Garfield, Bergen County, New Jersey Property Taxes

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

Median Garfield, NJ effective property tax rate: 3.12%, significantly higher than the national median of 1.02%, but lower than the New Jersey state median of 2.82%.
Median Garfield, NJ home value: $272,300
Median annual Garfield, NJ tax bill: $8,487, $6,087 higher than the national median property tax bill of $2,400.

How are property taxes in Bergen calculated?

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

Last Updated March 1, 2025

Garfield, Bergen County, New Jersey Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

3.12%

Estimate Property Tax Bill

$8,496

$7,884

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

Local government entities are responsible for setting property tax rates, which can differ significantly within a state. The process involves each county estimating the budget needed to provide essential services and dividing that by the total value of all taxable property within its jurisdiction. This calculation determines the property tax rate. While votes and laws play a role in setting these rates and budgets, this is the basic annual process.

In Garfield, located in Bergen County, NJ, the effective property tax rate is notably higher than the national median. With a median property tax rate of 3.12%, Garfield stands out not only in New Jersey but also on a national level, where the median property tax rate is 1.02%. This means homeowners in Garfield might experience a considerably higher tax bill compared to those in other regions. Understanding these dynamics can help property owners make informed decisions about property tax appeals and exemptions.

Property Tax Rates Across Garfield, 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 Garfield Tax Rate

3.12%

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 Garfield, Bergen County, New Jersey

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
07026	3.12%	3.12%	3.12%	3.12%	3.12%

Source: Ownwell

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

When examining property taxes in Garfield, 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 May. 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 Garfield. For example, the median home price in Garfield is $272,300, with tax bills ranging significantly across the county. Zip code 07026 has the highest median home price at $272,300.

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

Source: Ownwell

$256,600

$1,236,600

$2,216,600

Median Garfield Market Value

$272,300

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 Garfield, Bergen County, New Jersey

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
07026	$202,800	$236,325	$272,300	$319,275	$387,510

Source: Ownwell

Property Tax Bills Across Garfield, Bergen County, New Jersey

In Garfield, Bergen County, NJ, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. With a median home price of $272,300, homeowners in this region typically face property tax bills that significantly exceed the national median of $2,400. The tax bill for the 25th percentile is $7,367, while those in the 75th percentile pay around $9,956, and the 90th percentile reaches $12,087. Factors influencing these taxes include the property's assessed value, which reflects its market value, and the local tax rate set by the county. This can create a financial burden for homeowners, especially when the highest median tax bill in Garfield is $8,487, which is considerably higher than the national median property tax rate of 1.02%. Ownwell can assist homeowners by providing expert property tax appeal and exemption services, potentially lowering their tax burden. By analyzing assessments and identifying discrepancies, Ownwell helps ensure homeowners pay only their fair share.

Property Tax Bills Across Garfield, Bergen County, New Jersey

Source: Ownwell

$4,393

$11,280

$18,167

Median Garfield Tax Bill

$8,487

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 Garfield, Bergen County, New Jersey

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
07026	$6,324	$7,367	$8,487	$9,956	$12,087

Source: Ownwell