Beach Haven, New Jersey Property Taxes
The median property tax rate in Beach Haven, NJ is 0.83%, which is lower than both the national median of 0.99% and the New Jersey state median of 2.82%. With the median home value in Beach Haven at $880,500, the typical annual property tax bill reaches $8,332, significantly higher than the national median of $2,690. Property taxes in Beach Haven 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 Beach Haven'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 Beach Haven 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
Beach Haven, New Jersey Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.83%
Estimate Property Tax Bill
$7,308
$6,782
Ownwell’s Beach Haven Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Beach Haven with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Beach Haven 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 Beach Haven, New Jersey
Property taxes in Beach Haven, New Jersey, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Beach Haven is 0.83%, lower than the U.S. national median of 0.99%. Local government entities within Beach Haven set these rates annually, and they can vary significantly across different neighborhoods. Each year, Beach Haven 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 Beach Haven's effective property tax rate to other counties in New Jersey and the national median. For comparison, the 08008 zip code has both the highest and lowest median property tax rate of 0.83%. Understanding how these cities compare with Beach Haven provides valuable insights into the varying tax landscape across Ocean County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Beach Haven Tax Rate
0.83%
Average Ocean County Tax Rate
2.26%
Average New Jersey Tax Rate
2.82%
Average United States Tax Rate
0.99%
Property Tax Rates Across Beach Haven, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 08008 | 0.83% | 0.83% | 0.83% | 1.10% | 1.10% |
Source: Ownwell
Property Tax Assessment Values Across Beach Haven, New Jersey
In Beach Haven, 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 Ocean 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 Beach Haven, 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. 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 in Beach Haven helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills are both $8,332 in the 08008 zip code.
Property Tax Assessment Values Across Beach Haven, New Jersey
Source: Ownwell
$88,700
$589,800
$1,090,900
Average Beach Haven Assessed Value
$880,500
Average Ocean County Assessed Value
$281,800
Average New Jersey Assessed Value
$282,900
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Beach Haven, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 08008 | $358,700 | $625,700 | $880,500 | $1,237,100 | $1,862,500 |
Source: Ownwell
Property Tax Bills Across Beach Haven, New Jersey
In Beach Haven, located in Ocean County, NJ, property tax bills are calculated based on the assessed value of the home and the local tax rate. The median home price in Beach Haven is $880,500. Property taxes in this area can vary significantly, with the 25th percentile tax bill at $5,906 and the 75th percentile at $11,478, indicating a broad range of tax burdens. The 90th percentile tax bill reaches up to $16,428, reflecting the higher end of the spectrum for homeowners with more valuable properties. The tax bill is determined by multiplying the assessed value of the property by the local tax rate. This process ensures that homeowners contribute to local services such as schools, infrastructure, and emergency services in proportion to their property's value. With a median tax bill of $8,332, Beach Haven's property taxes are notably higher compared to the national median property tax rate of 0.99%. This high rate can significantly impact homeowners, influencing their overall cost of living and financial planning.
Average Beach Haven Tax Bill
$8,332
Average Ocean County Tax Bill
$5,983
Average New Jersey Tax Bill
$8,227
Average United States Tax Bill
$2,690
Property Tax Bills Across Beach Haven, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 08008 | $3,702 | $5,906 | $8,332 | $11,478 | $16,428 |
Source: Ownwell