Millville, Cumberland County, New Jersey Property Taxes

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

Median Millville, NJ effective property tax rate: 2.86%, significantly higher than the national median of 1.02%, but slightly higher than the NJ state median of 2.82%.
Median Millville, NJ home value: $152,568
Median annual Millville, NJ tax bill: $4,316, $1,916 higher than the national median property tax bill of $2,400.

How are property taxes in Cumberland calculated?

Property taxes in Millville, 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 Millville’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Millville, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Millville, Cumberland County, New Jersey Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.86%

Estimate Property Tax Bill

$4,363

$4,049

Ownwell’s Millville Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Millville with just two data points. By entering your property's estimated assessed value, our calculator applies Millville’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 Cumberland County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Millville, Cumberland County, New Jersey

Local government entities set tax rates, which can vary widely within a state. Annually, each county estimates its required budget 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. Below, you can compare Millville’s effective property tax rate to other cities in New Jersey and the median property tax rates in New Jersey and the U.S.

Millville, located in Cumberland County, has a property tax rate of 2.86%, which is significantly higher than the national median of 1.02%. This means property owners in Millville are paying a higher percentage of their property's assessed value in taxes compared to the national average. This rate is consistent across the county, as both the highest and lowest median tax rates in the area are the same. Understanding these rates can help property owners make informed decisions about their investments and financial planning.

Property Tax Rates Across Millville, Cumberland County, New Jersey

Source: Ownwell

2.50%

2.86%

3.23%

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 Millville Tax Rate

2.86%

Median Effective Cumberland County Tax Rate

2.69%

Median Effective New Jersey Tax Rate

2.82%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Millville, Cumberland County, New Jersey

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
08332	2.70%	2.86%	2.86%	2.86%	2.87%

Source: Ownwell

Property Tax Assessment Values Across Millville, Cumberland County, New Jersey

When examining property taxes in Millville, 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 Cumberland 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 Cumberland 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 Millville. For example, the median home price in Millville is $152,568, with tax bills ranging significantly across the county. 08332 has the highest median home price at $152,568.

Property Tax Assessment Values Across Millville, Cumberland County, New Jersey

Source: Ownwell

$113,856

$190,277

$266,697

Median Millville Market Value

$152,568

Median Cumberland County Market Value

$168,564

Median New Jersey Market Value

$282,900

Median United States Market Value

$235,294

Property Tax Assessment Values Across Millville, Cumberland County, New Jersey

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
08332	$73,871	$108,901	$152,568	$208,419	$274,268

Source: Ownwell

Property Tax Bills Across Millville, Cumberland County, New Jersey

In Millville, NJ, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The tax rate is applied to this assessed value to calculate the annual tax bill. Several factors influence this assessment, including the property's location, size, and condition. In Millville, the median tax bill is $4,316, which is significantly higher than the national median of $2,400. This can be a substantial financial burden for homeowners, especially when compared to the national median property tax rate of 1.02%. With tax bills ranging from $3,098 at the 25th percentile to $7,745 at the 90th percentile, the impact on homeowners can vary widely.

Ownwell offers services to help homeowners in Millville potentially reduce their property tax bills. By providing expert analysis and representation, Ownwell assists in appealing property tax assessments, ensuring homeowners are not overpaying. This can lead to significant savings, alleviating some of the financial stress associated with high property tax bills in the area.

Property Tax Bills Across Millville, Cumberland County, New Jersey

Source: Ownwell

$3,272

$5,234

$7,195

Median Millville Tax Bill

$4,316

Median Cumberland County Tax Bill

$4,561

Median New Jersey Tax Bill

$8,227

Median United States Tax Bill

$2,400

Property Tax Bills Across Millville, Cumberland County, New Jersey

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
08332	$2,113	$3,098	$4,316	$5,918	$7,745

Source: Ownwell