Stratford, New Jersey Property Taxes
The median property tax rate in Stratford, NJ is 3.62%, 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 Stratford at $206,006, the typical annual property tax bill reaches $7,451, far exceeding the national median of $2,690. Property taxes in Stratford 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 Stratford'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 Stratford 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
Stratford, New Jersey Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.62%
Estimate Property Tax Bill
$7,457
Ownwell’s Stratford Property Tax Bill Calculator is an invaluable tool for homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Stratford with just two data points. Simply enter your property's estimated assessed value, and the calculator will apply the median tax rate in Stratford to provide an estimate of your property tax bill. This insightful tool aids in understanding potential tax liabilities, allowing for better financial planning. For those interested in more granular trends, localized neighborhood information is available below. Your property’s assessed value, assigned by Camden County, is crucial for property tax calculations and considers any applicable exemptions.
Property Tax Rates Across Stratford, New Jersey
Property taxes in Stratford, New Jersey, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Stratford is 3.62%, significantly higher than both the New Jersey state median and the U.S. national median of 0.99%. Local government entities within Stratford set these rates annually, and they can vary significantly across different neighborhoods. Each year, Stratford 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 Stratford's effective property tax rate to other areas in Camden County and the national median. For comparison, the 08084 zip code has the highest median property tax rate of 3.62%, while the same zip code also has the lowest median tax rate of 3.62%. Understanding how these cities compare with Stratford 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 Stratford Tax Rate
3.62%
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 Stratford, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 08084 | 3.62% | 3.62% | 3.62% | 3.62% | 3.62% |
Source: Ownwell
Property Tax Assessment Values Across Stratford, New Jersey
In Stratford, 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 Camden 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 Stratford, 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. For example, the highest median tax bill in Stratford is $7,451 in the 08084 zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Stratford Assessed Value
$206,006
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 Stratford, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 08084 | $147,987 | $178,658 | $206,006 | $224,824 | $244,332 |
Source: Ownwell
Property Tax Bills Across Stratford, New Jersey
In Stratford, Camden County, NJ, property tax bills are calculated based on the assessed value of a home and the local tax rate. The median home price in Stratford is $206,006, and property tax rates here are notably higher than the national median property tax rate of 0.99%. Homeowners in this region can expect a substantial tax bill, with the 25th percentile tax bill at $6,462 and the 75th percentile reaching $8,130. The top 10% of tax bills soar to $8,833, reflecting the significant impact of local property taxes on homeowners. Several factors influence the tax bill, including the property's assessed value, which is determined by local assessors, and the tax rate set by local government entities. These funds are crucial for supporting public services such as schools, infrastructure, and emergency services. Therefore, homeowners in Stratford need to be prepared for higher-than-average property taxes, which play a vital role in maintaining the community's quality of life.
Average Stratford Tax Bill
$7,451
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 Stratford, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 08084 | $5,371 | $6,462 | $7,451 | $8,130 | $8,833 |
Source: Ownwell