Vineland, New Jersey Property Taxes
The median property tax rate in Vineland, NJ is 3.00%, 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 Vineland at $212,300, the typical annual property tax bill reaches $6,571, far exceeding the national median of $2,690. Property taxes in Vineland 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 Vineland'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 Vineland 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
Vineland, New Jersey Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3%
Estimate Property Tax Bill
$6,369
Ownwell’s Vineland Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Vineland with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Vineland 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 Vineland, New Jersey
Property taxes in Vineland, 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 Vineland is 3.00%, significantly higher than both the New Jersey state median and the U.S. national median of 0.99%. Local government entities within Vineland set these rates annually, and they can vary significantly across different neighborhoods. Each year, Vineland 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 Vineland's effective property tax rate to other areas in New Jersey and the national median. For comparison, the 08361 zip code has the highest median property tax rate of 3.18%, while the 08360 zip code has the lowest median tax rate of 3.00%. Understanding how these areas compare with Vineland provides valuable insights into the varying tax landscape across Atlantic County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Vineland Tax Rate
3.00%
Average Atlantic County Tax Rate
3.23%
Average New Jersey Tax Rate
2.82%
Average United States Tax Rate
0.99%
Property Tax Rates Across Vineland, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 08360 | 2.92% | 3.00% | 3.00% | 3.35% | 3.35% |
| 08361 | 3.03% | 3.09% | 3.18% | 3.26% | 3.32% |
Source: Ownwell
Property Tax Assessment Values Across Vineland, New Jersey
In Vineland, 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 Atlantic 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 Vineland, 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. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. For instance, the highest median tax bill in Vineland is $6,575 in the 08360 zip code, while the lowest is $4,836 in the 08361 zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Vineland Assessed Value
$212,300
Average Atlantic County Assessed Value
$186,700
Average New Jersey Assessed Value
$282,900
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Vineland, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 08360 | $139,550 | $170,200 | $212,450 | $267,575 | $338,900 |
| 08361 | $136,650 | $142,125 | $151,250 | $160,375 | $165,850 |
Source: Ownwell
Property Tax Bills Across Vineland, New Jersey
In Vineland, NJ, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the local assessor and is intended to reflect the market value of the property. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. For example, the median home price in Vineland is $212,300. Homeowners in Vineland can expect their property tax bills to vary significantly, with tax bills at the 25th percentile around $5,379 and those at the 75th percentile reaching up to $8,154. The highest median tax bill in the area is $6,575 in the 08360 zip code, whereas the lowest is $4,836 in the 08361 zip code. These variations can have a substantial impact on homeowners, influencing decisions about buying, selling, or investing in property. Compared to the national median property tax rate of 0.99%, Vineland’s property taxes are notably higher, reflecting the region's specific economic and governmental factors.
Average Vineland Tax Bill
$6,571
Average Atlantic County Tax Bill
$5,716
Average New Jersey Tax Bill
$8,227
Average United States Tax Bill
$2,690
Property Tax Bills Across Vineland, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 08360 | $4,419 | $5,381 | $6,575 | $8,163 | $10,198 |
| 08361 | $4,156 | $4,411 | $4,836 | $5,260 | $5,515 |
Source: Ownwell