Woodstown, Salem County, New Jersey Property Taxes

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

Median Woodstown, NJ effective property tax rate: 3.83%, significantly higher than the national median of 1.02%, but lower than the NJ state median of 2.82%.
Median Woodstown, NJ home value: $200,000
Median annual Woodstown, NJ tax bill: $7,228, $4,828 higher than the national median property tax bill of $2,400.

How are property taxes in Salem County calculated?

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

Last Updated March 1, 2025

Woodstown, Salem County, New Jersey Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

3.83%

Estimate Property Tax Bill

$7,660

$7,108

Ownwell’s Woodstown Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Woodstown with just two data points. By entering your property's estimated assessed value, our calculator applies Woodstown’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 Salem County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Woodstown, Salem County, New Jersey

Local government entities determine tax rates, which can vary significantly within a state. Annually, each county, including Salem County, estimates its required budget to provide essential services. This budget is then divided by the total assessed value of all taxable property within the jurisdiction, resulting in the property tax rate. While votes and laws play a role in setting these rates and budgets, this is the core annual process. In Woodstown, located in Salem County, the effective property tax rate is notably higher than the national median property tax rate of 1.02%. This reflects the broader trend in New Jersey, where property tax rates are often among the highest in the nation. Comparing Woodstown's property tax rate to other cities in New Jersey and the U.S. highlights the significant variance in tax burdens homeowners face. Understanding these differences is crucial for property owners seeking to manage their tax liabilities effectively.

Property Tax Rates Across Woodstown, Salem County, New Jersey

Source: Ownwell

1.62%

3.19%

4.75%

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 Woodstown Tax Rate

3.83%

Median Effective Salem County Tax Rate

3.71%

Median Effective New Jersey Tax Rate

2.82%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Woodstown, Salem County, New Jersey

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
08098	3.18%	3.37%	3.83%	3.91%	3.91%

Source: Ownwell

Property Tax Assessment Values Across Woodstown, Salem County, New Jersey

When examining property taxes in Woodstown, 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 Salem 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 Salem 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 Woodstown. For example, the median home price in Woodstown is $200,000, with tax bills ranging significantly across the county. The 08098 zip code has the highest median home price at $200,000.

Property Tax Assessment Values Across Woodstown, Salem County, New Jersey

Source: Ownwell

$89,450

$178,125

$266,800

Median Woodstown Market Value

$200,000

Median Salem County Market Value

$154,700

Median New Jersey Market Value

$282,900

Median United States Market Value

$235,294

Property Tax Assessment Values Across Woodstown, Salem County, New Jersey

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
08098	$121,840	$159,200	$200,000	$248,200	$324,000

Source: Ownwell

Property Tax Bills Across Woodstown, Salem County, New Jersey

In Woodstown, located in Salem County, NJ, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. The assessed value is a percentage of the property's market value, and the tax rate is set by local government entities to meet budgetary needs. In Woodstown, the median property tax bill is $7,228, significantly higher than the national median of $2,400. Homeowners in this area face tax bills ranging from $5,737 at the 25th percentile to $11,959 at the 90th percentile, influenced by factors such as property size, location, and improvements.

High property tax bills can pose a financial burden on homeowners, but Ownwell offers a solution. By providing expert property tax appeal and exemption services, Ownwell helps homeowners potentially reduce their tax liabilities. Our team analyzes your property's assessment and identifies opportunities for savings, ensuring you only pay your fair share. With Ownwell's support, homeowners can navigate the complexities of property taxes and achieve significant savings.

Property Tax Bills Across Woodstown, Salem County, New Jersey

Source: Ownwell

$1,408

$5,230

$9,052

Median Woodstown Tax Bill

$7,228

Median Salem County Tax Bill

$5,715

Median New Jersey Tax Bill

$8,227

Median United States Tax Bill

$2,400

Property Tax Bills Across Woodstown, Salem County, New Jersey

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
08098	$4,290	$5,737	$7,228	$9,115	$11,959

Source: Ownwell