Vineland, New Jersey Property Taxes
The median property tax rate in Vineland, NJ is 2.50%, 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 Vineland, the typical annual property tax bill reaches $4,801, exceeding the national median of $2,690. Property taxes in Vineland 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 Vineland'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 Vineland 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
Vineland, New Jersey Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.5%
Estimate Property Tax Bill
$4,802
Ownwell’s Vineland Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Vineland with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Vineland 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 Vineland, New Jersey
Property taxes in Vineland, New Jersey, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Vineland is 2.50%, significantly higher than both the New Jersey state median and the U.S. national median of 0.99%. Local government entities within Vineland set these rates annually, and they can vary significantly across different neighborhoods. Each year, Vineland 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 Vineland's effective property tax rate to other counties in New Jersey and the national median. For comparison, the 08360 zip code has the highest median property tax rate of 2.50%, while the 08361 zip code also has the lowest median tax rate of 2.50%. Understanding how these cities compare with Vineland provides valuable insights into the varying tax landscape across Cumberland County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Vineland Tax Rate
2.50%
Average Cumberland County Tax Rate
2.69%
Average New Jersey Tax Rate
2.82%
Average United States Tax Rate
0.99%
Property Tax Rates Across Vineland, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 08360 | 2.50% | 2.50% | 2.50% | 2.50% | 2.50% |
| 08361 | 2.50% | 2.50% | 2.50% | 2.50% | 2.50% |
Source: Ownwell
Property Tax Assessment Values Across Vineland, New Jersey
In Vineland, 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 Cumberland County Assessor 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 Vineland, 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 Vineland helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. For instance, the highest median tax bill in Vineland is $5,763 in the 08361 zip code, while the lowest median tax bill is $4,333 in the 08360 zip code. With a median home price of $192,084, the tax bills in Vineland can vary significantly, making it crucial for homeowners to stay informed and proactive.
Average Vineland Assessed Value
$192,084
Average Cumberland County Assessed Value
$168,564
Average New Jersey Assessed Value
$282,900
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Vineland, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 08360 | $125,189 | $145,549 | $173,369 | $209,156 | $252,769 |
| 08361 | $151,745 | $188,543 | $230,400 | $286,166 | $346,598 |
Source: Ownwell
Property Tax Bills Across Vineland, New Jersey
In Vineland, 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 Cumberland County tax assessor and reflects a percentage of the property's market value. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. Several factors influence the assessed value, including the property's size, location, and condition. In Vineland, the median home price is $192,084. Homeowners can expect their tax bills to vary significantly, with the 25th percentile tax bill at $3,878 and the 75th percentile reaching $6,032. The highest median tax bill in the city is $5,763 in the 08361 zip code, while the lowest median tax bill is $4,333 in the 08360 zip code. These property taxes significantly impact homeowners, often forming a substantial part of their annual expenses. Compared to the national median property tax rate of 0.99%, Vineland's rates can be relatively higher, affecting affordability and overall cost of living.
Average Vineland Tax Bill
$4,801
Average Cumberland County Tax Bill
$4,561
Average New Jersey Tax Bill
$8,227
Average United States Tax Bill
$2,690
Property Tax Bills Across Vineland, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 08360 | $3,131 | $3,641 | $4,333 | $5,228 | $6,311 |
| 08361 | $3,796 | $4,707 | $5,763 | $7,158 | $8,673 |
Source: Ownwell