Belleville, New Jersey Property Taxes
The median property tax rate in Belleville, NJ is 3.85%, 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 $278,900 in Belleville, the typical annual property tax bill reaches $10,725, far exceeding the national median of $2,690. Property taxes in Belleville are calculated based on the assessed value, which typically falls below the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Belleville'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 Belleville or another part of Essex County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Belleville, New Jersey Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.85%
Estimate Property Tax Bill
$10,738
Ownwell’s Belleville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Belleville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Belleville 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 Essex County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Belleville, New Jersey
Property taxes in Belleville, NJ, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Belleville is 3.85%, significantly higher than the U.S. national median of 0.99%. Local government entities within Belleville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Belleville 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 Belleville's effective property tax rate to other counties in New Jersey and the national median. For comparison, the 07109 zip code has the highest median property tax rate of 3.85%, while the same zip code also has the lowest median tax rate of 3.85%. Understanding how these cities compare with Belleville provides valuable insights into the varying tax landscape across Essex County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Belleville Tax Rate
3.85%
Average Essex County Tax Rate
3.51%
Average New Jersey Tax Rate
2.82%
Average United States Tax Rate
0.99%
Property Tax Rates Across Belleville, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 07109 | 3.85% | 3.85% | 3.85% | 3.85% | 3.85% |
Source: Ownwell
Property Tax Assessment Values Across Belleville, New Jersey
In Belleville, 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 Essex 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 Belleville, 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 Belleville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Belleville are both $10,725, found in the 07109 zip code, highlighting the uniformity in tax assessments within the area.
Property Tax Assessment Values Across Belleville, New Jersey
Source: Ownwell
$16,100
$687,250
$1,358,400
Average Belleville Assessed Value
$278,900
Average Essex County Assessed Value
$335,900
Average New Jersey Assessed Value
$282,900
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Belleville, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 07109 | $170,650 | $237,400 | $278,900 | $318,600 | $378,300 |
Source: Ownwell
Property Tax Bills Across Belleville, New Jersey
In Belleville, Essex County, 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 tax assessor and is intended to represent the market value of the property. Several factors influence this assessed value, including the property's size, location, and condition. The local tax rate is set by municipal, county, and school district budgets and can vary annually. Homeowners in Belleville experience property tax bills that reflect both the value of their property and the needs of the community. For instance, the median home price in Belleville is $278,900. The property tax bill for homes can range significantly, with the 25th percentile paying around $9,125 and the 75th percentile paying approximately $12,269. At the 90th percentile, the tax bill can reach up to $14,540. These figures highlight that property taxes in Belleville can be considerably higher than the national median property tax rate of 0.99%, impacting homeowners' financial planning and overall cost of living.
Average Belleville Tax Bill
$10,725
Average Essex County Tax Bill
$11,297
Average New Jersey Tax Bill
$8,227
Average United States Tax Bill
$2,690
Property Tax Bills Across Belleville, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 07109 | $6,523 | $9,125 | $10,725 | $12,269 | $14,540 |
Source: Ownwell