Ho Ho Kus, Bergen County, New Jersey Property Taxes
Median HO HO KUS, NJ effective property tax rate: 2.28%, significantly higher than the national median of 1.02%, but lower than the New Jersey state median of 2.82%.
Median HO HO KUS, NJ home value: $660,300
Median annual HO HO KUS, NJ tax bill: $15,033, $12,633 higher than the national median property tax bill of $2,400.
How are property taxes in Bergen calculated?
Property taxes in HO HO KUS, 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 HO HO KUS’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in HO HO KUS, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Ho Ho Kus, Bergen County, New Jersey Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
2.28%
Estimate Property Tax Bill
$15,055
$13,970
Property Tax Rates Across Ho Ho Kus, Bergen County, New Jersey
Local government entities are responsible for setting tax rates, and these can vary significantly within a state. The process involves each county estimating its necessary budget to deliver services, which is then divided by the total value of all taxable property within its jurisdiction. This calculation determines the property tax rate. While voting and legislation play roles in setting these rates and budgets, this is the fundamental process followed annually.
In Ho Ho Kus, located in Bergen County, New Jersey, the effective property tax rate stands out when compared to other cities in the state. Ho Ho Kus has a median tax rate of 2.28%, which is notably higher than the national median property tax rate of 1.02%. This difference reflects how local policies and budgetary needs can influence property tax rates.
Understanding these variations is crucial for property owners, as they directly impact the annual property tax bill, which is a significant expense for homeowners. By being informed about these rates, property owners can better anticipate their tax liabilities and explore potential appeals or exemptions.
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 Ho Ho Kus Tax Rate
2.28%
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 Ho Ho Kus, Bergen County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 07423 | 2.28% | 2.28% | 2.28% | 2.28% | 2.28% |
Source: Ownwell
Property Tax Assessment Values Across Ho Ho Kus, Bergen County, New Jersey
When examining property taxes in HO HO KUS, 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 HO HO KUS. For example, the median home price in HO HO KUS is $660,300, with tax bills ranging significantly across the county. 07423 has the highest median home price at $660,300.
Property Tax Assessment Values Across Ho Ho Kus, Bergen County, New Jersey
Source: Ownwell
$256,600
$1,236,600
$2,216,600
Median Ho Ho Kus Market Value
$660,300
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 Ho Ho Kus, Bergen County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 07423 | $458,780 | $527,425 | $660,300 | $893,625 | $1,217,030 |
Source: Ownwell
Property Tax Bills Across Ho Ho Kus, Bergen County, New Jersey
Median Ho Ho Kus Tax Bill
$15,033
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 Ho Ho Kus, Bergen County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 07423 | $10,446 | $12,009 | $15,033 | $20,348 | $27,712 |
Source: Ownwell