Long Beach Township, Ocean County, New Jersey Property Taxes
The median property tax rate in Long Beach Township, 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 Long Beach Township at $982,100, the typical annual property tax bill amounts to $8,047, significantly exceeding the national median of $2,690. Property taxes here are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Long Beach Township'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 Long Beach Township 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
Long Beach Township, Ocean County, New Jersey Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.83%
Estimate Property Tax Bill
$8,151
$7,564
Ownwell’s Long Beach Township Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Long Beach Township with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Long Beach Township 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 Long Beach Township, Ocean County, New Jersey
Property taxes in Long Beach Township, New Jersey, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Long Beach Township is 0.83%, which is lower than the New Jersey state median and the U.S. national median of 0.99%. Local government entities within Long Beach Township set these rates annually, and they can vary significantly across different neighborhoods. Each year, Long Beach Township 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 Long Beach Township's effective property tax rate to other areas in Ocean County 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 areas compare with Long Beach Township 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.
Property Tax Rates Across Long Beach Township, Ocean County, New Jersey
Source: Ownwell
0.83%
2.04%
3.25%
Average Long Beach Township 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 Long Beach Township, Ocean County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 08008 | 0.81% | 0.83% | 0.83% | 0.83% | 0.83% |
Source: Ownwell
Property Tax Assessment Values Across Long Beach Township, Ocean County, New Jersey
In Long Beach Township, 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 Long Beach Township, 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 Long Beach Township helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the highest median tax bill in the area is $8,047, and the lowest is also $8,047, both in the 08008 zip code.
Property Tax Assessment Values Across Long Beach Township, Ocean County, New Jersey
Source: Ownwell
$88,700
$589,800
$1,090,900
Average Long Beach Township Assessed Value
$982,100
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 Long Beach Township, Ocean County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 08008 | $566,660 | $735,600 | $982,100 | $1,329,100 | $1,897,160 |
Source: Ownwell
Property Tax Bills Across Long Beach Township, Ocean County, New Jersey
Property tax bills in Long Beach Township, located in Ocean County, NJ, are calculated based on the assessed value of a property and the local tax rate. The median home price in this area is $982,100, significantly higher than the national median. The tax rate is applied to the assessed value, resulting in varying tax bills for homeowners. For instance, the 25th percentile tax bill is $6,044, while homeowners at the 75th percentile pay around $10,972. At the 90th percentile, the tax bill can reach up to $15,641. Several factors influence the final tax bill, including property size, location, and improvements. Higher-valued properties naturally incur higher taxes, which can impact homeowners' financial planning and housing affordability. In Long Beach Township, the median tax bill is $8,047, which is higher than the national median property tax rate of 0.99%. This underscores the importance of understanding local tax obligations to manage expenses effectively.
Property Tax Bills Across Long Beach Township, Ocean County, New Jersey
Source: Ownwell
$1,922
$9,935
$17,948
Average Long Beach Township Tax Bill
$8,047
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 Long Beach Township, Ocean County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 08008 | $4,600 | $6,044 | $8,047 | $10,972 | $15,641 |
Source: Ownwell