Tabernacle, Burlington County, New Jersey Property Taxes
Median Tabernacle, NJ effective property tax rate: 2.94%, significantly higher than the national median of 1.02%, but lower than the NJ state median of 2.82%.
Median Tabernacle, NJ home value: $259,500
Median annual Tabernacle, NJ tax bill: $7,640, $5,240 higher than the national median property tax bill of $2,400.
How are property taxes in Burlington calculated?
Property taxes in Tabernacle, 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 Tabernacle’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Tabernacle, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Tabernacle, Burlington County, New Jersey Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
2.94%
Estimate Property Tax Bill
$7,629
$7,080
Property Tax Rates Across Tabernacle, Burlington County, New Jersey
Local government entities set tax rates, which can vary widely within a state. Each county estimates its required budget annually 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 there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.
In Tabernacle, Burlington County, NJ, the effective property tax rate is significantly higher than the national median of 1.02%. The median property tax rate in NJ stands at 2.94%, which is notably above the national average. This means that homeowners in Tabernacle face property tax bills that are considerably higher than those paid by homeowners in other parts of the country. Such a high tax rate can impact the overall cost of homeownership, making it essential for property owners to explore potential exemptions and appeals to mitigate their tax burden. By understanding how these rates compare to the national median, homeowners can better navigate their financial planning and explore opportunities for savings.
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 Tabernacle Tax Rate
2.94%
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 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 Tabernacle, Burlington County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 08088 | 2.94% | 2.94% | 2.94% | 2.94% | 2.94% |
Source: Ownwell
Property Tax Assessment Values Across Tabernacle, Burlington County, New Jersey
When examining property taxes in Tabernacle, 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 Tabernacle.
For example, the median home price in Tabernacle is $259,500, with tax bills ranging significantly across the county. The 08088 zip code has the highest median home price at $259,500.
Property Tax Assessment Values Across Tabernacle, Burlington County, New Jersey
Source: Ownwell
$151,800
$279,500
$407,200
Median Tabernacle Market Value
$259,500
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 Tabernacle, Burlington County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 08088 | $166,360 | $208,200 | $259,500 | $317,450 | $386,920 |
Source: Ownwell
Property Tax Bills Across Tabernacle, Burlington County, New Jersey
Property Tax Bills Across Tabernacle, Burlington County, New Jersey
Source: Ownwell
$2,983
$7,892
$12,800
Median Tabernacle Tax Bill
$7,640
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 Tabernacle, Burlington County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 08088 | $4,894 | $6,125 | $7,640 | $9,351 | $11,383 |
Source: Ownwell