Fair Lawn, Bergen County, New Jersey Property Taxes
Median FAIR LAWN, NJ effective property tax rate: 3.45%, significantly higher than the national median of 1.02%, but lower than the NJ state median of 2.82%.
Median FAIR LAWN, NJ home value: $312,700
Median annual FAIR LAWN, NJ tax bill: $10,798, $8,398 higher than the national median property tax bill of $2,400.
How are property taxes in Bergen calculated?
Property taxes in FAIR LAWN, 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 FAIR LAWN’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in FAIR LAWN, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Fair Lawn, Bergen County, New Jersey Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
3.45%
Estimate Property Tax Bill
$10,788
$10,011
Ownwell’s FAIR LAWN Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in FAIR LAWN with just two data points. By entering your property's estimated assessed value, our calculator applies FAIR LAWN’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.
While the national median property tax rate is 1.02% with a median bill of $2,400, FAIR LAWN's property tax landscape is notably different. With both the highest and lowest median tax bills recorded at $10,798, FAIR LAWN stands out, offering unique challenges and opportunities for property owners. For those interested in more localized information, please scroll down to explore city-level trends!
Property Tax Rates Across Fair Lawn, Bergen County, New Jersey
Local government entities in New Jersey set tax rates, which can vary widely within the state. Each county annually estimates its required budget to provide essential services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While votes and laws play a role in setting these rates and budgets, this is the essence of the annual process.
Fair Lawn, located in Bergen County, has an effective property tax rate of 3.45%. This rate is significantly higher than the national median property tax rate of 1.02%. The high rate reflects the locality's budgetary needs and the assessed value of properties within the area. In comparison to other cities in New Jersey, Fair Lawn's rate is among the highest, indicating the robust demand for local services and the value placed on property within the community.
Understanding these rates and how they compare to both state and national averages can provide valuable insight for property owners and prospective buyers in Fair Lawn.
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 Fair Lawn Tax Rate
3.45%
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 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 Fair Lawn, Bergen County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 07410 | 3.45% | 3.45% | 3.45% | 3.45% | 3.45% |
Source: Ownwell
Property Tax Assessment Values Across Fair Lawn, Bergen County, New Jersey
When examining property taxes in Fair Lawn, 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 Fair Lawn. For example, the median home price in Fair Lawn is $312,700, with tax bills ranging significantly across the county. 07410 has the highest median home price at $312,700.
Property Tax Assessment Values Across Fair Lawn, Bergen County, New Jersey
Source: Ownwell
$256,600
$1,236,600
$2,216,600
Median Fair Lawn Market Value
$312,700
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 Fair Lawn, Bergen County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 07410 | $250,200 | $277,125 | $312,700 | $373,800 | $465,050 |
Source: Ownwell
Property Tax Bills Across Fair Lawn, Bergen County, New Jersey
In Fair Lawn, NJ, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. The assessed value is typically a percentage of the market value, reflecting the property's worth. Homeowners in Fair Lawn face a median property tax bill of $10,798, significantly higher than the national median of $2,400. Various factors influence the tax bill, including property size, location, and improvements. The tax burden can be substantial, affecting homeowners' financial planning.
Ownwell offers a solution by assisting homeowners in appealing their property tax assessments. Our team of experts reviews your property's assessed value, identifying discrepancies or overvaluations. By filing an appeal, we aim to reduce the assessed value, potentially lowering your tax bill. With the 25th percentile tax bill at $9,568 and the 75th percentile reaching $12,904, there's a significant opportunity for savings. Trust Ownwell to navigate the complex property tax system, ensuring you pay only your fair share and helping you achieve financial relief.
Median Fair Lawn Tax Bill
$10,798
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 Fair Lawn, Bergen County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 07410 | $8,639 | $9,568 | $10,798 | $12,904 | $16,059 |
Source: Ownwell