Ridgewood, Bergen County, New Jersey Property Taxes

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

Median Ridgewood, NJ effective property tax rate: 2.73%, significantly higher than the national median of 1.02%, but lower than the New Jersey state median of 2.82%.
Median Ridgewood, NJ home value: $598,800
Median annual Ridgewood, NJ tax bill: $16,362, $13,962 higher than the national median property tax bill of $2,400.

How are property taxes in Bergen calculated?

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

Last Updated March 1, 2025

Ridgewood, Bergen County, New Jersey Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.73%

Estimate Property Tax Bill

$16,347

$15,170

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

Ridgewood in Bergen County, NJ, stands out with an effective property tax rate of 2.73%, significantly higher than the national median of 1.02%. This rate is among the highest in the state, reflecting the county's budgetary needs and the valuation of properties in the area. When compared to other cities in New Jersey, Ridgewood's property tax rate is notably high, indicating a substantial investment in local services and infrastructure.

For homeowners in Ridgewood, understanding these rates is crucial for financial planning and property investment decisions. The higher tax rate can impact the overall cost of owning a home here, but it also suggests robust community services and amenities. Comparing Ridgewood’s tax rate to the national median property tax rate of 1.02% highlights the premium that residents pay for the benefits of living in this area.

Property Tax Rates Across Ridgewood, 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 Ridgewood Tax Rate

2.73%

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 Ridgewood, Bergen County, New Jersey

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
07450	2.73%	2.73%	2.73%	2.73%	2.73%

Source: Ownwell

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

When examining property taxes in Ridgewood, 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 Ridgewood.

For example, the median home price in Ridgewood is $598,800, with tax bills ranging significantly across the county. 07450 has the highest median home price at $598,800.

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

Source: Ownwell

$256,600

$1,236,600

$2,216,600

Median Ridgewood Market Value

$598,800

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 Ridgewood, Bergen County, New Jersey

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
07450	$405,080	$479,750	$598,800	$819,250	$1,146,560

Source: Ownwell

Property Tax Bills Across Ridgewood, Bergen County, New Jersey

In Ridgewood, Bergen County, NJ, property tax bills are calculated based on the assessed value of a home and the local tax rate. With a median home price of $598,800, property owners in Ridgewood face tax bills significantly higher than the national median. The tax bill at the 25th percentile is $13,105, while at the 75th percentile, it reaches $22,370. The 90th percentile tax bill soars to $31,321, highlighting the substantial financial burden on homeowners. The highest and lowest median tax bill in Ridgewood both stand at $16,362, reflecting a consistent tax environment within the zip code 07450. These figures contrast sharply with the national median property tax bill of $2,400, underscoring the impact on local homeowners. Ownwell can assist homeowners in navigating these high property taxes by identifying potential savings through appeals and exemptions. By leveraging expert knowledge and local insights, Ownwell helps ensure that homeowners pay only their fair share, potentially reducing their property tax burden and improving financial well-being.

Property Tax Bills Across Ridgewood, Bergen County, New Jersey

Source: Ownwell

$4,393

$11,280

$18,167

Median Ridgewood Tax Bill

$16,362

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 Ridgewood, Bergen County, New Jersey

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
07450	$11,080	$13,105	$16,362	$22,370	$31,321

Source: Ownwell