Sicklerville, New Jersey Property Taxes
The median property tax rate in Sicklerville, NJ is 2.83%, 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 Sicklerville at $313,277, the typical annual property tax bill reaches $8,872, significantly exceeding the national median of $2,690. Property taxes in Sicklerville 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 Sicklerville'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 Sicklerville 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
Sicklerville, New Jersey Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.83%
Estimate Property Tax Bill
$8,866
Ownwell’s Sicklerville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Sicklerville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Sicklerville 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 Sicklerville, New Jersey
Property taxes in Sicklerville, NJ, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Sicklerville is 2.83%, significantly higher than the U.S. national median of 0.99%. Local government entities within Sicklerville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Sicklerville 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 Sicklerville's effective property tax rate to other areas in Gloucester County and the national median. For comparison, the zip code 08081 has the highest median property tax rate of 2.83%, while the same zip code also has the lowest median tax rate of 2.83%. Understanding how these rates compare with Sicklerville 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 Sicklerville Tax Rate
2.83%
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 Sicklerville, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 08081 | 2.83% | 2.83% | 2.83% | 2.83% | 2.83% |
Source: Ownwell
Property Tax Assessment Values Across Sicklerville, New Jersey
In Sicklerville, 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 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 Sicklerville, 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 Sicklerville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 08081 has both the highest and lowest median tax bill at $8,872, reflecting the uniformity in tax assessments across the area.
Property Tax Assessment Values Across Sicklerville, New Jersey
Source: Ownwell
$118,344
$296,046
$473,747
Average Sicklerville Assessed Value
$313,277
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 Sicklerville, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 08081 | $240,924 | $275,514 | $313,277 | $369,256 | $457,045 |
Source: Ownwell
Property Tax Bills Across Sicklerville, New Jersey
Property tax bills in Sicklerville, located in Gloucester County, NJ, are determined by assessing the market value of a property and applying the local tax rate to this assessed value. The median home price in Sicklerville is $313,277. To calculate the tax bill, the assessed value is multiplied by the local property tax rate. Factors such as property size, location, and improvements can influence the assessed value and, consequently, the tax bill. In Sicklerville, homeowners can expect a median tax bill of $8,872, which is significantly higher than the national median property tax rate of 0.99%. The tax bills vary widely, with the 25th percentile at $7,789 and the 75th percentile reaching $10,458. At the 90th percentile, tax bills can be as high as $12,944. These property taxes fund local services such as schools, public safety, and infrastructure, directly impacting homeowners by contributing to community resources and overall property values.
Average Sicklerville Tax Bill
$8,872
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 Sicklerville, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 08081 | $6,823 | $7,789 | $8,872 | $10,458 | $12,944 |
Source: Ownwell