Somers Point, Atlantic County, New Jersey Property Taxes
Median Somers Point, NJ effective property tax rate: 3.34%, significantly higher than the national median of 1.02%, but lower than the NJ state median of 2.82%.
Median Somers Point, NJ home value: $194,800
Median annual Somers Point, NJ tax bill: $6,475, $4,075 higher than the national median property tax bill of $2,400.
How are property taxes in Atlantic County calculated?
Property taxes in Somers Point, 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 Somers Point’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Somers Point, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Somers Point, Atlantic County, New Jersey Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
3.34%
Estimate Property Tax Bill
$6,506
$6,038
Property Tax Rates Across Somers Point, Atlantic County, New Jersey
Local government entities set tax rates, which can vary widely within a state. Why? Because 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 Somers Point’s effective property tax rate to other cities in New Jersey and the median property tax rates in New Jersey and the U.S.
Somers Point, located in Atlantic County, boasts a property tax rate that is notably higher than both the state and national averages. The median property tax rate in New Jersey is significantly above the national median, reflecting the state's overall higher property values and budgetary needs. Within New Jersey, Somers Point's tax rate is among the highest, underscoring the importance of understanding local tax assessments and potential savings through appeals. For homeowners in Somers Point, exploring property tax appeal services can be a valuable step in managing annual tax obligations effectively.
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 Somers Point Tax Rate
3.34%
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 Somers Point, Atlantic County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 08244 | 3.34% | 3.34% | 3.34% | 3.34% | 3.34% |
Source: Ownwell
Property Tax Assessment Values Across Somers Point, Atlantic County, New Jersey
When examining property taxes in Somers Point, 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 Tax Assessor 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 Somers Point.
For example, the median home price in Somers Point is $194,800, with tax bills ranging significantly across the county. Zip code 08244 has the highest median home price at $194,800.
Property Tax Assessment Values Across Somers Point, Atlantic County, New Jersey
Source: Ownwell
$104,600
$357,300
$610,000
Median Somers Point Market Value
$194,800
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 Somers Point, Atlantic County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 08244 | $139,260 | $164,600 | $194,800 | $229,950 | $295,980 |
Source: Ownwell
Property Tax Bills Across Somers Point, Atlantic County, New Jersey
Property Tax Bills Across Somers Point, Atlantic County, New Jersey
Source: Ownwell
$3,867
$6,498
$9,128
Median Somers Point Tax Bill
$6,475
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 Somers Point, Atlantic County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 08244 | $4,630 | $5,486 | $6,475 | $7,661 | $9,853 |
Source: Ownwell