East Orange, New Jersey Property Taxes
The median property tax rate in East Orange, NJ is 2.91%, significantly higher than both the national median of 0.99% and the New Jersey state median of 2.82%. With the median home value in East Orange at $329,900, the typical annual property tax bill reaches $9,574, far exceeding the national median of $2,690. Property taxes in East Orange are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding East Orange'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 East Orange 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
East Orange, New Jersey Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.91%
Estimate Property Tax Bill
$9,600
Ownwell’s East Orange Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in East Orange with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in East Orange 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 East Orange, New Jersey
Property taxes in East Orange, New Jersey, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in East Orange is 2.91%, significantly higher than both the New Jersey state median and the U.S. national median of 0.99%. Local government entities within East Orange set these rates annually, and they can vary significantly across different neighborhoods. Each year, East Orange 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 East Orange's effective property tax rate to other areas in New Jersey and the national median. For comparison, the 07019 zip code has the highest median property tax rate of 3.85%, while the 07017 zip code has the lowest median tax rate of 2.91%. Understanding how these areas compare with East Orange provides valuable insights into the varying tax landscape across Essex County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average East Orange Tax Rate
2.91%
Average Essex County Tax Rate
3.51%
Average New Jersey Tax Rate
2.82%
Average United States Tax Rate
0.99%
Property Tax Rates Across East Orange, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 07017 | 2.91% | 2.91% | 2.91% | 2.91% | 2.91% |
| 07018 | 2.91% | 2.91% | 2.91% | 2.91% | 2.91% |
| 07019 | 3.58% | 3.68% | 3.85% | 3.85% | 3.85% |
Source: Ownwell
Property Tax Assessment Values Across East Orange, New Jersey
In East Orange, 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 Essex 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 East Orange, 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 East Orange helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the highest median tax bill is $13,618 in zip code 07019, while the lowest is $9,442 in zip code 07018.
Property Tax Assessment Values Across East Orange, New Jersey
Source: Ownwell
$16,100
$687,250
$1,358,400
Average East Orange Assessed Value
$329,900
Average Essex County Assessed Value
$335,900
Average New Jersey Assessed Value
$282,900
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across East Orange, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 07017 | $176,400 | $271,000 | $332,300 | $386,775 | $438,690 |
| 07018 | $225,200 | $273,900 | $325,100 | $378,200 | $428,020 |
| 07019 | $288,440 | $324,350 | $384,200 | $386,250 | $387,480 |
Source: Ownwell
Property Tax Bills Across East Orange, New Jersey
In East Orange, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. This assessed value is then multiplied by the local tax rate to produce the annual tax bill. The median home price in East Orange is $329,900, significantly influencing the tax bill. Factors such as property size, location, and any improvements or renovations are considered in the assessment process. Homeowners in East Orange face a range of tax bills, with the 25th percentile at $7,910 and the 75th percentile reaching $11,137. At the 90th percentile, tax bills can soar to $12,675. Comparatively, East Orange's tax rates are higher than the national median property tax rate of 0.99%, reflecting the broader trends in Essex County. The highest median tax bill in the area is found in the 07019 zip code at $13,618, while the lowest is in the 07018 zip code at $9,442. These high property taxes can significantly impact homeowners, affecting affordability and overall financial planning.
Average East Orange Tax Bill
$9,574
Average Essex County Tax Bill
$11,297
Average New Jersey Tax Bill
$8,227
Average United States Tax Bill
$2,690
Property Tax Bills Across East Orange, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 07017 | $5,195 | $7,883 | $9,646 | $11,220 | $12,746 |
| 07018 | $6,525 | $7,944 | $9,442 | $10,980 | $12,426 |
| 07019 | $10,872 | $11,902 | $13,618 | $14,207 | $14,560 |
Source: Ownwell