Nutley, Passaic County, New Jersey Property Taxes

Name: Property Tax Bills Across Nutley, Passaic County, New Jersey
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Nutley, NJ effective property tax rate: 5.71%, significantly higher than the national median of 1.02%, but lower than the NJ state median of 2.82%.
Median Nutley, NJ home value: $178,950
Median annual Nutley, NJ tax bill: $9,903, $7,503 higher than the national median property tax bill of $2,400.

How are property taxes in Passaic calculated?

Property taxes in Nutley, NJ are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.

Understanding Nutley’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Nutley, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Nutley, Passaic County, New Jersey Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

5.71%

Estimate Property Tax Bill

$10,218

$9,482

Ownwell’s Nutley Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Nutley with just two data points. By entering your property's estimated assessed value, our calculator applies Nutley’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Passaic County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Nutley, Passaic County, New Jersey

Local government entities set tax rates, which can vary widely within a state. Annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process. Below, you can compare Nutley's effective property tax rate to other cities in New Jersey and the median property tax rates in New Jersey and the U.S. Nutley, located in Passaic County, holds a property tax rate significantly higher than the national median of 1.02%. This positions Nutley among the highest in the nation, reflecting the state's overall trend of elevated property taxes. Homeowners in Nutley often find themselves paying substantially more than the national median property tax bill of $2,400. This is due to the state's high property values and the local government's budgetary requirements. Comparing Nutley to other regions within New Jersey, it becomes evident how localized economic factors and governmental decisions shape the tax landscape, impacting residents' financial obligations.

Property Tax Rates Across Nutley, Passaic County, New Jersey

Source: Ownwell

2.44%

4.07%

5.71%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Nutley Tax Rate

5.71%

Median Effective Passaic County Tax Rate

4.57%

Median Effective New Jersey Tax Rate

2.82%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Nutley, Passaic County, New Jersey

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
07110	4.64%	5.59%	5.71%	5.71%	5.71%

Source: Ownwell

Property Tax Assessment Values Across Nutley, Passaic County, New Jersey

When examining property taxes in Nutley, NJ, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Passaic County Appraisal District estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill. In Passaic County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Nutley. For example, the median home price in Nutley is $178,950, with tax bills ranging significantly across the county. 07110 has the highest median home price at $178,950.

Property Tax Assessment Values Across Nutley, Passaic County, New Jersey

Source: Ownwell

$89,900

$237,000

$384,100

Median Nutley Market Value

$178,950

Median Passaic County Market Value

$226,800

Median New Jersey Market Value

$282,900

Median United States Market Value

$235,294

Property Tax Assessment Values Across Nutley, Passaic County, New Jersey

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
07110	$145,360	$158,425	$178,950	$251,025	$267,780

Source: Ownwell

Property Tax Bills Across Nutley, Passaic County, New Jersey

In Nutley, NJ, property tax bills are calculated by multiplying the assessed value of a home by the local tax rate. The assessed value is determined by the local tax assessor and may not always align with the current market value. Homeowners in Nutley face a significant tax burden, with the median property tax bill reaching $9,903, considerably higher than the national median of $2,400. This high tax bill reflects a robust local tax rate and can strain homeowners financially. Factors influencing property tax bills include property size, location, and improvements. Homeowners in Nutley can find themselves paying between $8,949 and $14,992, depending on these factors. Ownwell can assist by reviewing your property tax assessment and identifying discrepancies that could lead to savings. By filing appeals on your behalf, Ownwell ensures that you only pay your fair share. This service not only saves money but also provides peace of mind, knowing your property taxes are accurate and fair.

Property Tax Bills Across Nutley, Passaic County, New Jersey

Source: Ownwell

$3,830

$9,088

$14,346

Median Nutley Tax Bill

$9,903

Median Passaic County Tax Bill

$9,911

Median New Jersey Tax Bill

$8,227

Median United States Tax Bill

$2,400

Property Tax Bills Across Nutley, Passaic County, New Jersey

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
07110	$7,247	$8,949	$9,903	$13,110	$14,992

Source: Ownwell