Northvale, Bergen County, New Jersey Property Taxes
Median Northvale, NJ effective property tax rate: 3.02%, significantly higher than the national median of 1.02%, but lower than the New Jersey state median of 2.82%.
Median Northvale, NJ home value: $382,200
Median annual Northvale, NJ tax bill: $11,542, $9,142 higher than the national median property tax bill of $2,400.
How are property taxes in Bergen calculated?
Property taxes in Northvale, 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 Northvale’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Northvale, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Northvale, Bergen County, New Jersey Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
3.02%
Estimate Property Tax Bill
$11,542
$10,711
Property Tax Rates Across Northvale, Bergen County, New Jersey
Local government entities set tax rates, which can vary widely within a state. Each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.
Northvale in Bergen County, NJ, has an effective property tax rate of 3.02%. This rate is significantly higher than the national median property tax rate of 1.02%. With such a high rate, homeowners in Northvale face property tax bills that are well above the national median property tax bill of $2400. This can be attributed to the county's method of budgeting and the value of taxable properties within the region. Understanding these dynamics is crucial for homeowners aiming to manage their property tax expenses effectively. By comparing Northvale’s property tax rate to other cities in New Jersey and the U.S., property owners can gain insights into how their tax obligations measure up and explore potential avenues for appeal or exemption.
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 Northvale Tax Rate
3.02%
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 Northvale, Bergen County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 07647 | 3.02% | 3.02% | 3.02% | 3.02% | 3.02% |
Source: Ownwell
Property Tax Assessment Values Across Northvale, Bergen County, New Jersey
When examining property taxes in Northvale, 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 assessment authority 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 Northvale. For example, the median home price in Northvale is $382,200, with tax bills ranging significantly across the county. Zip code 07647 has the highest median home price at $382,200.
Property Tax Assessment Values Across Northvale, Bergen County, New Jersey
Source: Ownwell
$256,600
$1,236,600
$2,216,600
Median Northvale Market Value
$382,200
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 Northvale, Bergen County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 07647 | $290,950 | $339,800 | $382,200 | $439,400 | $516,750 |
Source: Ownwell
Property Tax Bills Across Northvale, Bergen County, New Jersey
In Northvale, located in Bergen County, NJ, property tax bills are calculated based on the assessed value of a home, which is a percentage of the market value. With a median home price of $382,200, homeowners in Northvale face a median property tax bill significantly higher than the national median of $2,400. In fact, the median tax bill here is $11,542, which is also the highest and lowest in the area, indicating uniformity in tax rates across the region. This can be attributed to the county's tax rate and local government levies, which are applied to fund public services such as schools and infrastructure.
High property taxes can be a burden for homeowners, but Ownwell offers a solution. By leveraging expertise in property tax appeals, Ownwell helps homeowners potentially reduce their tax bills. The service reviews property assessments and identifies discrepancies or overvaluations, aiming to lower the assessed value and, consequently, the tax bill. This can lead to substantial savings, alleviating the financial strain on homeowners in Northvale.
Median Northvale Tax Bill
$11,542
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 Northvale, Bergen County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 07647 | $8,787 | $10,262 | $11,542 | $13,270 | $15,606 |
Source: Ownwell