Alpine, New Jersey Property Taxes
The median property tax rate in Alpine, NJ is 0.77%, considerably lower than both the national median of 0.99% and the New Jersey state median of 2.82%. With the median home value in Alpine, the typical annual property tax bill reaches $17,001, far exceeding the national median of $2,690. Property taxes in Alpine 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 Alpine'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 Alpine 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
Alpine, New Jersey Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.77%
Estimate Property Tax Bill
$17,068
$15,838
Ownwell’s Alpine Property Tax Bill Calculator is an essential tool for any homeowner, real estate investor, or potential owner looking to estimate their annual property taxes in Alpine. Simply input your property's estimated assessed value, and the calculator will apply the median tax rate in Alpine to provide an estimate of your property tax bill. This valuable tool offers a clear understanding of potential tax liabilities, helping you make informed financial decisions. Scroll down to discover more localized trends if you’re interested in neighborhood-specific information. Your property’s assessed value, determined by Bergen County, is used for property tax calculations and may include applicable exemptions.
Property Tax Rates Across Alpine, New Jersey
Property taxes in Alpine, 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 Alpine is 0.77%, which is lower than the U.S. national median of 0.99%. Local government entities within Alpine set these rates annually, and they can vary significantly across different neighborhoods. Each year, Alpine 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 Alpine's effective property tax rate to other areas in Bergen County and the national median. For comparison, the zip code 07620 has both the highest and lowest median property tax rate of 0.77%. Understanding how these cities compare with Alpine provides valuable insights into the varying tax landscape across Bergen County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Alpine Tax Rate
0.77%
Average Bergen County Tax Rate
2.73%
Average New Jersey Tax Rate
2.82%
Average United States Tax Rate
0.99%
Property Tax Rates Across Alpine, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 07620 | 0.77% | 0.77% | 0.77% | 0.77% | 0.77% |
Source: Ownwell
Property Tax Assessment Values Across Alpine, New Jersey
In Alpine, 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 Bergen 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 Alpine, 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. Being aware of these valuation processes in Alpine helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the highest and lowest median tax bills in the area are both $17,001, found in the 07620 zip code.
Property Tax Assessment Values Across Alpine, New Jersey
Source: Ownwell
$172,100
$10,136,050
$20,100,000
Average Alpine Assessed Value
$2,216,600
Average Bergen County Assessed Value
$421,800
Average New Jersey Assessed Value
$282,900
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Alpine, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 07620 | $692,000 | $1,359,950 | $2,216,600 | $3,245,050 | $4,671,450 |
Source: Ownwell
Property Tax Bills Across Alpine, New Jersey
In Alpine, located in Bergen County, 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's office and is meant to reflect the property's market value. Homeowners in Alpine face varying tax bills depending on the value of their homes. For instance, the 25th percentile tax bill is $10,431, while those in the 75th percentile pay around $24,890. The 90th percentile tax bill can go as high as $35,830. The median home price in Alpine is $2,216,600, and the median property tax bill stands at $17,001, significantly higher than the national median property tax rate of 0.99%. This high tax rate impacts homeowners by increasing their annual financial obligations, which can be substantial, especially for properties on the higher end of the market. Consequently, understanding how these taxes are calculated and what influences them is crucial for homeowners in managing their expenses effectively.
Average Alpine Tax Bill
$17,001
Average Bergen County Tax Bill
$11,253
Average New Jersey Tax Bill
$8,227
Average United States Tax Bill
$2,690
Property Tax Bills Across Alpine, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 07620 | $5,308 | $10,431 | $17,001 | $24,890 | $35,830 |
Source: Ownwell