Edgewater Park, Burlington County, New Jersey Property Taxes

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

Median Edgewater Park, NJ effective property tax rate: 3.42%, significantly higher than the national median of 1.02%, but lower than the New Jersey state median of 2.82%. Median Edgewater Park, NJ home value: $192,600. Median annual Edgewater Park, NJ tax bill: $6,589, $4,189 higher than the national median property tax bill of $2,400.

How are property taxes in Burlington calculated?

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

Last Updated March 1, 2025

Edgewater Park, Burlington County, New Jersey Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

3.42%

Estimate Property Tax Bill

$6,587

$6,112

Ownwell’s Edgewater Park Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Edgewater Park with just two data points. By entering your property's estimated assessed value, our calculator applies Edgewater Park’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 Burlington County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Edgewater Park, Burlington County, New Jersey

Local government entities determine tax rates, which can vary significantly within a state. Each county estimates its required budget for services annually and divides that 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 setting these rates and budgets, this is the essence of the annual process.

Edgewater Park in Burlington County, NJ, has a notably high effective property tax rate compared to other areas within the state and the nation. The median property tax rate in Edgewater Park is 3.42%, substantially higher than the national median of 1.02%. This elevated rate reflects the county's budgetary needs and the total value of taxable property. Consequently, residents may face higher property tax bills than the national median of $2400. Understanding these local tax dynamics is crucial for homeowners considering property tax appeals or seeking exemptions. By staying informed, residents can make better financial decisions and potentially reduce their property tax burden.

Property Tax Rates Across Edgewater Park, Burlington County, New Jersey

Source: Ownwell

1.28%

2.71%

4.13%

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 Edgewater Park Tax Rate

3.42%

Median Effective Burlington County Tax Rate

3.07%

Median Effective New Jersey Tax Rate

2.82%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Edgewater Park, Burlington County, New Jersey

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
08010	3.42%	3.42%	3.42%	3.42%	3.42%

Source: Ownwell

Property Tax Assessment Values Across Edgewater Park, Burlington County, New Jersey

When examining property taxes in Edgewater Park, 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 Burlington 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. Assessment notices: In Burlington 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 Edgewater Park. For example, the median home price in Edgewater Park is $192,600, with tax bills ranging significantly across the county. 08010 has the highest median home price at $192,600.

Property Tax Assessment Values Across Edgewater Park, Burlington County, New Jersey

Source: Ownwell

$151,800

$279,500

$407,200

Median Edgewater Park Market Value

$192,600

Median Burlington County Market Value

$210,600

Median New Jersey Market Value

$282,900

Median United States Market Value

$235,294

Property Tax Assessment Values Across Edgewater Park, Burlington County, New Jersey

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
08010	$160,460	$169,800	$192,600	$204,100	$219,920

Source: Ownwell

Property Tax Bills Across Edgewater Park, Burlington County, New Jersey

In Edgewater Park, Burlington County, NJ, property tax bills are determined by the assessed value of a home combined with the local tax rate. The median home price is $192,600, and the property tax rate significantly impacts homeowners' annual financial obligations. The median property tax bill is $6,589, which is considerably higher than the national median of $2,400. This reflects the state's higher tax rate compared to the national median rate of 1.02%. Factors influencing the tax bill include the home's assessed value, the local tax rate, and any applicable exemptions or deductions. Homeowners in Edgewater Park face substantial property tax bills, with the 25th percentile at $5,809 and the 90th percentile reaching $7,523.

Ownwell assists homeowners by identifying potential savings through property tax appeals and exemptions. By analyzing your property's assessed value and comparing it to similar properties, Ownwell can determine if your home is over-assessed. This process can lead to significant reductions in your property tax bill, offering financial relief in a state known for its high property taxes.

Property Tax Bills Across Edgewater Park, Burlington County, New Jersey

Source: Ownwell

$2,983

$7,892

$12,800

Median Edgewater Park Tax Bill

$6,589

Median Burlington County Tax Bill

$6,846

Median New Jersey Tax Bill

$8,227

Median United States Tax Bill

$2,400

Property Tax Bills Across Edgewater Park, Burlington County, New Jersey

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
08010	$5,489	$5,809	$6,589	$6,982	$7,523

Source: Ownwell