Whitehouse Station, New Jersey Property Taxes
The median property tax rate in Whitehouse Station, NJ is 2.53%, 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 Whitehouse Station, the typical annual property tax bill reaches $11,369, exceeding the national median of $2,690. Property taxes in Whitehouse Station 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 Whitehouse Station'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 Whitehouse Station 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
Whitehouse Station, New Jersey Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.53%
Estimate Property Tax Bill
$11,388
Ownwell’s Whitehouse Station Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Whitehouse Station with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Whitehouse Station 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 Whitehouse Station, New Jersey
Property taxes in Whitehouse Station, NJ, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Whitehouse Station is 2.53%, significantly higher than both the New Jersey state median and the U.S. national median of 0.99%. Local government entities within Whitehouse Station set these rates annually, and they can vary significantly across different neighborhoods. Each year, Whitehouse Station 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 Whitehouse Station's effective property tax rate to other counties in New Jersey and the national median. For comparison, the 08889 zip code has the highest median property tax rate of 2.53%, while the same zip code also has the lowest median tax rate of 2.53%. Understanding how these cities compare with Whitehouse Station provides valuable insights into the varying tax landscape across Hunterdon County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Whitehouse Station Tax Rate
2.53%
Average Hunterdon County Tax Rate
2.66%
Average New Jersey Tax Rate
2.82%
Average United States Tax Rate
0.99%
Property Tax Rates Across Whitehouse Station, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 08889 | 2.53% | 2.53% | 2.53% | 2.53% | 2.53% |
Source: Ownwell
Property Tax Assessment Values Across Whitehouse Station, New Jersey
In Whitehouse Station, 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 Hunterdon 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 Whitehouse Station, 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. For instance, the median home price in Whitehouse Station is $450,100, with tax bills ranging from $8,756 at the 25th percentile to $16,562 at the 90th percentile. The zip code 08889 has both the highest and lowest median tax bill at $11,369. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Whitehouse Station, New Jersey
Source: Ownwell
$145,500
$560,200
$974,900
Average Whitehouse Station Assessed Value
$450,100
Average Hunterdon County Assessed Value
$364,050
Average New Jersey Assessed Value
$282,900
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Whitehouse Station, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 08889 | $289,280 | $346,800 | $450,100 | $546,600 | $659,700 |
Source: Ownwell
Property Tax Bills Across Whitehouse Station, New Jersey
In Whitehouse Station, Hunterdon 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 county's tax assessor and is meant to represent the market value of the property. Homeowners in this area face a median home price of $450,100, significantly influencing their tax bills. The local tax rate is applied to the assessed value to determine the annual property tax bill. Factors such as local government budgets, school funding, and public services contribute to the tax rate. In Hunterdon County, property tax bills can vary widely. For example, homeowners in the 25th percentile pay around $8,756 annually, while those in the 75th percentile face bills of approximately $13,746. At the 90th percentile, the tax bill can reach up to $16,562. These tax bills are considerably higher than the national median property tax rate of 0.99%, reflecting the premium property values and robust public services in the area. Homeowners must budget accordingly to manage these substantial tax obligations.
Average Whitehouse Station Tax Bill
$11,369
Average Hunterdon County Tax Bill
$10,015
Average New Jersey Tax Bill
$8,227
Average United States Tax Bill
$2,690
Property Tax Bills Across Whitehouse Station, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 08889 | $7,246 | $8,756 | $11,369 | $13,746 | $16,562 |
Source: Ownwell