Ogdensburg, New Jersey Property Taxes
The median property tax rate in Ogdensburg, NJ is 3.77%, 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 Ogdensburg at $217,600, the typical annual property tax bill reaches $8,186, significantly exceeding the national median of $2,690. Property taxes in Ogdensburg 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 Ogdensburg'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 Ogdensburg 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
Ogdensburg, New Jersey Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.77%
Estimate Property Tax Bill
$8,204
Ownwell’s Ogdensburg Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Ogdensburg with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Ogdensburg 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 Ogdensburg, New Jersey
Property taxes in Ogdensburg, 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 Ogdensburg is 3.77%, significantly higher than the U.S. national median of 0.99%. Local government entities within Ogdensburg set these rates annually, and they can vary significantly across different neighborhoods. Each year, Ogdensburg 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 Ogdensburg's effective property tax rate to other areas in Sussex County and the national median. For comparison, the zip code 07439 has the highest median property tax rate of 3.77%, while the lowest median tax rate is also 3.77%. Understanding how these areas compare with Ogdensburg provides valuable insights into the varying tax landscape across Sussex County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Ogdensburg Tax Rate
3.77%
Average Sussex County Tax Rate
3.40%
Average New Jersey Tax Rate
2.82%
Average United States Tax Rate
0.99%
Property Tax Rates Across Ogdensburg, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 07439 | 3.77% | 3.77% | 3.77% | 3.77% | 3.77% |
Source: Ownwell
Property Tax Assessment Values Across Ogdensburg, New Jersey
In Ogdensburg, 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 Sussex 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 Ogdensburg, 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. For instance, the median home price in Ogdensburg is $217,600, with tax bills ranging from the 25th percentile at $7,269 to the 90th percentile at $10,523. The zip code 07439 has both the highest and lowest median tax bill of $8,186. 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 Ogdensburg helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Ogdensburg Assessed Value
$217,600
Average Sussex County Assessed Value
$229,300
Average New Jersey Assessed Value
$282,900
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Ogdensburg, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 07439 | $162,960 | $193,000 | $217,600 | $244,825 | $279,340 |
Source: Ownwell
Property Tax Bills Across Ogdensburg, New Jersey
In Ogdensburg, Sussex County, NJ, property tax bills are determined based on the assessed value of a home and the local tax rate. The assessed value is a percentage of the property's market value, which is then multiplied by the tax rate to calculate the annual tax bill. Various factors such as property size, location, and improvements can influence the assessed value. For instance, homes in Ogdensburg with a median home price of $217,600 can see tax bills ranging from $7,269 at the 25th percentile to $10,523 at the 90th percentile. The median tax bill in the area is $8,186, significantly higher than the national median property tax rate of 0.99%. This high tax burden affects homeowners by increasing their annual expenses, making budgeting more challenging. It also impacts property affordability and can influence decisions on buying or selling homes in the area. Understanding these factors is crucial for homeowners to manage their financial planning effectively.
Average Ogdensburg Tax Bill
$8,186
Average Sussex County Tax Bill
$7,518
Average New Jersey Tax Bill
$8,227
Average United States Tax Bill
$2,690
Property Tax Bills Across Ogdensburg, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 07439 | $6,139 | $7,269 | $8,186 | $9,223 | $10,523 |
Source: Ownwell