Hudson County Property Taxes
The median property tax rate in Hudson County is 2.12%, which is significantly higher than both the national median of 0.99% and New Jersey's state median of 2.82%. With the median home value in Hudson County at $357,200, the typical annual property tax bill reaches $8,581, far exceeding the national median of $2,690. Property taxes in Hudson County are calculated based on the tax assessed value, which generally falls below the actual market value due to various property tax exemptions like the primary residence and agricultural exemptions. Understanding Hudson County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Jersey City or another part of Hudson County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Hudson County Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.12%
Estimate Property Tax Bill
$7,573
$7,027
Ownwell’s Hudson County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Hudson County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Hudson County to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Hudson County, New Jersey
Property taxes in Hudson County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Hudson County is 2.12%, which is significantly higher than the U.S. national median of 0.99%. Local government entities within Hudson County set these rates annually, and they can vary significantly between different areas within the county. Each year, Hudson County estimates its required budget to maintain services for the upcoming fiscal year and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. For comparison, the city of Kearny has one of the higher property tax rates in the area at 10.54%, while the city of North Bergen boasts one of the lowest at 1.58%. Analyzing how Hudson County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Hudson County Tax Rate
2.12%
Average New Jersey Tax Rate
2.82%
Average United States Tax Rate
0.99%
Property Tax Rates Across Hudson County, New Jersey
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Bayonne | 2.63% | 2.63% | 2.63% | 2.63% | 2.63% |
| East Newark | 2.28% | 2.73% | 2.73% | 2.73% | 2.73% |
| Guttenberg | 3.88% | 3.88% | 3.88% | 3.88% | 3.88% |
| Harrison | 2.28% | 2.28% | 2.28% | 2.28% | 2.28% |
| Hoboken | 1.60% | 1.60% | 1.60% | 1.60% | 1.60% |
| Jersey City | 2.12% | 2.12% | 2.12% | 2.12% | 2.12% |
| Kearny | 10.54% | 10.54% | 10.54% | 10.54% | 10.54% |
| North Bergen | 1.58% | 1.58% | 1.58% | 1.58% | 1.58% |
| Secaucus | 3.76% | 3.76% | 3.76% | 3.76% | 3.76% |
| Union City | 7.41% | 7.41% | 7.41% | 7.41% | 7.41% |
| Weehawken | 1.86% | 1.86% | 1.86% | 1.86% | 1.86% |
| West New York | 3.88% | 7.76% | 7.76% | 7.76% | 7.76% |
Source: Ownwell
Property Tax Assessment Values Across Hudson County, New Jersey
In Hudson County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Hudson County Appraisal District. The assessed value, however, 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. Assessment notices in Hudson County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. For instance, Weehawken has the highest median tax bill at $12,942, while Secaucus has the lowest at $6,207. Being aware of these valuation processes in Hudson County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Property Tax Assessment Values Across Hudson County, New Jersey
Source: Ownwell
$94,600
$413,325
$732,050
Average Hudson County Assessed Value
$357,200
Average New Jersey Assessed Value
$282,900
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Hudson County, New Jersey
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Bayonne | $255,650 | $331,350 | $398,500 | $475,600 | $545,200 |
| East Newark | $176,350 | $224,150 | $291,900 | $366,950 | $496,750 |
| Guttenberg | $87,348 | $133,675 | $216,900 | $287,150 | $418,220 |
| Harrison | $263,600 | $378,650 | $449,500 | $551,000 | $629,020 |
| Hoboken | $35,000 | $294,300 | $445,900 | $650,000 | $1,073,400 |
| Jersey City | $219,100 | $289,800 | $415,000 | $619,300 | $888,090 |
| Kearny | $66,600 | $79,100 | $94,600 | $115,100 | $134,900 |
| North Bergen | $197,820 | $325,950 | $488,700 | $625,350 | $740,200 |
| Secaucus | $109,000 | $130,400 | $165,100 | $211,725 | $273,020 |
| Union City | $34,800 | $73,600 | $129,000 | $160,900 | $190,080 |
| Weehawken | $238,350 | $444,175 | $698,300 | $918,175 | $1,400,000 |
| West New York | $22,990 | $74,300 | $135,650 | $206,000 | $285,400 |
Source: Ownwell
Property Tax Bills Across Hudson County, New Jersey
In Hudson County, NJ, property tax bills are calculated based on the assessed value of a property and 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. Once the assessed value is established, it is multiplied by the tax rate to determine the annual tax bill. Several factors influence the tax bill, including property size, location, and market conditions. For instance, in Hudson County, the median home price is $357,200. Homeowners in the 25th percentile of tax bills pay around $5,927, while those in the 75th percentile pay approximately $11,546. The highest median tax bill in the county can be found in Weehawken, at $12,942, while the lowest is in Secaucus, at $6,207. These property taxes significantly impact homeowners, often constituting a substantial portion of their annual expenses. Compared to the national median property tax rate of 0.99%, Hudson County's rates can be quite high, reflecting the region's property values and local government funding needs.
Average Hudson County Tax Bill
$8,581
Average New Jersey Tax Bill
$8,227
Average United States Tax Bill
$2,690
Property Tax Bills Across Hudson County, New Jersey
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Bayonne | $6,727 | $8,723 | $10,493 | $12,509 | $14,292 |
| East Newark | $4,805 | $6,006 | $7,775 | $9,055 | $12,132 |
| Guttenberg | $3,384 | $5,143 | $8,409 | $11,135 | $16,215 |
| Harrison | $5,847 | $8,421 | $10,583 | $12,730 | $14,463 |
| Hoboken | $560 | $4,694 | $7,254 | $10,563 | $17,241 |
| Jersey City | $4,509 | $5,926 | $8,199 | $11,668 | $16,951 |
| Kearny | $7,000 | $8,286 | $9,909 | $12,018 | $14,095 |
| North Bergen | $3,137 | $5,139 | $7,718 | $9,878 | $11,699 |
| Secaucus | $4,102 | $4,883 | $6,207 | $7,951 | $10,194 |
| Union City | $2,542 | $5,361 | $9,534 | $11,858 | $14,081 |
| Weehawken | $4,175 | $8,201 | $12,942 | $17,014 | $25,817 |
| West New York | $1,948 | $5,041 | $8,212 | $10,725 | $13,584 |
Source: Ownwell