Pleasantville, New Jersey Property Taxes
The median property tax rate in Pleasantville, NJ is 4.94%, significantly higher than both the national median of 0.99% and New Jersey's state median of 2.82%. With a median home value of $107,100, the typical annual property tax bill in Pleasantville reaches $5,226, surpassing the national median of $2,690. Property taxes here are calculated based on the assessed value, which is often lower than the market value due to exemptions such as those for primary residences and agricultural properties. Navigating Pleasantville'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 Pleasantville 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
Pleasantville, New Jersey Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
4.94%
Estimate Property Tax Bill
$5,291
Ownwell’s Pleasantville Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Pleasantville using just two key pieces of information. By entering your property's estimated assessed value, the calculator applies the median tax rate in Pleasantville to provide an estimate of your property tax bill. This valuable tool helps you understand potential tax liabilities. For those interested in exploring trends at a neighborhood level, more localized information is available below. Your property’s assessed value is determined by the county for property tax calculations and includes any applicable exemptions.
Property Tax Rates Across Pleasantville, New Jersey
Property taxes in Pleasantville, NJ, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Pleasantville is 4.94%, significantly higher than both the New Jersey state median and the U.S. national median of 0.99%. Local government entities within Pleasantville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Pleasantville 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 Pleasantville's effective property tax rate to other counties in New Jersey and the national median. For comparison, the 08232 zip code has the highest median property tax rate of 4.94%, while the same zip code also has the lowest median tax rate of 4.94%. Understanding how these cities compare with Pleasantville 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 Pleasantville Tax Rate
4.94%
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 Pleasantville, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 08232 | 4.75% | 4.94% | 4.94% | 4.94% | 4.94% |
Source: Ownwell
Property Tax Assessment Values Across Pleasantville, New Jersey
In Pleasantville, 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 Pleasantville, 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 Pleasantville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Pleasantville, the highest and lowest median tax bills are both $5,226, found in zip code 08232.
Property Tax Assessment Values Across Pleasantville, New Jersey
Source: Ownwell
$93,600
$351,800
$610,000
Average Pleasantville Assessed Value
$107,100
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 Pleasantville, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 08232 | $41,960 | $87,700 | $107,100 | $126,600 | $151,700 |
Source: Ownwell
Property Tax Bills Across Pleasantville, New Jersey
In Pleasantville, 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 local assessor's office and is meant to reflect the home's market value. Once the assessed value is established, it is multiplied by the local tax rate to determine the annual property tax bill. Several factors influence the assessed value, including the home's size, age, condition, and location. Pleasantville homeowners face significant property tax bills, with amounts varying widely. For instance, the 25th percentile tax bill is $4,256, while the 75th percentile reaches $6,103, and the 90th percentile can be as high as $7,055. These figures are notably higher than the national median property tax rate of 0.99%, reflecting the higher property values and tax rates in the region. High property taxes can affect homeowners by increasing the overall cost of homeownership, potentially making it more challenging to afford and maintain their properties.
Average Pleasantville Tax Bill
$5,226
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 Pleasantville, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 08232 | $2,064 | $4,256 | $5,226 | $6,103 | $7,055 |
Source: Ownwell