Wyckoff, Bergen County, New Jersey Property Taxes
Median Wyckoff, NJ effective property tax rate: 1.84%, significantly higher than the national median of 1.02%, but lower than the New Jersey state median of 2.82%.
Median Wyckoff, NJ home value: $726,400
Median annual Wyckoff, NJ tax bill: $13,380, $10,980 higher than the national median property tax bill of $2,400.
How are property taxes in Bergen calculated?
Property taxes in Wyckoff, 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 Wyckoff’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Wyckoff, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Wyckoff, Bergen County, New Jersey Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.84%
Estimate Property Tax Bill
$13,366
$12,403
Ownwell’s Wyckoff Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Wyckoff with just two data points.
By entering your property's estimated assessed value, our calculator applies Wyckoff’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 Wyckoff, Bergen County, New Jersey
Local government entities set property tax rates, leading to significant variation within a state. This variation stems from each county's annual process of estimating its budget for services and dividing that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. While votes and laws play roles in determining these rates and budgets, this is the core annual process.
In Wyckoff, located in Bergen County, New Jersey, the effective property tax rate stands at 1.84%, which is notably higher than the national median property tax rate of 1.02%. This rate is consistent across the area, as both the highest and lowest median tax rates in the region are the same. When compared to other cities in New Jersey and the national average, Wyckoff's property tax rate is significantly higher, reflecting the local government's budgetary needs and the total value of taxable property. Understanding these differences can help property owners make informed decisions about their investments and financial planning.
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 Wyckoff Taxx Rate
1.84%
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 Taxx Rate
2.73%
Median Effective New Jersey Tax Rate
2.82%
Median Effective United States Tax Rate
0.99%
Property Tax Rates Across Wyckoff, Bergen County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 07481 | 1.84% | 1.84% | 1.84% | 1.84% | 1.84% |
Source: Ownwell
Property Tax Assessment Values Across Wyckoff, Bergen County, New Jersey
When examining property taxes in Wyckoff, 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 Wyckoff. For example, the median home price in Wyckoff is $726,400, with tax bills ranging significantly across the county. Zip code 07481 has the highest median home price at $726,400.
Property Tax Assessment Values Across Wyckoff, Bergen County, New Jersey
Source: Ownwell
$256,600
$1,236,600
$2,216,600
Median Wyckoff Market Value
$726,400
Median Bergen County Market Value
$421,800
Median New Jersey Market Value
$282,900
Median United States Market Value
$244,900
Property Tax Assessment Values Across Wyckoff, Bergen County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 07481 | $497,710 | $595,050 | $726,400 | $933,525 | $1,188,790 |
Source: Ownwell
Property Tax Bills Across Wyckoff, Bergen County, New Jersey
In Wyckoff, Bergen County, NJ, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. The assessed value is a percentage of the market value, which can fluctuate based on housing market trends. Homeowners in Wyckoff face a median property tax bill of $13,380, significantly higher than the national median of $2,400, reflecting the area's higher home values. Factors influencing the tax bill include property size, location, and any improvements made to the home. With the 25th percentile tax bill at $10,960 and the 75th percentile at $17,196, it's clear that property taxes can vary widely even within this community, impacting homeowners' financial planning significantly.
Ownwell can assist homeowners in Wyckoff by reviewing their property assessments and identifying potential savings through appeals. By leveraging expert knowledge and experience, Ownwell ensures that homeowners are not overpaying on their property taxes, potentially saving them thousands annually. This service is invaluable for those looking to optimize their property tax expenses and maintain financial stability.
Median Wyckoff Tax Bill
$13,380
Median Bergen County Tax Bill
$11,253
Median New Jersey Tax Bill
$8,227
Median United States Tax Bill
$2,690
Property Tax Bills Across Wyckoff, Bergen County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 07481 | $9,168 | $10,960 | $13,380 | $17,196 | $21,905 |
Source: Ownwell