Absecon, Atlantic County, New Jersey Property Taxes
Median Absecon, NJ effective property tax rate: 3.31%, significantly higher than the national median of 1.02%, but lower than the New Jersey state median of 2.82%.
Median Absecon, NJ home value: $169,300
Median annual Absecon, NJ tax bill: $5,597, $3,197 higher than the national median property tax bill of $2,400.
How are property taxes in Atlantic County calculated?
Property taxes in Absecon, NJ are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.
Understanding Absecon’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Absecon, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Absecon, Atlantic County, New Jersey Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
3.31%
Estimate Property Tax Bill
$5,604
$5,200
Property Tax Rates Across Absecon, Atlantic County, New Jersey
Local government entities set tax rates, which can vary widely within a state. Annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process. Below, you can compare Absecon’s effective property tax rate to other cities in New Jersey and the median property tax rates in New Jersey and the U.S.
Absecon, located in Atlantic County, boasts the highest median property tax rate in the region, standing at 3.31%. This rate significantly surpasses the national median property tax rate of 1.02%, highlighting the variability in tax rates even within a single state. Meanwhile, the lowest median tax rate in the county is 3.21%, still considerably higher than the national median. This disparity underscores the importance of understanding local tax dynamics. For property owners in New Jersey, these figures emphasize the need to explore potential property tax appeals or exemptions, ensuring they are not overpaying in a state with some of the highest property tax rates in the country.
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Absecon Tax Rate
3.31%
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Atlantic County Tax Rate
3.23%
Median Effective New Jersey Tax Rate
2.82%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Absecon, Atlantic County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 08201 | 3.31% | 3.31% | 3.31% | 3.31% | 3.31% |
| 08205 | 3.21% | 3.21% | 3.21% | 3.21% | 3.21% |
Source: Ownwell
Property Tax Assessment Values Across Absecon, Atlantic County, New Jersey
When examining property taxes in Absecon, NJ, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Atlantic County appraisal district estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.
In Atlantic County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Absecon. For example, the median home price in Absecon is $169,300, with tax bills ranging significantly across the county. Zip code 08201 has the highest median home price at $170,100.
Property Tax Assessment Values Across Absecon, Atlantic County, New Jersey
Source: Ownwell
$104,600
$357,300
$610,000
Median Absecon Market Value
$169,300
Median Atlantic County Market Value
$186,700
Median New Jersey Market Value
$282,900
Median United States Market Value
$235,294
Property Tax Assessment Values Across Absecon, Atlantic County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 08201 | $83,300 | $134,600 | $170,100 | $203,700 | $244,490 |
| 08205 | $32,550 | $162,825 | $165,000 | $165,000 | $185,850 |
Source: Ownwell
Property Tax Bills Across Absecon, Atlantic County, New Jersey
Median Absecon Tax Bill
$5,597
Median Atlantic County Tax Bill
$5,716
Median New Jersey Tax Bill
$8,227
Median United States Tax Bill
$2,400
Property Tax Bills Across Absecon, Atlantic County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 08201 | $2,754 | $4,463 | $5,627 | $6,735 | $8,089 |
| 08205 | $1,045 | $5,228 | $5,298 | $5,298 | $6,011 |
Source: Ownwell