Whitehouse Station, New Jersey Property Taxes
The median property tax rate in Whitehouse Station, NJ is 1.97%, 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 at $475,800, the typical annual property tax bill reaches $9,368, 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
1.97%
Estimate Property Tax Bill
$9,373
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, New Jersey, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Whitehouse Station is 1.97%, 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 zip code 08889 has the highest median property tax rate of 1.97%, while the same zip code also has the lowest median tax rate of 1.97%. Understanding how these cities compare with Whitehouse Station provides valuable insights into the varying tax landscape across Somerset County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Whitehouse Station Tax Rate
1.97%
Average Somerset County Tax Rate
2.05%
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 | 1.97% | 1.97% | 1.97% | 1.97% | 1.97% |
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 Somerset County Assessor's Office 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 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 Whitehouse Station helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with both the highest and lowest median tax bill is 08889, with a median tax bill of $9,368.
Property Tax Assessment Values Across Whitehouse Station, New Jersey
Source: Ownwell
$230,000
$621,625
$1,013,250
Average Whitehouse Station Assessed Value
$475,800
Average Somerset County Assessed Value
$415,100
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 | $471,160 | $472,900 | $475,800 | $478,700 | $480,440 |
Source: Ownwell
Property Tax Bills Across Whitehouse Station, New Jersey
In Whitehouse Station, located in Somerset County, NJ, property tax bills are determined by multiplying the assessed value of a property by the local tax rate. The assessed value is a percentage of the market value of the property, and this figure is then used to calculate the tax bill. The local tax rate in Somerset County can vary, but it is generally higher than the national median property tax rate of 0.99%. Several factors influence the assessed value, including the property's location, size, and condition. Homeowners in Whitehouse Station can expect their tax bills to be significantly higher than the national average. For example, the 25th percentile tax bill is $9,311, while the 75th percentile reaches $9,426. Even at the 90th percentile, the tax bill is $9,460, indicating a consistently high tax burden across different property values. These high property taxes can impact homeowners by increasing their overall cost of living and potentially affecting their ability to sell or refinance their homes.
Average Whitehouse Station Tax Bill
$9,368
Average Somerset County Tax Bill
$9,311
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 | $9,277 | $9,311 | $9,368 | $9,426 | $9,460 |
Source: Ownwell