Landisville, New Jersey Property Taxes
The median property tax rate in Landisville, NJ is 3.35%, 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 Landisville at $167,500, the typical annual property tax bill reaches $5,564, exceeding the national median of $2,690. Property taxes in Landisville 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 Landisville'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 Landisville 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
Landisville, New Jersey Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.35%
Estimate Property Tax Bill
$5,611
Ownwell’s Landisville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Landisville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Landisville 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 Landisville, New Jersey
Property taxes in Landisville, New Jersey, are essential in funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Landisville is 3.35%, significantly higher than both the New Jersey state median and the U.S. national median of 0.99%. Local government entities within Landisville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Landisville 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 Landisville's effective property tax rate to other areas in New Jersey and the national median. For comparison, the 08326 zip code has the highest median property tax rate of 3.35%, while the same zip code also holds the lowest median tax rate of 3.35%. Understanding how these areas compare with Landisville provides valuable insights into the varying tax landscape across Atlantic County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Landisville Tax Rate
3.35%
Average Atlantic County Tax Rate
3.23%
Average New Jersey Tax Rate
2.82%
Average United States Tax Rate
0.99%
Property Tax Rates Across Landisville, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 08326 | 3.35% | 3.35% | 3.35% | 3.35% | 3.35% |
Source: Ownwell
Property Tax Assessment Values Across Landisville, New Jersey
In Landisville, 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 Atlantic 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 Landisville, 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. For instance, the median home price in Landisville is $167,500, with tax bills ranging from $4,473 at the 25th percentile to $7,791 at the 90th percentile. The highest and lowest median tax bills are both $5,564, found in zip code 08326. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Landisville Assessed Value
$167,500
Average Atlantic County Assessed Value
$186,700
Average New Jersey Assessed Value
$282,900
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Landisville, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 08326 | $111,620 | $134,000 | $167,500 | $195,000 | $232,300 |
Source: Ownwell
Property Tax Bills Across Landisville, New Jersey
In Landisville, NJ, property tax bills are calculated based on the assessed value of a home and the local tax rate set by Atlantic County. The assessed value is determined by the county assessor and is intended to reflect the market value of the property. Once the assessed value is established, it is multiplied by the local tax rate to calculate the annual property tax bill. Several factors influence the assessed value, including the property's size, age, location, and any improvements made. Homeowners in Landisville can expect a median property tax bill of $5,564.00, significantly higher than the national median property tax rate of 0.99%. For example, the 25th percentile tax bill is $4,473, while the 75th percentile reaches $6,471, and the 90th percentile can be as high as $7,791. These property taxes fund essential local services such as schools, public safety, and infrastructure maintenance, directly impacting homeowners' financial responsibilities and the quality of community services.
Average Landisville Tax Bill
$5,564
Average Atlantic County Tax Bill
$5,716
Average New Jersey Tax Bill
$8,227
Average United States Tax Bill
$2,690
Property Tax Bills Across Landisville, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 08326 | $3,742 | $4,473 | $5,564 | $6,471 | $7,791 |
Source: Ownwell