Seaside Heights, New Jersey Property Taxes
The median property tax rate in Seaside Heights, NJ is 1.67%, considerably higher than the national median of 0.99% but lower than the New Jersey state median of 2.82%. With the median home value in Seaside Heights at $382,600, the typical annual property tax bill reaches $7,465, far exceeding the national median of $2,690. Property taxes in Seaside Heights are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Seaside Heights' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Seaside Heights 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
Seaside Heights, New Jersey Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.67%
Estimate Property Tax Bill
$6,389
Ownwell’s Seaside Heights Property Tax Bill Calculator is an invaluable tool for homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Seaside Heights with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Seaside Heights to provide an estimate of your property tax bill. This insightful tool helps you understand potential tax liabilities. For those 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 Ocean County for property tax calculations, taking into account any exemptions that may apply.
Property Tax Rates Across Seaside Heights, New Jersey
Property taxes in Seaside Heights, New Jersey, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Seaside Heights is 1.67%, significantly higher than both the New Jersey state median and the U.S. national median of 0.99%. Local government entities within Seaside Heights set these rates annually, and they can vary significantly across different neighborhoods. Each year, Seaside Heights 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 Seaside Heights' effective property tax rate to other counties in New Jersey and the national median. For comparison, the 08751 zip code has the highest median property tax rate of 1.67%, while the same zip code also has the lowest median tax rate of 1.67%. Understanding how these cities compare with Seaside Heights provides valuable insights into the varying tax landscape across Ocean County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Seaside Heights Tax Rate
1.67%
Average Ocean County Tax Rate
2.26%
Average New Jersey Tax Rate
2.82%
Average United States Tax Rate
0.99%
Property Tax Rates Across Seaside Heights, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 08751 | 1.64% | 1.67% | 1.67% | 2.50% | 2.50% |
Source: Ownwell
Property Tax Assessment Values Across Seaside Heights, New Jersey
In Seaside Heights, 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 Ocean 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 Seaside Heights, 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 Seaside Heights is $382,600, with tax bills ranging significantly depending on various factors. For instance, the 25th percentile tax bill is $5,365, while the 75th percentile reaches $10,284. The highest median tax bill is $7,465 in zip code 08751. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to manage the tax burden effectively.
Property Tax Assessment Values Across Seaside Heights, New Jersey
Source: Ownwell
$88,700
$589,800
$1,090,900
Average Seaside Heights Assessed Value
$382,600
Average Ocean County Assessed Value
$281,800
Average New Jersey Assessed Value
$282,900
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Seaside Heights, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 08751 | $163,400 | $233,000 | $382,600 | $599,500 | $816,000 |
Source: Ownwell
Property Tax Bills Across Seaside Heights, New Jersey
In Seaside Heights, located in Ocean County, NJ, property tax bills are determined based on the assessed value of a home, which is then multiplied by the local tax rate. The median home price in this area is $382,600. Homeowners in Seaside Heights face a median tax bill of $7,465, which is significantly higher than the national median property tax rate of 0.99%. Factors that influence the tax bill include the home's assessed value, local government budgets, and public service funding needs. Tax bills can vary widely; for instance, the tax bill at the 25th percentile is $5,365, while at the 75th percentile, it reaches $10,284. At the 90th percentile, homeowners may pay as much as $13,706. These variations reflect differences in property values and specific tax rates applied within different parts of the city. High property taxes can impact homeowners by increasing the overall cost of homeownership, potentially affecting affordability and financial planning.
Average Seaside Heights Tax Bill
$7,465
Average Ocean County Tax Bill
$5,983
Average New Jersey Tax Bill
$8,227
Average United States Tax Bill
$2,690
Property Tax Bills Across Seaside Heights, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 08751 | $3,867 | $5,365 | $7,465 | $10,284 | $13,706 |
Source: Ownwell