Galloway, Atlantic County, New Jersey Property Taxes

Name: Property Tax Bills Across Galloway, Atlantic County, New Jersey
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Galloway, NJ effective property tax rate: 3.21%, significantly higher than the national median of 1.02%, but lower than the New Jersey state median of 2.82%.
Median Galloway, NJ home value: $159,600
Median annual Galloway, NJ tax bill: $5,134, $2,734 higher than the national median property tax bill of $2,400.

How are property taxes in Atlantic County calculated?

Property taxes in Galloway, 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 Galloway’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Galloway, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Galloway, Atlantic County, New Jersey Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

3.21%

Estimate Property Tax Bill

$5,123

$4,754

Ownwell’s Galloway Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Galloway with just two data points.

By entering your property's estimated assessed value, our calculator applies Galloway’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations.

This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Atlantic County.

For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Galloway, Atlantic County, New Jersey

Local government entities are responsible for setting tax rates, and these can differ significantly within a state. The reason lies in the annual budgeting process where each county assesses its financial needs to provide essential services. This budget is then divided by the total value of all taxable properties within the county, resulting in the property tax rate. While the process involves votes and legal frameworks, this is the essence of how rates are determined each year.

In Galloway, located in Atlantic County, New Jersey, the effective property tax rate stands out when compared to other cities in the state. With New Jersey's median property tax rate at 3.21%, it significantly surpasses the national median rate of 1.02%. This highlights the substantial variation in property tax rates across different regions. Understanding these differences is crucial for property owners looking to manage their tax liabilities effectively. By comparing Galloway's property tax rate to other regions, property owners can gain insights into potential savings and make informed decisions regarding property tax appeals and exemptions.

Property Tax Rates Across Galloway, Atlantic County, New Jersey

Source: Ownwell

1.01%

2.97%

4.94%

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 Galloway Tax Rate

3.21%

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 Galloway, Atlantic County, New Jersey

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
08205	3.21%	3.21%	3.21%	3.21%	3.21%

Source: Ownwell

Property Tax Assessment Values Across Galloway, Atlantic County, New Jersey

When examining property taxes in Galloway, 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 April. 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 Galloway.

For example, the median home price in Galloway is $159,600, with tax bills ranging significantly across the county. The zip code 08205 has the highest median home price at $159,600.

Property Tax Assessment Values Across Galloway, Atlantic County, New Jersey

Source: Ownwell

$104,600

$357,300

$610,000

Median Galloway Market Value

$159,600

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 Galloway, Atlantic County, New Jersey

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
08205	$60,100	$90,000	$159,600	$209,000	$256,100

Source: Ownwell

Property Tax Bills Across Galloway, Atlantic County, New Jersey

In Galloway, NJ, within Atlantic County, property tax bills are calculated based on the assessed value of a property and the local tax rate. The assessed value is determined by the local tax assessor and is a percentage of the property's market value. Homeowners in Galloway experience property tax bills that vary significantly, with the 25th percentile at $2,906 and the 75th percentile at $6,711, compared to the national median property tax bill of $2,400. The highest median tax bill in Galloway is $5,134, which is consistent across the 08205 zip code. These taxes fund essential services like schools, infrastructure, and public safety, impacting homeowners' finances directly. With property tax rates and bills potentially higher than the national median, homeowners may face financial strain. Ownwell can assist by offering property tax appeal and exemption services, helping homeowners potentially reduce their tax liabilities. By analyzing property assessments and ensuring accurate valuations, Ownwell empowers homeowners to achieve fairer tax bills.

Property Tax Bills Across Galloway, Atlantic County, New Jersey

Source: Ownwell

$3,867

$6,498

$9,128

Median Galloway Tax Bill

$5,134

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 Galloway, Atlantic County, New Jersey

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
08205	$1,962	$2,906	$5,134	$6,711	$8,224

Source: Ownwell