Ewan, New Jersey Property Taxes
The median property tax rate in Ewan, NJ is 2.90%, 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 Ewan at $329,678, the typical annual property tax bill reaches $9,071, significantly exceeding the national median of $2,690. Property taxes in Ewan 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 Ewan'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 Ewan 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
Ewan, New Jersey Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.9%
Estimate Property Tax Bill
$9,561
Ownwell’s Ewan Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Ewan with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Ewan 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 Gloucester County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Ewan, New Jersey
Property taxes in Ewan, New Jersey, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Ewan is 2.90%, significantly higher than the U.S. national median of 0.99%. Local government entities within Ewan set these rates annually, and they can vary significantly across different neighborhoods. Each year, Ewan 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 Ewan's effective property tax rate to other counties in New Jersey and the national median. For comparison, the 08025 zip code has the highest median property tax rate of 2.90%, which is the same as the lowest median tax rate in the same zip code. Understanding how these cities compare with Ewan provides valuable insights into the varying tax landscape across Gloucester County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Ewan Tax Rate
2.90%
Average Gloucester County Tax Rate
2.83%
Average New Jersey Tax Rate
2.82%
Average United States Tax Rate
0.99%
Property Tax Rates Across Ewan, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 08025 | 2.67% | 2.82% | 2.90% | 2.90% | 2.90% |
Source: Ownwell
Property Tax Assessment Values Across Ewan, New Jersey
In Ewan, 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 Gloucester County Board of Taxation 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 Ewan, 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. Ewan has a median home price of $329,678, with the 25th percentile tax bill at $7,705 and the 75th percentile tax bill at $10,891. Interestingly, the zip code 08025 holds both the highest and lowest median tax bill, which is $9,071. 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 Ewan helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Ewan Assessed Value
$329,678
Average Gloucester County Assessed Value
$246,529
Average New Jersey Assessed Value
$282,900
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Ewan, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 08025 | $272,091 | $291,311 | $329,678 | $374,984 | $406,697 |
Source: Ownwell
Property Tax Bills Across Ewan, New Jersey
Property tax bills in Ewan, Gloucester County, NJ, are calculated based on the assessed value of a property and the local tax rate. The assessed value is determined by the local tax assessor and is meant to represent the market value of the property. Once the property is assessed, the local tax rate is applied to this value to determine the annual tax bill. In Ewan, the median home price is $329,678, leading to varying tax bills across different percentiles. For instance, homeowners in the 25th percentile pay around $7,705, while those in the 75th percentile face bills of approximately $10,891. The tax bill can go as high as $11,812 for the 90th percentile. Compared to the national median property tax rate of 0.99%, Ewan’s property taxes are notably higher. These taxes fund essential local services like schools, infrastructure, and emergency services, directly impacting the quality of life for homeowners in the area.
Average Ewan Tax Bill
$9,071
Average Gloucester County Tax Bill
$7,106
Average New Jersey Tax Bill
$8,227
Average United States Tax Bill
$2,690
Property Tax Bills Across Ewan, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 08025 | $7,600 | $7,705 | $9,071 | $10,891 | $11,812 |
Source: Ownwell