Mullica, Atlantic County, New Jersey Property Taxes

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

Median Mullica, NJ effective property tax rate: 3.41%, significantly higher than the national median of 1.02%, but lower than the NJ state median of 2.82%.
Median Mullica, NJ home value: $131,350
Median annual Mullica, NJ tax bill: $4,480, $2,080 higher than the national median property tax bill of $2,400.

How are property taxes in Atlantic calculated?

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

Last Updated March 1, 2025

Mullica, Atlantic County, New Jersey Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

3.41%

Estimate Property Tax Bill

$4,479

$4,156

Ownwell’s Mullica Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Mullica with just two data points. By entering your property's estimated assessed value, our calculator applies Mullica’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 Mullica, 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. Mullica in Atlantic County, New Jersey, has an effective property tax rate that is significantly higher than the national median property tax rate of 1.02%. This difference in rates can lead to considerably higher property tax bills for homeowners in Mullica compared to the national median bill of $2,400. The median property tax rate in New Jersey is among the highest in the country, which means Mullica residents often face a larger property tax burden than those in other states. Understanding these rates is crucial for homeowners looking to manage their property tax expenses effectively.

Property Tax Rates Across Mullica, 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 Mullica Tax Rate

3.41%

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 Mullica, Atlantic County, New Jersey

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
08037	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

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

When examining property taxes in Mullica, 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 Board of Taxation 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 March. 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 Mullica.

For example, the median home price in Mullica is $131,350, with tax bills ranging significantly across the county. The 25th percentile tax bill is $3,528, while the 75th percentile reaches $5,425, and the 90th percentile is $5,783.

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

Source: Ownwell

$104,600

$357,300

$610,000

Median Mullica Market Value

$131,350

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 Mullica, Atlantic County, New Jersey

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
08037	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Mullica, Atlantic County, New Jersey

In Mullica, located in Atlantic County, NJ, property tax bills are determined by assessing the property's market value and applying the local tax rate. The median home price in Mullica is $131,350, and the property tax rate is notably higher than the national median of 1.02%. This results in significant tax bills for homeowners, with the 25th percentile tax bill at $3,528, the 75th percentile at $5,425, and the 90th percentile reaching $5,783. These figures highlight the financial burden property taxes can impose on homeowners in Mullica.

Several factors influence the tax bill, including the property's assessed value and the local government's budgetary needs. Such high property taxes can strain homeowners' finances, especially when compared to the national median property tax bill of $2,400. Ownwell offers a solution by providing property tax appeal and exemption services. By leveraging their expertise, homeowners can potentially lower their tax bills, ensuring they pay only their fair share and alleviating some of the financial pressure associated with property taxes in Mullica.

Property Tax Bills Across Mullica, Atlantic County, New Jersey

Source: Ownwell

$3,867

$6,498

$9,128

Median Mullica Tax Bill

$4,480

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 Mullica, Atlantic County, New Jersey

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
08037	N/A	N/A	N/A	N/A	N/A

Source: Ownwell