East Windsor, New Jersey Property Taxes
The median property tax rate in East Windsor, NJ is 3.31%, significantly higher than both the national median of 0.99% and the New Jersey state median of 2.82%. With the median home value in East Windsor at $235,300, the typical annual property tax bill reaches $8,008, far exceeding the national median of $2,690. Property taxes in East Windsor are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding East Windsor's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of East Windsor or another part of Mercer County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
East Windsor, New Jersey Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.31%
Estimate Property Tax Bill
$7,788
Ownwell’s East Windsor Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in East Windsor with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in East Windsor to provide an estimate of your property tax bill. This valuable tool helps you understand potential tax liabilities. For those interested in neighborhood-level trends, further localized information is available below. Your property’s assessed value is the value assigned by Mercer County for property tax calculations, accounting for any applicable exemptions.
Property Tax Rates Across East Windsor, New Jersey
Property taxes in East Windsor, New Jersey, are essential in funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in East Windsor is 3.31%, significantly higher than both the New Jersey state median and the U.S. national median of 0.99%. Local government entities within East Windsor set these rates annually, and they can vary significantly across different neighborhoods. Each year, East Windsor estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares East Windsor's effective property tax rate to other counties in New Jersey and the national median. For comparison, the 08520 ZIP code has the highest median property tax rate of 3.31%, while the 08512 ZIP code has the lowest median tax rate of 3.31%. Understanding how these areas compare with East Windsor provides valuable insights into the varying tax landscape across Mercer County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average East Windsor Tax Rate
3.31%
Average Mercer County Tax Rate
3.25%
Average New Jersey Tax Rate
2.82%
Average United States Tax Rate
0.99%
Property Tax Rates Across East Windsor, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 08512 | 3.31% | 3.31% | 3.31% | 3.43% | 3.43% |
| 08520 | 3.31% | 3.31% | 3.31% | 3.43% | 3.43% |
Source: Ownwell
Property Tax Assessment Values Across East Windsor, New Jersey
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in East Windsor, NJ. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Mercer County Appraisal District for tax purposes. In contrast, the assessed value 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 East Windsor are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. For example, the highest median tax bill in East Windsor is $9,653 in the 08512 zip code, while the lowest is $7,509 in the 08520 zip code. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across East Windsor, New Jersey
Source: Ownwell
$42,000
$637,025
$1,232,050
Average East Windsor Assessed Value
$235,300
Average Mercer County Assessed Value
$216,500
Average New Jersey Assessed Value
$282,900
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across East Windsor, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 08512 | $144,700 | $158,600 | $283,150 | $344,800 | $376,000 |
| 08520 | $90,200 | $179,950 | $222,000 | $340,400 | $432,500 |
Source: Ownwell
Property Tax Bills Across East Windsor, New Jersey
In East Windsor, located in Mercer County, NJ, property tax bills are determined based on the assessed value of a property and the local tax rate. The assessed value is a percentage of the market value of the home, which is calculated by the local tax assessor. This assessed value is then multiplied by the local property tax rate to determine the annual tax bill. For example, with a median home price of $235,300, homeowners can expect varying tax bills depending on the specific value of their property and the applicable tax rate. Several factors influence the tax bill, including property location, market conditions, and any applicable exemptions. Homeowners in East Windsor can see tax bills ranging from the lower end at $5,890 (25th percentile) to as high as $14,412 (90th percentile). The highest median tax bill in the area is $9,653 in the 08512 zip code, while the lowest is $7,509 in the 08520 zip code. These property tax rates significantly impact homeowners, often making property taxes a considerable part of their annual expenses.
Average East Windsor Tax Bill
$8,008
Average Mercer County Tax Bill
$7,200
Average New Jersey Tax Bill
$8,227
Average United States Tax Bill
$2,690
Property Tax Bills Across East Windsor, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 08512 | $4,785 | $5,245 | $9,653 | $11,555 | $12,471 |
| 08520 | $2,983 | $5,953 | $7,509 | $11,648 | $14,839 |
Source: Ownwell