Hoboken, Hudson County, New Jersey Property Taxes
Median Hoboken, NJ effective property tax rate: 1.60%, significantly higher than the national median of 1.02%, but lower than the New Jersey state median of 2.82%.
Median Hoboken, NJ home value: $445,900
Median annual Hoboken, NJ tax bill: $7,254, $4,854 higher than the national median property tax bill of $2,400.
How are property taxes in Hudson calculated?
Property taxes in Hoboken, 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 Hoboken’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Hoboken, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Hoboken, Hudson County, New Jersey Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.6%
Estimate Property Tax Bill
$7,134
$6,621
Ownwell’s Hoboken Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Hoboken with just two data points.
By entering your property's estimated assessed value, our calculator applies Hoboken’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 Hoboken, Hudson County, New Jersey
Local government entities set tax rates, which can vary widely within a state. Each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. While votes and laws are involved in setting tax rates and budgets, this is the annual process.
Hoboken in Hudson County, NJ, offers an intriguing case study with its effective property tax rate. Compared to other cities in New Jersey, Hoboken's rate is higher than the national median rate of 1.02%. This difference highlights the variability in property tax rates across the nation and within states, influenced by local government budgets and property values.
In Hoboken, the property tax rate reflects the city's need to fund essential services such as education, infrastructure, and public safety. Understanding these rates is crucial for property owners, as higher rates can significantly impact annual tax bills. Comparing Hoboken's property tax rate to state and national medians provides valuable insights into the local tax landscape, helping property owners make informed decisions.
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 Hoboken Tax Rate
1.60%
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 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 Hoboken, Hudson County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 07030 | 1.60% | 1.60% | 1.60% | 1.60% | 1.60% |
Source: Ownwell
Property Tax Assessment Values Across Hoboken, Hudson County, New Jersey
When examining property taxes in Hoboken, 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's Office 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: In Hudson 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 Hoboken. For example, the median home price in Hoboken is $445,900, with tax bills ranging significantly across the county. ZIP code 07030 has the highest median home price at $445,900.
Property Tax Assessment Values Across Hoboken, Hudson County, New Jersey
Source: Ownwell
$94,600
$413,325
$732,050
Median Hoboken Market Value
$445,900
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 Hoboken, Hudson County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 07030 | $35,000 | $294,300 | $445,900 | $650,000 | $1,073,400 |
Source: Ownwell
Property Tax Bills Across Hoboken, Hudson County, New Jersey
Median Hoboken Tax Bill
$7,254
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 Hoboken, Hudson County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 07030 | $560 | $4,694 | $7,254 | $10,563 | $17,241 |
Source: Ownwell