Audubon, New Jersey Property Taxes
The median property tax rate in Audubon, NJ is 3.18%, 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 Audubon at $243,742, the typical annual property tax bill reaches $7,751, exceeding the national median of $2,690. Property taxes in Audubon 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 Audubon'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 Audubon 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
Audubon, New Jersey Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.18%
Estimate Property Tax Bill
$7,751
Ownwell’s Audubon Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Audubon with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Audubon to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Audubon, New Jersey
Property taxes in Audubon, NJ, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Audubon is 3.18%, significantly higher than both the New Jersey state median and the U.S. national median of 0.99%. Local government entities within Audubon set these rates annually, and they can vary significantly across different neighborhoods. Each year, Audubon 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 Audubon's effective property tax rate to other counties in New Jersey and the national median. For comparison, the 08106 zip code has the highest median property tax rate of 3.18%, while the same zip code also has the lowest median tax rate of 3.18%. Understanding how these cities compare with Audubon provides valuable insights into the varying tax landscape across Camden County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Audubon Tax Rate
3.18%
Average Camden County Tax Rate
3.17%
Average New Jersey Tax Rate
2.82%
Average United States Tax Rate
0.99%
Property Tax Rates Across Audubon, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 08106 | 3.18% | 3.18% | 3.18% | 3.18% | 3.18% |
Source: Ownwell
Property Tax Assessment Values Across Audubon, New Jersey
In Audubon, 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 Camden County 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. Assessment notices in Audubon 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 Audubon helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 08106 in Audubon has the highest and lowest median tax bill, both at $7,751, which is significantly higher than the national median property tax rate of 0.99%.
Average Audubon Assessed Value
$243,742
Average Camden County Assessed Value
$216,803
Average New Jersey Assessed Value
$282,900
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Audubon, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 08106 | $187,239 | $218,006 | $243,742 | $274,632 | $309,178 |
Source: Ownwell
Property Tax Bills Across Audubon, New Jersey
In Audubon, NJ, located in Camden County, property tax bills are calculated based on the assessed value of a home multiplied by the local tax rate. The assessed value is determined by the local tax assessor and is meant to reflect the market value of the property. Several factors can influence this assessed value, including the size of the property, its location, and any improvements or renovations made. Homeowners in Audubon experience a range of property tax bills. For instance, the 25th percentile tax bill stands at $6,935, while the 75th percentile is $8,735, and the 90th percentile reaches $9,828. These figures highlight the variability depending on property value and other factors. Compared to the national median property tax rate of 0.99%, homeowners in Audubon often face higher tax bills, reflecting the region's property values and local tax rates. This can significantly impact homeowners' annual expenses, making property taxes an important consideration for current and prospective residents.
Average Audubon Tax Bill
$7,751
Average Camden County Tax Bill
$7,089
Average New Jersey Tax Bill
$8,227
Average United States Tax Bill
$2,690
Property Tax Bills Across Audubon, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 08106 | $5,956 | $6,935 | $7,751 | $8,735 | $9,828 |
Source: Ownwell