Ewing, New Jersey Property Taxes
The median property tax rate in Ewing, NJ is 3.60%, 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 $192,800 in Ewing, the typical annual property tax bill reaches $6,939, far exceeding the national median of $2,690. Property taxes in Ewing are calculated based on the assessed value, which usually falls below the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Ewing'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 Ewing 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
Ewing, New Jersey Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.6%
Estimate Property Tax Bill
$6,941
Ownwell’s Ewing Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Ewing with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Ewing to provide an accurate estimate of your property tax bill. This valuable tool offers a clear understanding of potential tax liabilities. For those interested in more detailed trends at the neighborhood level, additional localized information is available below. Your property’s assessed value is determined by the county for tax purposes, taking into account any applicable exemptions.
Property Tax Rates Across Ewing, New Jersey
Property taxes in Ewing, 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 Ewing is 3.60%, significantly higher than both the New Jersey state median and the U.S. national median of 0.99%. Local government entities within Ewing set these rates annually, and they can vary significantly across different neighborhoods. Each year, Ewing 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 Ewing's effective property tax rate to other counties in New Jersey and the national median. For comparison, the 08638 zip code has the highest median property tax rate of 3.60%, while the 08560 zip code has the lowest median tax rate of 3.60%. Understanding how these cities compare with Ewing provides valuable insights into the varying tax landscape across Mercer County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Ewing Tax Rate
3.60%
Average Mercer County Tax Rate
3.25%
Average New Jersey Tax Rate
2.82%
Average United States Tax Rate
0.99%
Property Tax Rates Across Ewing, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 08560 | 3.60% | 3.60% | 3.60% | 3.60% | 3.60% |
| 08618 | 3.60% | 3.60% | 3.60% | 3.60% | 3.60% |
| 08628 | 3.60% | 3.60% | 3.60% | 3.60% | 3.60% |
| 08638 | 3.60% | 3.60% | 3.60% | 3.60% | 3.60% |
Source: Ownwell
Property Tax Assessment Values Across Ewing, New Jersey
In Ewing, 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 Mercer County Assessor's Office 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 Ewing, 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 Ewing helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Ewing is in zip code 08560 at $10,594, while the lowest is in zip code 08638 at $6,550.
Average Ewing Assessed Value
$192,800
Average Mercer County Assessed Value
$216,500
Average New Jersey Assessed Value
$282,900
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Ewing, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 08560 | $261,800 | $274,075 | $294,900 | $316,600 | $364,250 |
| 08618 | $142,070 | $158,300 | $185,500 | $211,600 | $239,930 |
| 08628 | $133,100 | $179,400 | $232,400 | $293,600 | $345,940 |
| 08638 | $106,220 | $143,800 | $181,900 | $228,000 | $275,300 |
Source: Ownwell
Property Tax Bills Across Ewing, New Jersey
In Ewing, NJ, property tax bills are calculated based on the assessed value of the property and the local tax rate. The assessed value is determined by the Mercer County tax assessor and is intended to reflect the market value of the property. This assessed value is then multiplied by the local tax rate to determine the annual property tax bill. For homeowners in Ewing, the tax bill can vary significantly. For instance, the 25th percentile tax bill is around $5,626, while the 75th percentile tax bill is approximately $8,618. At the higher end, the 90th percentile tax bill reaches $10,666. These figures highlight the variability in property tax bills within the region. Homeowners in Ewing can expect their property taxes to be influenced by factors such as property size, location, and market conditions. Compared to the national median property tax rate of 0.99%, Ewing's property tax rates can be relatively high, impacting homeowners' annual financial obligations.
Average Ewing Tax Bill
$6,939
Average Mercer County Tax Bill
$7,200
Average New Jersey Tax Bill
$8,227
Average United States Tax Bill
$2,690
Property Tax Bills Across Ewing, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 08560 | $9,370 | $9,857 | $10,594 | $11,339 | $13,102 |
| 08618 | $5,110 | $5,690 | $6,680 | $7,622 | $8,659 |
| 08628 | $4,806 | $6,464 | $8,367 | $10,557 | $12,431 |
| 08638 | $3,937 | $5,194 | $6,550 | $8,178 | $9,818 |
Source: Ownwell