Maple Shade, New Jersey Property Taxes
The median property tax rate in Maple Shade, NJ is 3.63%, significantly higher than both the national median of 0.99% and New Jersey's state median of 2.82%. With a median home value of $158,000 in Maple Shade, the typical annual property tax bill reaches $5,734, far exceeding the national median of $2,690. Property taxes in Maple Shade are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Maple Shade's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Maple Shade or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Maple Shade, New Jersey Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.63%
Estimate Property Tax Bill
$5,735
$5,322
Ownwell’s Maple Shade Property Tax Bill Calculator is an essential tool for homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Maple Shade. By simply inputting your property's estimated assessed value, the calculator uses the median tax rate in Maple Shade to provide an accurate estimate of your property tax bill. This practical tool aids in understanding potential tax liabilities and planning accordingly. For those interested in more detailed insights, you can explore trends on a neighborhood level by scrolling down. Your property’s assessed value, determined by Burlington County, is used for property tax calculations and includes any applicable exemptions.
Property Tax Rates Across Maple Shade, New Jersey
Property taxes in Maple Shade, New Jersey, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Maple Shade is 3.63%, significantly higher than the U.S. national median of 0.99%. Local government entities within Maple Shade set these rates annually, and they can vary significantly across different neighborhoods. Each year, Maple Shade estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Maple Shade's effective property tax rate to other areas in Burlington County and the national median. For comparison, Maple Shade has both the highest and lowest median property tax rate in the county, with a uniform rate of 3.63%. Understanding how these rates compare with Maple Shade provides valuable insights into the varying tax landscape across Burlington County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Maple Shade Tax Rate
3.63%
Average Burlington County Tax Rate
3.07%
Average New Jersey Tax Rate
2.82%
Average United States Tax Rate
0.99%
Property Tax Rates Across Maple Shade, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 08052 | 3.63% | 3.63% | 3.63% | 3.63% | 3.63% |
Source: Ownwell
Property Tax Assessment Values Across Maple Shade, New Jersey
In Maple Shade, New Jersey, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Burlington County Assessor for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In Maple Shade, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. The median home price in Maple Shade is $158,000, and the median tax bill is $5,734. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Maple Shade, New Jersey
Source: Ownwell
$151,800
$279,500
$407,200
Average Maple Shade Assessed Value
$158,000
Average Burlington County Assessed Value
$210,600
Average New Jersey Assessed Value
$282,900
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Maple Shade, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 08052 | $100,400 | $130,400 | $158,000 | $189,600 | $221,700 |
Source: Ownwell
Property Tax Bills Across Maple Shade, New Jersey
In Maple Shade, NJ, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the Burlington County tax assessor, who evaluates various factors such as the property's size, age, location, and condition. Once the assessed value is established, it is multiplied by the local tax rate to determine the annual property tax bill. For example, with a median home price of $158,000, homeowners in Maple Shade can expect a median tax bill around $5,734, which is significantly higher than the national median property tax rate of 0.99%. Property tax bills in Maple Shade can vary widely, with the 25th percentile at $4,739 and the 75th percentile at $6,888, reaching up to $8,045 at the 90th percentile. These taxes fund essential local services such as schools, public safety, and infrastructure, directly impacting the quality of life for residents. Homeowners need to consider these factors when budgeting for annual expenses.
Average Maple Shade Tax Bill
$5,734
Average Burlington County Tax Bill
$6,846
Average New Jersey Tax Bill
$8,227
Average United States Tax Bill
$2,690
Property Tax Bills Across Maple Shade, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 08052 | $3,651 | $4,739 | $5,734 | $6,888 | $8,045 |
Source: Ownwell