | $130,400 | $165,100 | $211,725 | $273,020 |
Source: Ownwell
Property Tax Bills Across Secaucus, New Jersey
In Secaucus, located in Hudson County, NJ, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. The assessed value is a percentage of the property's market value, which is determined by local assessors. For homeowners in Secaucus, the median home price is $165,100. The property tax rate in this region significantly impacts homeowners, resulting in a median tax bill of $6,207, which is higher than the national median property tax rate of 0.99%. Several factors influence the tax bill, including the property's assessed value, local tax rates, and any applicable exemptions. Homeowners in the 25th percentile can expect to pay around $4,883, while those in the 75th percentile may see bills as high as $7,951. For the top 10% of properties, tax bills can reach up to $10,194. These figures highlight the variability in property tax obligations, which can significantly affect household budgets in Secaucus.
Average Secaucus Tax Bill
$6,207
Average Hudson County Tax Bill
$8,581
Average New Jersey Tax Bill
$8,227
Average United States Tax Bill
$2,690
Property Tax Bills Across Secaucus, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 07094 | $4,102 | $4,883 | $6,207 | $7,951 | $10,194 |
Source: Ownwell