Ringoes, Hunterdon County, New Jersey Property Taxes

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

Median Ringoes, NJ effective property tax rate: 2.59%, significantly higher than the national median of 1.02%, but lower than the New Jersey state median of 2.82%.
Median Ringoes, NJ home value: $420,600
Median annual Ringoes, NJ tax bill: $10,941, $8,541 higher than the national median property tax bill of $2,400.

How are property taxes in Hunterdon County calculated?

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

Last Updated March 1, 2025

Ringoes, Hunterdon County, New Jersey Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.59%

Estimate Property Tax Bill

$10,894

$10,109

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

Property Tax Rates Across Ringoes, Hunterdon County, New Jersey

Local government entities determine tax rates, which can differ significantly within a state. Each year, counties estimate the necessary budget to deliver services, then divide this by the total value of all taxable properties in their area. This calculation establishes the property tax rate. Though laws and votes are involved in setting tax rates and budgets, this is the core process annually.

Comparing RINGOES's effective property tax rate to other cities in NJ, it's evident that RINGOES, located in Hunterdon County, has a property tax rate that stands out. The median property tax rate in NJ is significantly above the national median of 1.02%, reflecting the state's higher budget requirements and property values. This can result in a higher property tax bill compared to the national median of $2400. Residents in RINGOES may find their property tax rates are among the highest in the state, indicating a need for careful budgeting and potential tax appeal considerations. Understanding these rates can help property owners make informed decisions about their financial planning and property investments.

Property Tax Rates Across Ringoes, 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 Ringoes Tax Rate

2.59%

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 Ringoes, Hunterdon County, New Jersey

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
08551	2.59%	2.59%	2.59%	2.66%	2.66%

Source: Ownwell

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

When examining property taxes in Ringoes, 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 March. 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 Ringoes.

For example, the median home price in Ringoes is $420,600, with tax bills ranging significantly across the county. The 08551 zip code has the highest median home price at $420,600.

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

Source: Ownwell

$178,200

$369,975

$561,750

Median Ringoes Market Value

$420,600

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 Ringoes, Hunterdon County, New Jersey

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
08551	$243,960	$316,725	$420,600	$566,175	$695,750

Source: Ownwell

Property Tax Bills Across Ringoes, Hunterdon County, New Jersey

In Ringoes, located in Hunterdon County, NJ, property tax bills are calculated based on the assessed value of a home, which is determined by local tax assessors. The median home price in this area is $420,600, and property taxes are a significant consideration for homeowners. The tax bill in Ringoes often exceeds the national median, with costs ranging from $8,149 at the 25th percentile to $18,390 at the 90th percentile. The area’s median tax bill stands at $10,941, which is notably higher than the national median tax bill of $2,400. This disparity highlights the financial impact on homeowners, who must budget for these substantial expenses annually. Ownwell can assist homeowners in Ringoes by offering property tax appeal and exemption services. By leveraging their expertise, Ownwell can help identify potential savings, ensuring homeowners are not overpaying on their property taxes. This service is crucial for those looking to reduce their financial burden and optimize their property tax expenses.

Property Tax Bills Across Ringoes, Hunterdon County, New Jersey

Source: Ownwell

$4,512

$8,641

$12,769

Median Ringoes Tax Bill

$10,941

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 Ringoes, Hunterdon County, New Jersey

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
08551	$6,275	$8,149	$10,941	$14,867	$18,390

Source: Ownwell