Adelphia, New Jersey Property Taxes
The median property tax rate in Adelphia, NJ is 2.12%, 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 Adelphia, the typical annual property tax bill reaches $7,368, exceeding the national median of $2,690. Property taxes in Adelphia 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 Adelphia'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 Adelphia or another part of Monmouth County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Adelphia, New Jersey Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.12%
Estimate Property Tax Bill
$7,361
Ownwell’s Adelphia Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Adelphia with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Adelphia 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 Adelphia, New Jersey
Property taxes in Adelphia, New Jersey, play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Adelphia is 2.12%, significantly higher than the national median of 0.99%. Local government entities within Adelphia set these rates annually, and they can vary across different neighborhoods. Each year, Adelphia 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. For comparison, the zip code 07710 has the highest median property tax rate of 2.12%, while the same zip code also has the lowest median tax rate of 2.12%. Understanding how these areas compare with Adelphia provides valuable insights into the varying tax landscape across Monmouth County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Adelphia Tax Rate
2.12%
Average Monmouth County Tax Rate
1.86%
Average New Jersey Tax Rate
2.82%
Average United States Tax Rate
0.99%
Property Tax Rates Across Adelphia, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 07710 | 1.98% | 2.03% | 2.12% | 2.16% | 2.19% |
Source: Ownwell
Property Tax Assessment Values Across Adelphia, New Jersey
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Adelphia, NJ. 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 Monmouth 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 Adelphia, 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 Adelphia helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bill in the area is $7368, found in the zip code 07710.
Property Tax Assessment Values Across Adelphia, New Jersey
Source: Ownwell
$214,800
$1,639,900
$3,065,000
Average Adelphia Assessed Value
$347,200
Average Monmouth County Assessed Value
$467,900
Average New Jersey Assessed Value
$282,900
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Adelphia, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 07710 | $260,320 | $292,900 | $347,200 | $369,800 | $383,360 |
Source: Ownwell
Property Tax Bills Across Adelphia, New Jersey
Property tax bills in Adelphia, located in Monmouth County, NJ, are calculated based on the assessed value of a property and the local tax rate. The assessed value is determined by the county assessor and generally reflects a percentage of the property's market value. The local tax rate is applied to this assessed value to calculate the annual tax bill. Several factors influence the assessed value, including the property's size, location, and condition. Market trends and recent sales of similar properties in the area also play a crucial role. Homeowners in Adelphia face varying tax bills depending on these factors. For instance, the 25th percentile tax bill is around $5,997, while the 75th percentile reaches $8,009. The 90th percentile tax bill can go up to $8,394. These property taxes significantly impact homeowners, often representing a substantial portion of their annual expenses. Compared to the national median property tax rate of 0.99%, Adelphia's property tax bills are relatively high, reflecting the area's property values and local tax policies.
Average Adelphia Tax Bill
$7,368
Average Monmouth County Tax Bill
$8,714
Average New Jersey Tax Bill
$8,227
Average United States Tax Bill
$2,690
Property Tax Bills Across Adelphia, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 07710 | $5,174 | $5,997 | $7,368 | $8,009 | $8,394 |
Source: Ownwell