Del Haven, New Jersey Property Taxes
The median property tax rate in Del Haven, NJ is 1.78%, considerably higher than the national median of 0.99% but lower than the New Jersey state median of 2.82%. With the median home value in Del Haven at $263,587, the typical annual property tax bill reaches $4,681, significantly exceeding the national median of $2,690. Property taxes in Del Haven 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 Del Haven'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 Del Haven 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
Del Haven, New Jersey Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.78%
Estimate Property Tax Bill
$4,692
$4,354
Ownwell’s Del Haven Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Del Haven with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Del Haven to provide an estimated property tax bill. This valuable tool helps you understand potential tax liabilities. For those interested in more localized information, you can explore neighborhood-level trends by scrolling down. Your property’s assessed value is determined by Cape May County for property tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across Del Haven, New Jersey
Property taxes in Del Haven, New Jersey, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Del Haven is 1.78%, significantly higher than the U.S. national median of 0.99%. Local government entities within Del Haven set these rates annually, and they can vary significantly across different neighborhoods. Each year, Del Haven 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 Del Haven's effective property tax rate to other counties in New Jersey and the national median. For comparison, the 08251 zip code has the highest median property tax rate of 1.78%, while the 08251 zip code also has the lowest median tax rate of 1.78%. Understanding how these cities compare with Del Haven provides valuable insights into the varying tax landscape across Cape May County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Del Haven Tax Rate
1.78%
Average Cape May County Tax Rate
1.07%
Average New Jersey Tax Rate
2.82%
Average United States Tax Rate
0.99%
Property Tax Rates Across Del Haven, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 08251 | 1.71% | 1.78% | 1.78% | 1.78% | 1.78% |
Source: Ownwell
Property Tax Assessment Values Across Del Haven, New Jersey
In Del Haven, 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 Cape May 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 Del Haven, 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 Del Haven helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Del Haven, the median home price is $263,587, with tax bills ranging from $4,241 at the 25th percentile to $9,305 at the 90th percentile. The zip code 08251 has the highest and lowest median tax bill at $4,681.
Average Del Haven Assessed Value
$263,587
Average Cape May County Assessed Value
$477,646
Average New Jersey Assessed Value
$282,900
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Del Haven, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 08251 | $229,929 | $239,398 | $263,587 | $401,230 | $589,691 |
Source: Ownwell
Property Tax Bills Across Del Haven, New Jersey
In Del Haven, NJ, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the local assessor's office and aims to reflect the market value of the property. Once the assessed value is established, the local tax rate is applied to this value to calculate the annual property tax bill. Homeowners in Del Haven, located in Cape May County, experience varying property tax bills. For instance, the 25th percentile tax bill is around $4,241, while those in the 75th percentile pay approximately $7,125. At the higher end, the 90th percentile tax bill reaches about $9,305. The median home price in Del Haven is $263,587, and the property tax rate here is notably higher than the national median rate of 0.99%. These property taxes fund essential public services such as schools, infrastructure, and emergency services, directly impacting the community's quality of life. Homeowners should be aware of these factors as they significantly affect their annual financial planning.
Average Del Haven Tax Bill
$4,681
Average Cape May County Tax Bill
$5,051
Average New Jersey Tax Bill
$8,227
Average United States Tax Bill
$2,690
Property Tax Bills Across Del Haven, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 08251 | $3,991 | $4,241 | $4,681 | $7,125 | $9,305 |
Source: Ownwell