Roebling, New Jersey Property Taxes
The median property tax rate in Roebling, NJ is 2.61%, considerably higher than both the national median of 0.99% and the New Jersey state median of 2.82%. With the median home value in Roebling, the typical annual property tax bill reaches $4,042, exceeding the national median of $2,690. Property taxes in Roebling are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Roebling'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 Roebling 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
Roebling, New Jersey Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.61%
Estimate Property Tax Bill
$4,040
$3,749
Ownwell’s Roebling Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Roebling with just two key inputs. By entering your property's estimated assessed value, the calculator applies the median tax rate in Roebling to estimate your property tax bill. This valuable tool provides clarity on potential tax liabilities, enabling you to make informed financial decisions. For those interested in neighborhood-specific trends, more localized information is available below. Your property’s assessed value, determined by Burlington County for tax calculations, includes any applicable exemptions, ensuring an accurate estimate for your property tax obligations.
Property Tax Rates Across Roebling, New Jersey
Property taxes in Roebling, New Jersey, are essential in funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Roebling is 2.61%, significantly higher than the U.S. national median of 0.99%. Local government entities within Roebling set these rates annually, and they can vary across different neighborhoods. Each year, Roebling 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 Roebling's effective property tax rate to other areas in Burlington County and the national median. For comparison, the zip code 08554 has both the highest and lowest median property tax rate of 2.61%. Understanding how these areas compare with Roebling 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 Roebling Tax Rate
2.61%
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 Roebling, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 08554 | 2.61% | 2.61% | 2.61% | 2.61% | 2.61% |
Source: Ownwell
Property Tax Assessment Values Across Roebling, New Jersey
In Roebling, 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 Appraisal District 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 Roebling, 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. Being aware of these valuation processes in Roebling helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Roebling are both $4042, found in zip code 08554.
Average Roebling Assessed Value
$154,800
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 Roebling, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 08554 | $111,100 | $131,100 | $154,800 | $214,150 | $291,200 |
Source: Ownwell
Property Tax Bills Across Roebling, New Jersey
Property tax bills in Roebling, NJ, are calculated based on the assessed value of a homeowner's property and the local tax rate set by Burlington County. The assessed value is determined by local assessors and reflects the market value of the home. Homeowners in Roebling face property tax bills that vary significantly, with the 25th percentile tax bill at $3,423 and the 75th percentile reaching $5,591. For those in the 90th percentile, the tax bill can climb to $7,603. These tax bills are influenced by several factors, including the property's assessed value, local tax rates, and any applicable exemptions or deductions. The median home price in Roebling is $154,800, and with a property tax rate that is notably higher than the national median of 0.99%, homeowners can expect their tax bills to be a substantial part of their annual expenses. This can significantly impact homeowners' budgets, making it essential to understand and possibly appeal property tax assessments to ensure fair taxation.
Average Roebling Tax Bill
$4,042
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 Roebling, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 08554 | $2,901 | $3,423 | $4,042 | $5,591 | $7,603 |
Source: Ownwell