Westville, New Jersey Property Taxes
The median property tax rate in Westville, NJ is 4.07%, 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 Westville at $164,230, the typical annual property tax bill reaches $5,910, far exceeding the national median of $2,690. Property taxes in Westville are calculated based on the tax assessed value, which usually falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Westville'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 Westville 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
Westville, New Jersey Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
4.07%
Estimate Property Tax Bill
$6,684
Ownwell’s Westville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Westville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Westville 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 Gloucester County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Westville, New Jersey
Property taxes in Westville, New Jersey, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Westville is 4.07%, significantly higher than both the New Jersey state median and the U.S. national median of 0.99%. Local government entities within Westville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Westville 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 Westville's effective property tax rate to other regions in Gloucester County and the national median. For comparison, the 08093 zip code has the highest median property tax rate of 4.07%, while the same zip code also has the lowest median tax rate of 4.07%. Understanding how these areas compare with Westville 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 Westville Tax Rate
4.07%
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 Westville, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 08093 | 2.84% | 2.84% | 4.07% | 4.07% | 4.07% |
Source: Ownwell
Property Tax Assessment Values Across Westville, New Jersey
In Westville, 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 Gloucester 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 Westville, 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 Westville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with both the highest and lowest median tax bill is 08093, with a median tax bill of $5,910.
Average Westville Assessed Value
$164,230
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 Westville, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 08093 | $110,703 | $139,252 | $164,230 | $197,528 | $239,310 |
Source: Ownwell
Property Tax Bills Across Westville, New Jersey
In Westville, located in Gloucester County, NJ, property tax bills are calculated by multiplying the assessed value of a home by the local tax rate. The assessed value is determined by the local tax assessor and is meant to reflect the market value of the property. Factors such as the home's size, location, and condition can influence its assessed value. For homeowners in Westville, the median home price stands at $164,230. Property tax bills vary widely, with the 25th percentile at $4,740 and the 75th percentile reaching $7,105. The 90th percentile tax bill can go up to $8,454, indicating a significant range based on property values and assessments. Compared to the national median property tax rate of 0.99%, homeowners in Westville may find their tax burdens higher or lower depending on specific assessments and local rates. These taxes contribute to public services such as schools, infrastructure, and emergency services, directly impacting the community's quality of life.
Average Westville Tax Bill
$5,910
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 Westville, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 08093 | $3,761 | $4,740 | $5,910 | $7,105 | $8,454 |
Source: Ownwell