Fort Lee, Bergen County, New Jersey Property Taxes

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

Median Fort Lee, NJ effective property tax rate: 2.48%, significantly higher than the national median of 1.02%, but lower than the New Jersey state median of 2.82%.
Median Fort Lee, NJ home value: $429,600
Median annual Fort Lee, NJ tax bill: $10,674, $8,274 higher than the national median property tax bill of $2,400.

How are property taxes in Bergen County calculated?

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

Last Updated March 1, 2025

Fort Lee, Bergen County, New Jersey Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.48%

Estimate Property Tax Bill

$10,654

$9,887

Ownwell’s Fort Lee Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Fort Lee with just two data points. By entering your property's estimated assessed value, our calculator applies Fort Lee’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 Fort Lee, Bergen County, New Jersey

Local government entities set tax rates, which can vary widely within a state. This variation is driven by each county's annual budget requirements. They estimate the budget needed to provide essential services and divide it by the total value of all taxable property within their jurisdiction. This calculation results in the property tax rate. While votes and laws play a role in setting tax rates and budgets, this is the annual process in a nutshell. In Fort Lee, located in Bergen County, New Jersey, the effective property tax rate is notably higher compared to other cities in the state and the national median. The median property tax rate in New Jersey is significantly above the national median of 1.02%, and Fort Lee exemplifies this trend. This higher tax rate reflects the local government's budgetary needs and property values. Understanding these rates is crucial for property owners seeking to manage their tax obligations effectively. By comparing Fort Lee's property tax rate to state and national averages, residents can gain insight into their tax responsibilities and potential savings through appeals or exemptions.

Property Tax Rates Across Fort Lee, 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 Fort Lee Tax Rate

2.48%

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 Fort Lee, Bergen County, New Jersey

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
07024	2.48%	2.48%	2.48%	2.48%	2.48%

Source: Ownwell

Property Tax Assessment Values Across Fort Lee, Bergen County, New Jersey

When examining property taxes in FORT LEE, 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. Assessment notices: 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 FORT LEE. For example, the median home price in FORT LEE is $429,600, with tax bills ranging significantly across the county. 07024 has the highest median home price at $429,600.

Property Tax Assessment Values Across Fort Lee, Bergen County, New Jersey

Source: Ownwell

$256,600

$1,236,600

$2,216,600

Median Fort Lee Market Value

$429,600

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 Fort Lee, Bergen County, New Jersey

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
07024	$191,160	$275,000	$429,600	$598,700	$796,760

Source: Ownwell

Property Tax Bills Across Fort Lee, Bergen County, New Jersey

In Fort Lee, 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 tax assessor, reflecting a percentage of the property's market value. With a median home price of $429,600, Fort Lee homeowners face a median tax bill significantly higher than the national average, with figures ranging from $6,828 at the 25th percentile to $19,751 at the 90th percentile. The highest and lowest median tax bills in the area are both $10,674, indicating a consistent tax rate across different property values. These substantial tax bills can be a financial burden for homeowners, making it essential to explore ways to reduce them. This is where Ownwell can assist. By providing expert property tax appeal and exemption services, Ownwell helps homeowners potentially lower their assessed values, leading to reduced tax bills. Our team of professionals ensures that homeowners are not overpaying and are taking advantage of any available exemptions, ultimately saving them money.

Property Tax Bills Across Fort Lee, Bergen County, New Jersey

Source: Ownwell

$4,393

$11,280

$18,167

Median Fort Lee Tax Bill

$10,674

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 Fort Lee, Bergen County, New Jersey

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
07024	$4,767	$6,828	$10,674	$14,848	$19,751

Source: Ownwell