Mount Laurel, Burlington County, New Jersey Property Taxes

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

Median Mount Laurel, NJ effective property tax rate: 3.03%, significantly higher than the national median of 1.02%, but lower than the NJ state median of 2.82%.
Median Mount Laurel, NJ home value: $205,700
Median annual Mount Laurel, NJ tax bill: $6,238, $3,838 higher than the national median property tax bill of $2,400.

How are property taxes in Burlington calculated?

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

Last Updated March 1, 2025

Mount Laurel, Burlington County, New Jersey Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

3.03%

Estimate Property Tax Bill

$6,233

$5,784

Ownwell’s Mount Laurel Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Mount Laurel with just two data points. By entering your property's estimated assessed value, our calculator applies Mount Laurel’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value—determined by Burlington 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 Mount Laurel, Burlington County, New Jersey

Local government entities set tax rates, which can vary widely within a state. This is because annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While votes and laws play a role in setting tax rates and budgets, this is the annual process in a nutshell.

In Mount Laurel, located in Burlington County, the effective property tax rate stands at 3.03%, which is significantly higher than the national median property tax rate of 1.02%. This rate is consistent across the region, as Mount Laurel also holds both the highest and lowest median tax rate in the area. When compared to other cities in New Jersey, Mount Laurel's property tax rate remains at the higher end of the spectrum. Homeowners in this area face a property tax bill that is substantially above the national median of $2,400, reflecting the local government's budgetary needs and the assessed value of properties.

Property Tax Rates Across Mount Laurel, 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 Mount Laurel Tax Rate

3.03%

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 Mount Laurel, Burlington County, New Jersey

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
08054	3.03%	3.03%	3.03%	3.03%	3.03%

Source: Ownwell

Property Tax Assessment Values Across Mount Laurel, Burlington County, New Jersey

When examining property taxes in Mount Laurel, 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.

In Burlington 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 Mount Laurel. For example, the median home price in Mount Laurel is $205,700, with tax bills ranging significantly across the county. The 08054 zip code has the highest median home price at $205,700.

Property Tax Assessment Values Across Mount Laurel, Burlington County, New Jersey

Source: Ownwell

$151,800

$279,500

$407,200

Median Mount Laurel Market Value

$205,700

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 Mount Laurel, Burlington County, New Jersey

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
08054	$116,400	$151,200	$205,700	$289,800	$411,920

Source: Ownwell

Property Tax Bills Across Mount Laurel, Burlington County, New Jersey

In Mount Laurel, NJ, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. This value is then multiplied by the local tax rate to determine the annual tax bill. With a median home price of $205,700, homeowners in Mount Laurel face property tax bills that can vary significantly. The 25th percentile tax bill is $4,584, while the 75th percentile reaches $8,779, and the 90th percentile soars to $12,487. Notably, the median property tax bill in the area is $6,238, which is significantly higher than the national median of $2,400. High property taxes can place a considerable financial burden on homeowners. Ownwell assists homeowners by providing property tax appeal and exemption services, potentially reducing their tax liabilities. By leveraging expert knowledge and local data, Ownwell can help ensure that homeowners are not overpaying on their property taxes, offering a much-needed financial relief in a high-tax region.

Property Tax Bills Across Mount Laurel, Burlington County, New Jersey

Source: Ownwell

$2,983

$7,892

$12,800

Median Mount Laurel Tax Bill

$6,238

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 Mount Laurel, Burlington County, New Jersey

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
08054	$3,525	$4,584	$6,238	$8,779	$12,487

Source: Ownwell