Bayonne, Hudson County, New Jersey Property Taxes

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

Median Bayonne, NJ effective property tax rate: 2.63%, significantly higher than the national median of 1.02%, but lower than the NJ state median of 2.82%.
Median Bayonne, NJ home value: $398,500
Median annual Bayonne, NJ tax bill: $10,493, $8,093 higher than the national median property tax bill of $2,400.

How are property taxes in Hudson calculated?

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

Last Updated March 1, 2025

Bayonne, Hudson County, New Jersey Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.63%

Estimate Property Tax Bill

$10,481

$9,726

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

Property Tax Rates Across Bayonne, Hudson County, New Jersey

Local government entities are responsible for setting property tax rates, and these rates can differ significantly within a state. Annually, counties determine their necessary budget for services and divide this by the total value of all taxable properties in their area. This calculation establishes the property tax rate. While setting these rates involves votes and laws, this is the basic annual process.

In Bayonne, located in Hudson County, the effective property tax rate stands at 2.63%, which is notably higher than the national median property tax rate of 1.02%. This indicates that property owners in Bayonne may face higher tax bills compared to other regions. The city's property tax rate is consistent across the board, as both the highest and lowest median tax rates in Bayonne are the same.

When comparing Bayonne's property tax rate to other cities in New Jersey and the national median, it's evident that Bayonne's rate is on the higher end. This comparison highlights the importance of understanding local tax rates and their impact on property owners.

Property Tax Rates Across Bayonne, Hudson County, New Jersey

Source: Ownwell

1.58%

6.06%

10.54%

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 Bayonne Tax Rate

2.63%

Median Effective Hudson County Tax Rate

2.12%

Median Effective New Jersey Tax Rate

2.82%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Bayonne, Hudson County, New Jersey

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
07002	2.63%	2.63%	2.63%	2.63%	2.63%

Source: Ownwell

Property Tax Assessment Values Across Bayonne, Hudson County, New Jersey

When examining property taxes in Bayonne, 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 Hudson County Tax Assessor 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.

Assessment notices are sent in Hudson County 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 Bayonne. For example, the median home price in Bayonne is $398,500, with tax bills ranging significantly across the county. Zip code 07002 has the highest median home price at $398,500.

Property Tax Assessment Values Across Bayonne, Hudson County, New Jersey

Source: Ownwell

$94,600

$413,325

$732,050

Median Bayonne Market Value

$398,500

Median Hudson County Market Value

$357,200

Median New Jersey Market Value

$282,900

Median United States Market Value

$235,294

Property Tax Assessment Values Across Bayonne, Hudson County, New Jersey

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
07002	$255,650	$331,350	$398,500	$475,600	$545,200

Source: Ownwell

Property Tax Bills Across Bayonne, Hudson County, New Jersey

In Bayonne, NJ, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The tax rate, set by Hudson County, is applied to this assessed value to calculate the tax bill. Bayonne's median home price is $398,500, and the property tax bill can vary significantly, with the 25th percentile at $8,723 and the 75th percentile reaching $12,509. These figures highlight the substantial impact property taxes can have on homeowners' finances, especially compared to the national median property tax bill of $2,400. Homeowners in Bayonne face some of the highest property tax bills, with the median tax bill at $10,493. Ownwell offers valuable assistance to homeowners by identifying potential savings on property tax bills through appeals and exemptions. By leveraging their expertise, homeowners can potentially reduce their tax burden, ensuring they pay only their fair share. This service is particularly beneficial in areas with high property tax rates, like Bayonne, helping to alleviate financial strain on homeowners.

Property Tax Bills Across Bayonne, Hudson County, New Jersey

Source: Ownwell

$6,207

$10,690

$15,173

Median Bayonne Tax Bill

$10,493

Median Hudson County Tax Bill

$8,581

Median New Jersey Tax Bill

$8,227

Median United States Tax Bill

$2,400

Property Tax Bills Across Bayonne, Hudson County, New Jersey

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
07002	$6,727	$8,723	$10,493	$12,509	$14,292

Source: Ownwell