Harrisonville, New Jersey Property Taxes
The median property tax rate in Harrisonville, NJ is 2.27%, considerably higher than both the national median of 0.99% and the New Jersey state median of 2.82%. With the median home value in Harrisonville, the typical annual property tax bill reaches $6,521, exceeding the national median of $2,690. Property taxes in Harrisonville 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 Harrisonville'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 Harrisonville 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
Harrisonville, New Jersey Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.27%
Estimate Property Tax Bill
$6,512
Ownwell’s Harrisonville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Harrisonville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Harrisonville 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 Harrisonville, New Jersey
Property taxes in Harrisonville, New Jersey, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Harrisonville is 2.27%, significantly higher than both the New Jersey state median and the U.S. national median of 0.99%. Local government entities within Harrisonville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Harrisonville 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 Harrisonville's effective property tax rate to other counties in New Jersey and the national median. For comparison, the 08039 zip code has the highest median property tax rate of 2.27%, while the same zip code also has the lowest median tax rate of 2.27%. Understanding how these cities compare with Harrisonville provides valuable insights into the varying tax landscape across Gloucester County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Harrisonville Tax Rate
2.27%
Average Gloucester County Tax Rate
2.83%
Average New Jersey Tax Rate
2.82%
Average United States Tax Rate
0.99%
Property Tax Rates Across Harrisonville, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 08039 | 2.27% | 2.27% | 2.27% | 2.27% | 2.27% |
Source: Ownwell
Property Tax Assessment Values Across Harrisonville, New Jersey
In Harrisonville, 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 Gloucester County 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 Harrisonville, 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 Harrisonville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in the area is $286,853, with tax bills ranging from $5,373 at the 25th percentile to $9,637 at the 90th percentile. Notably, the highest and lowest median tax bills in the area are both $6,521, found in zip code 08039.
Property Tax Assessment Values Across Harrisonville, New Jersey
Source: Ownwell
$118,344
$296,046
$473,747
Average Harrisonville Assessed Value
$286,853
Average Gloucester County Assessed Value
$246,529
Average New Jersey Assessed Value
$282,900
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Harrisonville, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 08039 | $218,875 | $236,342 | $286,853 | $349,860 | $423,873 |
Source: Ownwell
Property Tax Bills Across Harrisonville, New Jersey
In Harrisonville, located in Gloucester County, 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 tax assessor and is intended to reflect the market value of the property. The tax rate is applied to this assessed value to calculate the annual tax bill. Homeowners in Harrisonville experience varying tax bills, with the 25th percentile at $5,373 and the 75th percentile at $7,954. The 90th percentile sees bills as high as $9,637. These figures highlight the substantial impact property taxes can have on household budgets, especially when compared to the national median property tax rate of 0.99%. For homeowners, understanding these factors is crucial as they directly influence the annual financial obligations tied to property ownership. High property taxes can affect the overall affordability of owning a home in Harrisonville, making it essential for residents to stay informed about their property assessments and tax rates.
Average Harrisonville Tax Bill
$6,521
Average Gloucester County Tax Bill
$7,106
Average New Jersey Tax Bill
$8,227
Average United States Tax Bill
$2,690
Property Tax Bills Across Harrisonville, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 08039 | $4,976 | $5,373 | $6,521 | $7,954 | $9,637 |
Source: Ownwell