Teaneck, Bergen County, New Jersey Property Taxes

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

Median Teaneck, NJ effective property tax rate: 3.24%, significantly higher than the national median of 1.02%, but lower than the NJ state median of 2.82%.
Median Teaneck, NJ home value: $331,500
Median annual Teaneck, NJ tax bill: $10,734, $8,334 higher than the national median property tax bill of $2,400.

How are property taxes in Bergen calculated?

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

Last Updated March 1, 2025

Teaneck, Bergen County, New Jersey Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

3.24%

Estimate Property Tax Bill

$10,741

$9,967

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

Local government entities in New Jersey set property tax rates, which can vary widely across the state. Each year, counties like Bergen estimate the budget needed to provide essential services and divide this by the total value of all taxable properties within their jurisdiction. This calculation results in the property tax rate. While votes and laws play a role in setting these rates and budgets, this is essentially the annual process. Teaneck, in Bergen County, has an effective property tax rate of 3.24%, which stands out as both the highest and lowest median tax rate within the area, notably higher than the national median of 1.02%. This means residents in Teaneck pay significantly more in property taxes compared to the national average, emphasizing the importance of exploring property tax appeals and exemptions. By understanding how these rates are determined and comparing them to state and national averages, property owners can make informed decisions about managing their property tax responsibilities.

Property Tax Rates Across Teaneck, 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 Teaneck Tax Rate

3.24%

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 Teaneck, Bergen County, New Jersey

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
07666	3.24%	3.24%	3.24%	3.24%	3.24%

Source: Ownwell

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

When examining property taxes in Teaneck, 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 Tax Assessor 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. Assessment notices: 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 Teaneck. For example, the median home price in Teaneck is $331,500, with tax bills ranging significantly across the county. 07666 has the highest median home price at $331,500.

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

Source: Ownwell

$256,600

$1,236,600

$2,216,600

Median Teaneck Market Value

$331,500

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 Teaneck, Bergen County, New Jersey

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
07666	$246,600	$287,300	$331,500	$415,975	$583,570

Source: Ownwell

Property Tax Bills Across Teaneck, Bergen County, New Jersey

In Teaneck, located in Bergen County, NJ, property tax bills are calculated by applying the local tax rate to the assessed value of a property. With the national median property tax rate at 1.02%, Teaneck homeowners face significantly higher rates, resulting in a median property tax bill of $10,734, which is well above the national median of $2,400. The assessed value of a home, which is often a percentage of its market value, plays a crucial role in determining the tax bill. Factors such as property size, location, and market trends influence this assessment. For homeowners, these high tax bills can be burdensome, especially when considering the 25th percentile tax bill is $9,300 and the 90th percentile reaches $18,885. Ownwell offers a solution by providing expert property tax appeal and exemption services. By analyzing individual property assessments and local tax regulations, Ownwell helps homeowners identify potential savings, ensuring they don't overpay and can manage their property tax liabilities more effectively.

Property Tax Bills Across Teaneck, Bergen County, New Jersey

Source: Ownwell

$4,393

$11,280

$18,167

Median Teaneck Tax Bill

$10,734

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 Teaneck, Bergen County, New Jersey

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
07666	$7,986	$9,300	$10,734	$13,458	$18,885

Source: Ownwell