Passaic County, New Jersey Property Taxes
The median property tax rate in Passaic County is 4.57%, significantly higher than both the national median of 0.99% and the New Jersey state median of 2.82%. With a median home value of $226,800, the typical annual property tax bill in Passaic County reaches $9,911, far exceeding the national median of $2,690. Property taxes in Passaic County are calculated based on the assessed value, which is often lower than the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding the specific property tax system in Passaic County, exploring available exemptions, and identifying opportunities for tax reductions can lead to substantial annual savings. Whether residing in Paterson or another part of Passaic County, gaining comprehensive knowledge of local property taxes is advantageous for both homeowners and real estate investors.
Last Updated June 14, 2024
Passaic County, New Jersey Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
4.57%
Estimate Property Tax Bill
$10,365
$9,618
Ownwell’s Passaic County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Passaic County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Passaic County to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Passaic County, New Jersey
Property taxes in Passaic play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Passaic is 4.57%, which is significantly higher than both the New Jersey state median and the U.S. national median of 0.99%. Local government entities within Passaic set these rates annually, and they can vary significantly between different areas within the county. Each year, Passaic estimates its required budget to maintain services for the upcoming fiscal year and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. For comparison, the city of Montclair has one of the higher property tax rates in New Jersey at 5.71%, while the city of Totowa boasts one of the lowest at 2.44%. Analyzing how Passaic's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Passaic County Tax Rate
4.57%
Average New Jersey Tax Rate
2.82%
Average United States Tax Rate
0.99%
Property Tax Rates Across Passaic County, New Jersey
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Bloomingdale | 4.09% | 4.47% | 4.50% | 4.50% | 4.50% |
| Cedar Grove | 3.01% | 3.21% | 3.29% | 3.29% | 3.29% |
| Clifton | 4.67% | 5.57% | 5.71% | 5.71% | 5.71% |
| Franklin Lakes | N/A | N/A | N/A | N/A | N/A |
| Haledon | 4.91% | 5.04% | 5.04% | 5.04% | 5.04% |
| Haskell | 3.76% | 4.10% | 4.14% | 4.14% | 4.14% |
| Hawthorne | 2.47% | 2.95% | 2.95% | 2.95% | 2.95% |
| Hewitt | 3.35% | 3.99% | 3.99% | 3.99% | 3.99% |
| Little Falls | 2.97% | 3.25% | 3.29% | 3.29% | 3.29% |
| Montclair | 4.82% | 5.70% | 5.71% | 5.71% | 5.71% |
| Newfoundland | 3.25% | 3.95% | 3.99% | 3.99% | 3.99% |
| North Haledon | 2.65% | 2.91% | 2.94% | 2.94% | 2.94% |
| Nutley | 4.64% | 5.59% | 5.71% | 5.71% | 5.71% |
| Oakland | N/A | N/A | N/A | N/A | N/A |
| Oak Ridge | 3.25% | 3.99% | 3.99% | 3.99% | 3.99% |
| Passaic | 3.64% | 3.86% | 3.88% | 3.88% | 3.88% |
| Paterson | 4.48% | 4.64% | 4.64% | 4.64% | 4.64% |
| Pompton Lakes | 3.48% | 3.77% | 3.81% | 3.81% | 3.81% |
| Prospect Park | 5.10% | 5.41% | 5.41% | 5.41% | 5.41% |
| Revere | N/A | N/A | N/A | N/A | N/A |
| Ringwood | 3.63% | 3.94% | 3.96% | 3.97% | 3.97% |
| Stamping Ground | N/A | N/A | N/A | N/A | N/A |
| Stockholm | 3.55% | 3.99% | 3.99% | 3.99% | 3.99% |
| Totowa | 1.97% | 2.38% | 2.44% | 2.44% | 2.44% |
| Wanaque | 3.76% | 4.05% | 4.14% | 4.14% | 4.14% |
| Wayne | 4.82% | 5.65% | 5.65% | 5.65% | 5.65% |
| West Milford | 3.25% | 3.89% | 3.99% | 3.99% | 3.99% |
| Woodland Park | 2.69% | 3.25% | 3.29% | 3.29% | 3.29% |
Source: Ownwell
Property Tax Assessment Values Across Passaic County, New Jersey
In Passaic County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Passaic County Appraisal District. The assessed value, however, 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 Passaic County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. Being aware of these valuation processes in Passaic County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively. The highest median tax bill in the county is in Stamping Ground at $19,736, while the lowest is in Totowa at $8,204.
Property Tax Assessment Values Across Passaic County, New Jersey
Source: Ownwell
$89,900
$237,000
$384,100
Average Passaic County Assessed Value
$226,800
Average New Jersey Assessed Value
$282,900
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Passaic County, New Jersey
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Bloomingdale | $179,430 | $214,675 | $248,100 | $286,400 | $342,280 |
| Cedar Grove | $353,240 | $368,800 | $384,100 | $399,175 | $406,500 |
| Clifton | $132,700 | $149,300 | $168,600 | $197,700 | $240,800 |
| Franklin Lakes | N/A | N/A | N/A | N/A | N/A |
| Haledon | $170,420 | $197,000 | $225,100 | $264,425 | $310,560 |
| Haskell | $164,640 | $184,500 | $207,800 | $233,100 | $266,680 |
| Hawthorne | $280,360 | $315,850 | $363,700 | $423,700 | $513,640 |
| Hewitt | $132,380 | $168,700 | $218,000 | $276,950 | $362,040 |
| Little Falls | $176,800 | $250,700 | $321,200 | $386,850 | $456,140 |
| Montclair | $168,500 | $192,100 | $210,200 | $234,300 | $287,400 |
| Newfoundland | $198,570 | $225,225 | $263,650 | $307,075 | $377,030 |
| North Haledon | $256,360 | $297,500 | $352,500 | $428,700 | $539,380 |
| Nutley | $145,360 | $158,425 | $178,950 | $251,025 | $267,780 |
| Oakland | N/A | N/A | N/A | N/A | N/A |
| Oak Ridge | $196,260 | $221,000 | $253,800 | $301,200 | $355,020 |
| Passaic | $140,500 | $206,800 | $264,750 | $331,000 | $401,630 |
| Paterson | $110,900 | $152,300 | $194,000 | $237,100 | $287,700 |
| Pompton Lakes | $159,700 | $230,375 | $276,900 | $321,925 | $381,260 |
| Prospect Park | $156,410 | $179,600 | $209,750 | $242,100 | $271,380 |
| Revere | N/A | N/A | N/A | N/A | N/A |
| Ringwood | $205,750 | $243,300 | $282,700 | $341,000 | $425,400 |
| Stamping Ground | N/A | N/A | N/A | N/A | N/A |
| Stockholm | $138,120 | $268,300 | $359,650 | $413,600 | $448,160 |
| Totowa | $269,170 | $299,450 | $351,400 | $450,475 | $619,220 |
| Wanaque | $8,500 | $208,700 | $259,600 | $287,600 | $342,420 |
| Wayne | $131,400 | $175,800 | $222,300 | $272,550 | $338,300 |
| West Milford | $128,000 | $179,600 | $230,100 | $287,750 | $372,580 |
| Woodland Park | $219,640 | $266,550 | $319,600 | $399,850 | $479,700 |
Source: Ownwell
Property Tax Bills Across Passaic County, New Jersey
In Passaic County, NJ, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the local tax assessor and is meant to reflect the market value of the property. Once the property’s assessed value is established, it is multiplied by the local tax rate to calculate the annual tax bill. For homeowners in Passaic County, the tax bills can vary widely. The 25th percentile tax bill is around $8,023, while the 75th percentile tax bill reaches $12,272. At the 90th percentile, homeowners may see tax bills as high as $15,237. These figures are significantly higher than the national median property tax rate of 0.99%. High property tax bills can affect homeowners by increasing the overall cost of owning a home, potentially influencing housing affordability and decisions about property investment. In contrast, the lowest median tax bill in Totowa is $8,204, which still surpasses the national average, highlighting the region's higher property tax burden.
Average Passaic County Tax Bill
$9,911
Average New Jersey Tax Bill
$8,227
Average United States Tax Bill
$2,690
Property Tax Bills Across Passaic County, New Jersey
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Bloomingdale | $7,775 | $9,354 | $10,968 | $12,689 | $15,242 |
| Cedar Grove | $10,989 | $11,699 | $12,484 | $13,060 | $13,358 |
| Clifton | $6,948 | $8,154 | $9,336 | $11,049 | $13,510 |
| Franklin Lakes | N/A | N/A | N/A | N/A | N/A |
| Haledon | $8,452 | $9,839 | $11,234 | $13,166 | $15,124 |
| Haskell | $6,392 | $7,441 | $8,458 | $9,505 | $10,900 |
| Hawthorne | $7,592 | $8,968 | $10,494 | $12,314 | $14,936 |
| Hewitt | $5,081 | $6,474 | $8,405 | $10,818 | $14,344 |
| Little Falls | $5,708 | $8,043 | $10,228 | $12,487 | $14,802 |
| Montclair | $9,130 | $10,564 | $11,768 | $12,954 | $15,211 |
| Newfoundland | $7,223 | $8,597 | $10,202 | $11,971 | $14,885 |
| North Haledon | $7,264 | $8,488 | $10,190 | $12,459 | $15,761 |
| Nutley | $7,247 | $8,949 | $9,903 | $13,110 | $14,992 |
| Oakland | N/A | N/A | N/A | N/A | N/A |
| Oak Ridge | $7,175 | $8,469 | $9,949 | $11,827 | $14,056 |
| Passaic | $5,389 | $7,923 | $10,126 | $12,677 | $15,419 |
| Paterson | $5,060 | $6,968 | $8,903 | $10,927 | $13,234 |
| Pompton Lakes | $5,963 | $8,510 | $10,320 | $12,125 | $14,372 |
| Prospect Park | $8,211 | $9,580 | $11,251 | $13,008 | $14,604 |
| Revere | N/A | N/A | N/A | N/A | N/A |
| Ringwood | $7,966 | $9,401 | $11,023 | $13,416 | $16,758 |
| Stamping Ground | N/A | N/A | N/A | N/A | N/A |
| Stockholm | $5,510 | $10,049 | $14,346 | $16,258 | $17,765 |
| Totowa | $5,886 | $6,921 | $8,204 | $10,641 | $14,664 |
| Wanaque | $352 | $8,403 | $10,379 | $11,756 | $13,938 |
| Wayne | $7,011 | $9,567 | $12,284 | $15,254 | $19,009 |
| West Milford | $4,807 | $6,733 | $8,836 | $11,281 | $14,667 |
| Woodland Park | $6,796 | $8,323 | $10,132 | $12,720 | $15,637 |
Source: Ownwell