Cedar Brook, Camden County, New Jersey Property Taxes

Name: Property Tax Bills Across Cedar Brook, Camden County, New Jersey
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Cedar Brook, NJ effective property tax rate: 2.95%, significantly higher than the national median of 1.02%, but lower than the New Jersey state median of 2.82%. Median Cedar Brook, NJ home value: $231,602. Median annual Cedar Brook, NJ tax bill: $6,827, $4,427 higher than the national median property tax bill of $2,400. How are property taxes in Camden calculated? Property taxes in Cedar Brook, 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 Cedar Brook’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Cedar Brook, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Cedar Brook, Camden County, New Jersey Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.95%

Estimate Property Tax Bill

$6,832

$6,340

Ownwell’s Cedar Brook Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Cedar Brook with just two data points. By entering your property's estimated assessed value, our calculator applies Cedar Brook’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your 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 Camden. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Cedar Brook, Camden County, New Jersey

Local government entities set tax rates, which can vary widely within a state. This is largely because each county annually estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction, resulting 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 Cedar Brook, located in Camden County, New Jersey, the property tax rate is notably higher than the national median. With a median tax rate of 2.95%, Cedar Brook residents face a property tax rate that significantly exceeds the U.S. median of 1.02%. This higher rate reflects the local government's budgetary needs and the total assessed property value in the area. When compared with other cities in New Jersey and the national average, Cedar Brook's property tax rate underscores the importance of understanding local tax dynamics and exploring potential opportunities for property tax appeals and exemptions.

Property Tax Rates Across Cedar Brook, Camden County, New Jersey

Source: Ownwell

2.75%

3.65%

4.54%

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 Cedar Brook Tax Rate

2.95%

Median Effective Camden County Tax Rate

3.17%

Median Effective New Jersey Tax Rate

2.82%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Cedar Brook, Camden County, New Jersey

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
08018	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Cedar Brook, Camden County, New Jersey

When examining property taxes in Cedar Brook, 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 Camden County Board of Taxation 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 Camden 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 Cedar Brook.

For example, the median home price in Cedar Brook is $231,602, with tax bills ranging significantly across the county.

Property Tax Assessment Values Across Cedar Brook, Camden County, New Jersey

Source: Ownwell

$54,570

$257,531

$460,492

Median Cedar Brook Market Value

$231,602

Median Camden County Market Value

$216,803

Median New Jersey Market Value

$282,900

Median United States Market Value

$235,294

Property Tax Assessment Values Across Cedar Brook, Camden County, New Jersey

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
08018	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Cedar Brook, Camden County, New Jersey

In Cedar Brook, Camden County, NJ, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. The assessed value is a percentage of the market value, and local authorities set the tax rate. Cedar Brook's property tax bills are notably higher than the national median, with the 25th percentile tax bill at $4,519 and the 75th percentile reaching $11,298. This difference can significantly impact homeowners, especially when compared to the national median property tax bill of $2,400. Homeowners in Cedar Brook face a substantial financial burden due to these high property taxes. However, Ownwell can help alleviate this burden by offering property tax appeal and exemption services. By reviewing property assessments and identifying discrepancies, Ownwell can potentially lower tax bills, providing homeowners with much-needed relief. With expert guidance, homeowners can ensure they are not overpaying on their property taxes, ultimately saving money and reducing financial stress.

Property Tax Bills Across Cedar Brook, Camden County, New Jersey

Source: Ownwell

$1,531

$7,292

$13,052

Median Cedar Brook Tax Bill

$6,827

Median Camden County Tax Bill

$7,089

Median New Jersey Tax Bill

$8,227

Median United States Tax Bill

$2,400

Property Tax Bills Across Cedar Brook, Camden County, New Jersey

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
08018	N/A	N/A	N/A	N/A	N/A

Source: Ownwell