Waldwick, Bergen County, New Jersey Property Taxes

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

Median Waldwick, NJ effective property tax rate: 2.85%, significantly higher than the national median of 1.02%, but slightly higher than the New Jersey state median of 2.82%.
Median Waldwick, NJ home value: $411,550
Median annual Waldwick, NJ tax bill: $11,717, $9,317 higher than the national median property tax bill of $2,400.

How are property taxes in Bergen calculated?

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

Last Updated March 1, 2025

Waldwick, Bergen County, New Jersey Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.85%

Estimate Property Tax Bill

$11,729

$10,884

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

Local government entities are responsible for setting tax rates, which can vary significantly within a state. Annually, each county, including Bergen County, estimates its required budget to provide essential services. This budget is then divided by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. While votes and laws play a role in determining tax rates and budgets, this is essentially the annual process.

Comparing Waldwick’s effective property tax rate to other cities in New Jersey and across the U.S. can provide valuable insights. New Jersey has a median property tax rate that is notably higher than the national median, reflecting the state's emphasis on funding local services through property taxes. Waldwick, located in Bergen County, shares this characteristic, with its property tax rate aligning with the county's median. This comparison highlights the regional differences in property tax rates and underscores the importance of understanding local tax dynamics to manage property tax liabilities effectively. Whether you are a homeowner or a prospective buyer, being aware of these variations can help in making informed financial decisions.

Property Tax Rates Across Waldwick, 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 Waldwick Tax Rate

2.85%

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 Waldwick, Bergen County, New Jersey

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
07463	2.85%	2.85%	2.85%	2.85%	2.85%

Source: Ownwell

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

When examining property taxes in Waldwick, 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 March. 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 Waldwick.

For example, the median home price in Waldwick is $411,550, with tax bills ranging significantly across the county. 07463 has the highest median home price at $411,550.

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

Source: Ownwell

$256,600

$1,236,600

$2,216,600

Median Waldwick Market Value

$411,550

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 Waldwick, Bergen County, New Jersey

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
07463	$322,400	$359,825	$411,550	$483,300	$549,750

Source: Ownwell

Property Tax Bills Across Waldwick, Bergen County, New Jersey

In Waldwick, NJ, property tax bills are calculated based on the assessed value of a property, which is determined by the local tax assessor. This assessed value is then multiplied by the tax rate set by Bergen County. In Waldwick, the median property tax bill is $11,717, significantly higher than the national median of $2,400. This disparity highlights the financial burden faced by homeowners in the area. Factors influencing the tax bill include the property's location, size, and market conditions. The 25th percentile tax bill is $10,245, while the 75th percentile reaches $13,750, with the 90th percentile climbing to $15,650, indicating a wide range of tax liabilities among homeowners. Ownwell assists homeowners in Waldwick by providing property tax appeal services, potentially reducing their tax burden. By analyzing the assessed value and market conditions, Ownwell identifies opportunities for savings, helping homeowners navigate the complex property tax system and ensuring they pay only their fair share.

Property Tax Bills Across Waldwick, Bergen County, New Jersey

Source: Ownwell

$4,393

$11,280

$18,167

Median Waldwick Tax Bill

$11,717

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 Waldwick, Bergen County, New Jersey

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
07463	$9,175	$10,245	$11,717	$13,750	$15,650

Source: Ownwell