Gibbstown, Gloucester County, New Jersey Property Taxes

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

Median Gibbstown, NJ effective property tax rate: 2.97%, significantly higher than the national median of 1.02%, but lower than the New Jersey state median of 2.82%.
Median Gibbstown, NJ home value: $180,818
Median annual Gibbstown, NJ tax bill: $5,356, $2,956 higher than the national median property tax bill of $2,400.

How are property taxes in Gloucester calculated?

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

Last Updated March 1, 2025

Gibbstown, Gloucester County, New Jersey Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.97%

Estimate Property Tax Bill

$5,370

$4,983

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

Property Tax Rates Across Gibbstown, Gloucester County, New Jersey

Local government entities determine tax rates, leading to significant variations within a state. Each year, counties estimate their budget needs for public services and divide this by the total assessed value of all taxable property within their borders, resulting in the property tax rate. Though the setting of tax rates and budgets involves votes and legislation, this is the core of the annual process.

In Gibbstown, located in Gloucester County, the effective property tax rate is 2.97%, making it one of the highest in New Jersey. This rate is significantly above the national median property tax rate of 1.02%, highlighting the disparity between local and national property tax obligations. Property owners in Gibbstown can expect to pay more than double the national median tax bill of $2,400. Such a high rate underscores the importance of exploring property tax appeals and exemptions to alleviate financial burdens. Comparing Gibbstown's tax rate to other cities in New Jersey and the national median offers insight into the local tax landscape, emphasizing the need for strategic property tax management.

Property Tax Rates Across Gibbstown, Gloucester County, New Jersey

Source: Ownwell

1.66%

2.86%

4.07%

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 Gibbstown Tax Rate

2.97%

Median Effective Gloucester County Tax Rate

2.83%

Median Effective New Jersey Tax Rate

2.82%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Gibbstown, Gloucester County, New Jersey

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
08027	2.97%	2.97%	2.97%	2.97%	2.97%

Source: Ownwell

Property Tax Assessment Values Across Gibbstown, Gloucester County, New Jersey

When examining property taxes in Gibbstown, 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 Gloucester 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 Gloucester 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 Gibbstown. For example, the median home price in Gibbstown is $180,818, with tax bills ranging significantly across the county. 08027 has the highest median home price at $180,818.

Property Tax Assessment Values Across Gibbstown, Gloucester County, New Jersey

Source: Ownwell

$118,344

$277,968

$437,591

Median Gibbstown Market Value

$180,818

Median Gloucester County Market Value

$246,529

Median New Jersey Market Value

$282,900

Median United States Market Value

$235,294

Property Tax Assessment Values Across Gibbstown, Gloucester County, New Jersey

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
08027	$124,923	$147,877	$180,818	$211,450	$241,201

Source: Ownwell

Property Tax Bills Across Gibbstown, Gloucester County, New Jersey

In Gibbstown, located in Gloucester County, NJ, property tax bills are calculated based on the assessed value of a home. This assessed value is determined by local tax assessors and reflects the home's market value. The tax rate is applied to this assessed value to determine the annual tax bill. Factors such as property size, location, and improvements can influence the assessed value, affecting the tax bill. Homeowners in Gibbstown face a median property tax bill of $5,356, significantly higher than the national median of $2,400. This can pose a substantial financial burden, especially when compared to the national median property tax rate of 1.02%. Ownwell assists homeowners by providing property tax appeal services, potentially lowering their tax burden. By analyzing property assessments and market conditions, Ownwell identifies opportunities for tax reductions, helping homeowners save money. With expertise in property tax laws and appeals, Ownwell ensures that homeowners pay only their fair share, offering a valuable service in managing property tax expenses.

Property Tax Bills Across Gibbstown, Gloucester County, New Jersey

Source: Ownwell

$2,963

$6,922

$10,881

Median Gibbstown Tax Bill

$5,356

Median Gloucester County Tax Bill

$7,106

Median New Jersey Tax Bill

$8,227

Median United States Tax Bill

$2,400

Property Tax Bills Across Gibbstown, Gloucester County, New Jersey

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
08027	$3,705	$4,381	$5,356	$6,270	$7,154

Source: Ownwell