Salem County Property Taxes
The median property tax rate in Salem County is 3.71%, which is significantly higher than both the national median of 0.99% and the New Jersey state median of 2.82%. With the median home value in Salem County, the typical annual property tax bill reaches $5,715, far exceeding the national median of $2,690. Property taxes in Salem County are calculated based on the tax assessed value, which generally falls below the actual market value due to various property tax exemptions like the primary residence and agricultural exemptions. Understanding Salem County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Salem or another part of Salem County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Salem County Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.71%
Estimate Property Tax Bill
$5,739
$5,326
Ownwell’s Salem County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Salem County with just two data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Salem 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 Salem County, New Jersey
Property taxes in Salem County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Salem County is 3.71%, which is significantly higher than the U.S. national median of 0.99%. Local government entities within Salem County set these rates annually, and they can vary significantly between different areas within the county. Each year, Salem County 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 Pennsville has one of the higher property tax rates in New Jersey at 4.75%, while the city of Hancocks Bridge boasts one of the lowest at 1.62%. Analyzing how Salem County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Salem County Tax Rate
3.71%
Average New Jersey Tax Rate
2.82%
Average United States Tax Rate
0.99%
Property Tax Rates Across Salem County, New Jersey
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Alloway | 2.89% | 3.12% | 3.18% | 3.18% | 3.18% |
| Bridgeton | 2.91% | 3.12% | 3.18% | 3.29% | 3.29% |
| Carneys Point | 3.20% | 3.33% | 3.35% | 3.35% | 3.35% |
| Deepwater | 3.40% | 4.47% | 4.75% | 4.75% | 4.75% |
| Elmer | 2.92% | 3.61% | 3.90% | 3.98% | 4.01% |
| Hancocks Bridge | 1.37% | 1.62% | 1.62% | 1.62% | 1.62% |
| Mannington | 3.47% | 3.47% | 3.47% | 3.47% | 3.47% |
| Monroeville | 2.80% | 2.91% | 2.91% | 2.92% | 2.92% |
| Newfield | 2.80% | 2.91% | 2.91% | 2.92% | 2.92% |
| Pedricktown | 2.44% | 2.65% | 2.73% | 2.73% | 2.74% |
| Penns Grove | 2.73% | 3.35% | 3.35% | 5.03% | 5.05% |
| Pennsville | 3.91% | 4.62% | 4.75% | 4.75% | 4.75% |
| Pilesgrove | 3.18% | 3.36% | 3.49% | 3.49% | 3.49% |
| Pittsgrove | 3.62% | 3.85% | 3.96% | 3.98% | 3.98% |
| Quinton | 2.96% | 3.16% | 3.29% | 3.29% | 3.29% |
| Salem | 1.62% | 2.86% | 3.29% | 7.61% | 7.61% |
| Swedesboro | 2.34% | 2.47% | 2.73% | 2.73% | 2.73% |
| Vineland | 3.98% | 3.98% | 3.98% | 3.98% | 3.98% |
| Woodstown | 3.18% | 3.37% | 3.83% | 3.91% | 3.91% |
Source: Ownwell
Property Tax Assessment Values Across Salem County, New Jersey
Understanding the difference between "market value" and "assessed value" is key to comprehending property taxes in Salem County, NJ. 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 Salem 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 Salem 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. For instance, Pilesgrove has the highest median tax bill at $9,052, while Hancocks Bridge has the lowest at $1,408. Being aware of these valuation processes will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Property Tax Assessment Values Across Salem County, New Jersey
Source: Ownwell
$55,800
$161,300
$266,800
Average Salem County Assessed Value
$154,700
Average New Jersey Assessed Value
$282,900
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Salem County, New Jersey
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Alloway | $97,870 | $121,100 | $152,900 | $192,550 | $246,660 |
| Bridgeton | $110,580 | $136,700 | $185,900 | $250,200 | $304,320 |
| Carneys Point | $31,960 | $119,500 | $138,900 | $152,875 | $201,570 |
| Deepwater | $67,510 | $78,925 | $90,850 | $102,800 | $132,600 |
| Elmer | $110,200 | $138,800 | $176,600 | $231,000 | $289,600 |
| Hancocks Bridge | $53,150 | $75,400 | $89,450 | $106,500 | $135,800 |
| Mannington | $27,000 | $37,800 | $55,800 | $73,800 | $84,600 |
| Monroeville | $165,770 | $199,875 | $240,850 | $302,075 | $354,150 |
| Newfield | $139,050 | $167,900 | $204,050 | $237,175 | $308,760 |
| Pedricktown | $114,850 | $145,825 | $191,850 | $255,450 | $309,460 |
| Penns Grove | $63,100 | $92,000 | $115,900 | $153,100 | $205,100 |
| Pennsville | $97,930 | $120,800 | $149,050 | $181,425 | $223,110 |
| Pilesgrove | $158,900 | $203,200 | $266,800 | $337,600 | $414,700 |
| Pittsgrove | $93,940 | $121,700 | $161,650 | $240,375 | $313,990 |
| Quinton | $48,400 | $90,050 | $115,500 | $141,000 | $160,000 |
| Salem | $31,000 | $48,000 | $104,500 | $171,800 | $238,440 |
| Swedesboro | $107,800 | $136,850 | $162,400 | $187,650 | $219,200 |
| Vineland | $106,600 | $106,600 | $106,600 | $106,600 | $106,600 |
| Woodstown | $121,840 | $159,200 | $200,000 | $248,200 | $324,000 |
Source: Ownwell
Property Tax Bills Across Salem County, New Jersey
In Salem County, NJ, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. The assessed value is then multiplied by the county's property tax rate. For homeowners, this means their tax bill can vary significantly depending on their property's assessed value and the specific tax rate applied. Factors that influence the tax bill include the property's location, size, and condition. For instance, in Salem County, the median home price is $154,700. The tax bill for homes in the 25th percentile is $4,022, while those in the 75th percentile pay around $7,733. Homes in the 90th percentile face even higher bills, reaching up to $10,103. The impact on homeowners can be substantial. For example, Pilesgrove has the highest median tax bill at $9,052, whereas Hancocks Bridge has the lowest at $1,408. Compared to the national median property tax rate of 0.99%, Salem County homeowners often face higher tax obligations, making it crucial for them to understand these factors.
Average Salem County Tax Bill
$5,715
Average New Jersey Tax Bill
$8,227
Average United States Tax Bill
$2,690
Property Tax Bills Across Salem County, New Jersey
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Alloway | $2,880 | $3,773 | $4,772 | $5,989 | $7,708 |
| Bridgeton | $3,389 | $4,310 | $5,919 | $7,832 | $9,765 |
| Carneys Point | $1,375 | $3,607 | $4,720 | $5,190 | $6,120 |
| Deepwater | $2,975 | $3,524 | $3,986 | $4,587 | $5,700 |
| Elmer | $4,074 | $5,135 | $6,467 | $8,448 | $10,926 |
| Hancocks Bridge | $862 | $1,203 | $1,408 | $1,624 | $2,202 |
| Mannington | $936 | $1,311 | $1,935 | $2,559 | $2,933 |
| Monroeville | $4,776 | $5,742 | $6,971 | $8,728 | $10,239 |
| Newfield | $3,834 | $4,883 | $5,942 | $6,914 | $8,850 |
| Pedricktown | $2,986 | $3,838 | $5,034 | $6,884 | $8,435 |
| Penns Grove | $2,580 | $3,284 | $4,194 | $5,400 | $7,025 |
| Pennsville | $4,370 | $5,447 | $6,736 | $8,319 | $10,259 |
| Pilesgrove | $5,294 | $6,831 | $9,052 | $11,601 | $14,315 |
| Pittsgrove | $3,693 | $4,635 | $6,304 | $9,407 | $11,904 |
| Quinton | $1,649 | $2,640 | $3,608 | $4,595 | $5,080 |
| Salem | $1,682 | $2,473 | $3,668 | $5,267 | $7,301 |
| Swedesboro | $2,667 | $3,384 | $4,196 | $4,907 | $5,819 |
| Vineland | $4,244 | $4,244 | $4,244 | $4,244 | $4,244 |
| Woodstown | $4,290 | $5,737 | $7,228 | $9,115 | $11,959 |
Source: Ownwell