North Arlington, New Jersey Property Taxes
The median property tax rate in North Arlington, NJ is 2.57%, considerably higher than both the national median of 0.99% and the New Jersey state median of 2.82%. With the median home value in North Arlington at $374,550, the typical annual property tax bill reaches $9,630, exceeding the national median of $2,690. Property taxes in North Arlington are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding North Arlington's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of North Arlington or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
North Arlington, New Jersey Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.57%
Estimate Property Tax Bill
$9,626
$8,933
Ownwell’s North Arlington Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in North Arlington with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in North Arlington to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across North Arlington, New Jersey
Property taxes in North Arlington, New Jersey, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in North Arlington is 2.57%, significantly higher than both the New Jersey state median and the U.S. national median of 0.99%. Local government entities within North Arlington set these rates annually, and they can vary significantly across different neighborhoods. Each year, North Arlington estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares North Arlington's effective property tax rate to other counties in New Jersey and the national median. For comparison, the 07031 zip code has both the highest and lowest median property tax rate of 2.57%. Understanding how these areas compare with North Arlington provides valuable insights into the varying tax landscape across Bergen County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average North Arlington Tax Rate
2.57%
Average Bergen County Tax Rate
2.73%
Average New Jersey Tax Rate
2.82%
Average United States Tax Rate
0.99%
Property Tax Rates Across North Arlington, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 07031 | 2.57% | 2.57% | 2.57% | 2.57% | 2.57% |
Source: Ownwell
Property Tax Assessment Values Across North Arlington, New Jersey
In North Arlington, New Jersey, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the local tax assessor for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In North Arlington, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. The median home price in North Arlington is $374,550, with tax bills ranging from $8,533 at the 25th percentile to $13,699 at the 90th percentile. The zip code 07031 has the highest and lowest median tax bill, both at $9,630. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across North Arlington, New Jersey
Source: Ownwell
$172,100
$10,136,050
$20,100,000
Average North Arlington Assessed Value
$374,550
Average Bergen County Assessed Value
$421,800
Average New Jersey Assessed Value
$282,900
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across North Arlington, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 07031 | $302,300 | $331,975 | $374,550 | $442,225 | $532,810 |
Source: Ownwell
Property Tax Bills Across North Arlington, New Jersey
Property tax bills in North Arlington, located in Bergen County, NJ, are calculated based on the assessed value of a property and the local tax rate. The assessed value is determined by the local tax assessor and is a percentage of the property's market value. This value is then multiplied by the local tax rate to determine the annual tax bill. In North Arlington, the median home price is $374,550, and the property tax rate is significantly higher than the national median of 0.99%. Homeowners in this area can expect a substantial tax bill, with the 25th percentile at $8,533 and the 75th percentile reaching $11,369. For those in the 90th percentile, the tax bill can soar to $13,699. The highest and lowest median tax bills in the area both stand at $9,630, reflecting a consistent tax burden across different properties. These property taxes fund essential local services such as schools, public safety, and infrastructure, directly impacting the quality of life for homeowners.
Average North Arlington Tax Bill
$9,630
Average Bergen County Tax Bill
$11,253
Average New Jersey Tax Bill
$8,227
Average United States Tax Bill
$2,690
Property Tax Bills Across North Arlington, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 07031 | $7,785 | $8,533 | $9,630 | $11,369 | $13,699 |
Source: Ownwell