Asbury, Hunterdon County, New Jersey Property Taxes

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

Median Asbury, NJ effective property tax rate: 3.03%, significantly higher than the national median of 1.02%, but lower than the New Jersey state median of 2.82%.
Median Asbury, NJ home value: $315,200
Median annual Asbury, NJ tax bill: $9,569, $7,169 higher than the national median property tax bill of $2,400.

How are property taxes in Hunterdon calculated?

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

Last Updated March 1, 2025

Asbury, Hunterdon County, New Jersey Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

3.03%

Estimate Property Tax Bill

$9,551

$8,863

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

Property Tax Rates Across Asbury, Hunterdon County, New Jersey

Local government entities set tax rates, which can vary widely within a state. This is because annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process. Asbury in Hunterdon County, NJ, is a prime example of how property tax rates can differ significantly from national averages. With a median property tax rate of 3.03%, Asbury stands out compared to the national median of 1.02%. This higher rate is reflective of the local government's budgetary needs and the assessed value of properties in the area. When you consider that the national median property tax bill is $2400, property owners in Asbury may find themselves paying considerably more. Understanding these local nuances is crucial for property owners looking to manage their tax liabilities effectively.

Property Tax Rates Across Asbury, Hunterdon County, New Jersey

Source: Ownwell

2.27%

3.26%

4.25%

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 Asbury Tax Rate

3.03%

Median Effective Hunterdon County Tax Rate

2.66%

Median Effective New Jersey Tax Rate

2.82%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Asbury, Hunterdon County, New Jersey

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
08802	3.03%	3.03%	3.03%	3.07%	3.07%

Source: Ownwell

Property Tax Assessment Values Across Asbury, Hunterdon County, New Jersey

When examining property taxes in Asbury, 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 Hunterdon County Appraisal District 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.

In Hunterdon 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 Asbury. For example, the median home price in Asbury is $315,200, with tax bills ranging significantly across the county. Zip code 08802 has the highest median home price at $315,200.

Property Tax Assessment Values Across Asbury, Hunterdon County, New Jersey

Source: Ownwell

$178,200

$369,975

$561,750

Median Asbury Market Value

$315,200

Median Hunterdon County Market Value

$364,050

Median New Jersey Market Value

$282,900

Median United States Market Value

$235,294

Property Tax Assessment Values Across Asbury, Hunterdon County, New Jersey

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
08802	$196,720	$243,550	$315,200	$421,850	$539,700

Source: Ownwell

Property Tax Bills Across Asbury, Hunterdon County, New Jersey

In Asbury, located in Hunterdon County, NJ, property tax bills are determined by assessing the market value of a home and applying the local tax rate. The median home price in this area is $315,200, significantly affecting the tax bill. Factors such as property size, location, and improvements can influence the assessed value, impacting the final tax bill. Homeowners in Asbury face a median property tax bill of $9,569, which is much higher than the national median of $2,400, reflecting New Jersey's higher tax rates. This can be financially burdensome for homeowners, especially those with tax bills reaching the 90th percentile at $16,405.

Ownwell offers a solution by providing expert property tax appeal and exemption services. By analyzing property assessments and identifying discrepancies, Ownwell can help homeowners potentially reduce their tax liabilities. This service not only eases financial strain but also ensures homeowners pay a fair tax amount. Partnering with Ownwell means having an advocate in navigating the complexities of property taxes and securing potential savings.

Property Tax Bills Across Asbury, Hunterdon County, New Jersey

Source: Ownwell

$4,512

$8,641

$12,769

Median Asbury Tax Bill

$9,569

Median Hunterdon County Tax Bill

$10,015

Median New Jersey Tax Bill

$8,227

Median United States Tax Bill

$2,400

Property Tax Bills Across Asbury, Hunterdon County, New Jersey

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
08802	$6,008	$7,407	$9,569	$12,822	$16,405

Source: Ownwell