South Plainfield, New Jersey Property Taxes
The median property tax rate in South Plainfield, NJ is 6.60%, substantially higher than both the national median of 0.99% and the New Jersey state median of 2.82%. With the median home value in South Plainfield, the typical annual property tax bill reaches $7,230, far exceeding the national median of $2,690. Property taxes in South Plainfield 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 South Plainfield'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 South Plainfield or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
South Plainfield, New Jersey Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
6.6%
Estimate Property Tax Bill
$7,597
$7,049
Ownwell’s South Plainfield Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in South Plainfield with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in South Plainfield to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across South Plainfield, New Jersey
Property taxes in South Plainfield, New Jersey, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in South Plainfield is 6.60%, significantly higher than both the New Jersey state median and the U.S. national median of 0.99%. Local government entities within South Plainfield set these rates annually, and they can vary significantly across different neighborhoods. Each year, South Plainfield 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 South Plainfield's effective property tax rate to other areas in Middlesex County and the national median. For comparison, the 07080 zip code has the highest median property tax rate of 6.60%, while the 07080 zip code also has the lowest median tax rate of 6.60%. Understanding how these areas compare with South Plainfield provides valuable insights into the varying tax landscape across Middlesex County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average South Plainfield Tax Rate
6.60%
Average Middlesex County Tax Rate
5.10%
Average New Jersey Tax Rate
2.82%
Average United States Tax Rate
0.99%
Property Tax Rates Across South Plainfield, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 07080 | 5.00% | 5.81% | 6.59% | 6.60% | 6.60% |
Source: Ownwell
Property Tax Assessment Values Across South Plainfield, New Jersey
In South Plainfield, New Jersey, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. 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 Middlesex 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. In South Plainfield, assessment notices 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. The median home price in South Plainfield is $115,100, and understanding these valuation concepts helps property owners better navigate their tax responsibilities. The highest and lowest median tax bills are both $7,230 in the 07080 zip code. By being aware of these valuation processes, property owners can identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across South Plainfield, New Jersey
Source: Ownwell
$66,600
$322,300
$578,000
Average South Plainfield Assessed Value
$115,100
Average Middlesex County Assessed Value
$158,000
Average New Jersey Assessed Value
$282,900
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across South Plainfield, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 07080 | $78,755 | $98,544 | $115,100 | $135,400 | $170,000 |
Source: Ownwell
Property Tax Bills Across South Plainfield, New Jersey
Property tax bills in South Plainfield, located in Middlesex County, NJ, are calculated based on the assessed value of a property, which is determined by local assessors. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. For South Plainfield, the median home price is $115,100. Homeowners in this area often see tax bills ranging from $5,958 at the 25th percentile to $11,012 at the 90th percentile. The local tax rate is influenced by various factors including municipal budgets, school funding, and public services. Property taxes in South Plainfield are notably higher than the national median property tax rate of 0.99%, reflecting the region’s specific financial needs. This can significantly impact homeowners, as higher property taxes may increase the overall cost of homeownership. Understanding these factors helps homeowners anticipate their financial responsibilities and plan accordingly.
Average South Plainfield Tax Bill
$7,230
Average Middlesex County Tax Bill
$7,840
Average New Jersey Tax Bill
$8,227
Average United States Tax Bill
$2,690
Property Tax Bills Across South Plainfield, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 07080 | $4,610 | $5,958 | $7,230 | $8,660 | $11,012 |
Source: Ownwell