West Caldwell, Essex County, New Jersey Property Taxes
Median West Caldwell, NJ effective property tax rate: 2.66%, significantly higher than the national median of 1.02%, but lower than the New Jersey state median of 2.82%.
Median West Caldwell, NJ home value: $433,800
Median annual West Caldwell, NJ tax bill: $11,525, $9,125 higher than the national median property tax bill of $2,400.
How are property taxes in Essex County calculated?
Property taxes in West Caldwell, 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 West Caldwell’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in West Caldwell, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
West Caldwell, Essex County, New Jersey Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
2.66%
Estimate Property Tax Bill
$11,539
$10,708
Property Tax Rates Across West Caldwell, Essex County, New Jersey
Local government entities set tax rates, which can vary widely within a state. This variation occurs because 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.
West Caldwell in Essex County, New Jersey, has an effective property tax rate that stands out when compared to other cities in the state and across the nation. The median property tax rate in New Jersey is significantly higher than the national median of 1.02%. This means that homeowners in West Caldwell face a higher property tax burden compared to those in many other parts of the country. Understanding these differences can help property owners make informed decisions about property investments and tax appeals. Comparing West Caldwell’s property tax rate to the national median highlights the importance of exploring property tax exemptions and appeals to potentially reduce this financial burden.
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 West Caldwell Tax Rate
2.66%
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 Essex County Tax Rate
3.51%
Median Effective New Jersey Tax Rate
2.82%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across West Caldwell, Essex County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 07006 | 2.66% | 2.66% | 2.66% | 2.66% | 2.66% |
Source: Ownwell
Property Tax Assessment Values Across West Caldwell, Essex County, New Jersey
When examining property taxes in West Caldwell, 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 Essex 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 Essex County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of March. 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 West Caldwell.
For example, the median home price in West Caldwell is $433,800, with tax bills ranging significantly across the county. 07006 has the highest median home price at $433,800.
Property Tax Assessment Values Across West Caldwell, Essex County, New Jersey
Source: Ownwell
$139,900
$749,150
$1,358,400
Median West Caldwell Market Value
$433,800
Median Essex County Market Value
$335,900
Median New Jersey Market Value
$282,900
Median United States Market Value
$235,294
Property Tax Assessment Values Across West Caldwell, Essex County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 07006 | $308,160 | $360,400 | $433,800 | $508,650 | $580,280 |
Source: Ownwell
Property Tax Bills Across West Caldwell, Essex County, New Jersey
Property Tax Bills Across West Caldwell, Essex County, New Jersey
Source: Ownwell
$5,626
$17,613
$29,600
Median West Caldwell Tax Bill
$11,525
Median Essex County Tax Bill
$11,297
Median New Jersey Tax Bill
$8,227
Median United States Tax Bill
$2,400
Property Tax Bills Across West Caldwell, Essex County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 07006 | $8,174 | $9,567 | $11,525 | $13,517 | $15,424 |
Source: Ownwell