Closter, Bergen County, New Jersey Property Taxes

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

Median Closter, NJ effective property tax rate: 2.21%, significantly higher than the national median of 1.02%, but lower than the New Jersey state median of 2.82%.
Median Closter, NJ home value: $671,100
Median annual Closter, NJ tax bill: $14,836, $12,436 higher than the national median property tax bill of $2,400.

How are property taxes in Bergen calculated?

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

Last Updated March 1, 2025

Closter, Bergen County, New Jersey Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.21%

Estimate Property Tax Bill

$14,831

$13,763

Ownwell’s Closter Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Closter with just two data points. By entering your property's estimated assessed value, our calculator applies Closter’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 Bergen County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Closter, Bergen 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.

In Closter, Bergen County, New Jersey, the effective property tax rate is notably higher than the national median. The median property tax rate in Closter stands at 2.21%, which is more than double the national median of 1.02%. This means that homeowners in Closter pay a significantly higher percentage of their property's assessed value in taxes compared to the average American homeowner. The median property tax bill in this area is reflective of the higher rate, surpassing the national median bill of $2,400. This highlights the importance of understanding local property tax rates and considering property tax appeal and exemption services to potentially reduce your tax burden.

Property Tax Rates Across Closter, Bergen County, New Jersey

Source: Ownwell

0.74%

2.48%

4.23%

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 Closter Tax Rate

2.21%

Median Effective Bergen County Tax Rate

2.73%

Median Effective New Jersey Tax Rate

2.82%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Closter, Bergen County, New Jersey

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
07624	2.21%	2.21%	2.21%	2.21%	2.21%

Source: Ownwell

Property Tax Assessment Values Across Closter, Bergen County, New Jersey

When examining property taxes in Closter, 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 Bergen 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 Bergen 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 Closter.

For example, the median home price in Closter is $671,100, with tax bills ranging significantly across the county. Zip code 07624 has the highest median home price at $671,100.

Property Tax Assessment Values Across Closter, Bergen County, New Jersey

Source: Ownwell

$256,600

$1,236,600

$2,216,600

Median Closter Market Value

$671,100

Median Bergen County Market Value

$421,800

Median New Jersey Market Value

$282,900

Median United States Market Value

$235,294

Property Tax Assessment Values Across Closter, Bergen County, New Jersey

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
07624	$455,380	$528,500	$671,100	$896,750	$1,186,600

Source: Ownwell

Property Tax Bills Across Closter, Bergen County, New Jersey

In Closter, Bergen County, NJ, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. With a median home price of $671,100, homeowners in Closter face significant tax bills. The median tax bill in the area is $14,836, considerably higher than the national median property tax bill of $2,400. Factors such as property size, location, and improvements can influence the assessed value, impacting the final tax bill. Homeowners in Closter, especially those with tax bills in the 90th percentile reaching $26,248, may find these costs burdensome. Ownwell can assist by helping homeowners navigate the property tax appeal process, potentially reducing their assessed value and, consequently, their tax bills. By identifying discrepancies in assessments and filing appeals, Ownwell aims to provide substantial savings and ease the financial burden on homeowners.

Property Tax Bills Across Closter, Bergen County, New Jersey

Source: Ownwell

$4,393

$11,280

$18,167

Median Closter Tax Bill

$14,836

Median Bergen County Tax Bill

$11,253

Median New Jersey Tax Bill

$8,227

Median United States Tax Bill

$2,400

Property Tax Bills Across Closter, Bergen County, New Jersey

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
07624	$10,069	$11,688	$14,836	$19,836	$26,248

Source: Ownwell