Vernon, Sussex County, New Jersey Property Taxes

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

Median Vernon, NJ effective property tax rate: 2.82%, significantly higher than the national median of 1.02%, but equal to the New Jersey state median of 2.82%.
Median Vernon, NJ home value: $164,800
Median annual Vernon, NJ tax bill: $4,649, $2,249 higher than the national median property tax bill of $2,400.

How are property taxes in Sussex calculated?

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

Last Updated March 1, 2025

Vernon, Sussex County, New Jersey Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.82%

Estimate Property Tax Bill

$4,647

$4,313

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

Property Tax Rates Across Vernon, Sussex 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 Vernon’s effective property tax rate to other cities in New Jersey and the median property tax rates in New Jersey and the U.S. Vernon, located in Sussex County, has a median property tax rate of 2.82%. This is significantly higher than the national median property tax rate of 1.02%. The property tax rate in Vernon is among the highest in the nation, reflecting the state's overall high property tax environment. Understanding these rates is crucial for homeowners looking to manage their property tax expenses effectively. By comparing these figures, you can gain a clearer perspective on how Vernon's property taxes stand in relation to both state and national averages.

Property Tax Rates Across Vernon, Sussex County, New Jersey

Source: Ownwell

2.81%

3.52%

4.23%

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 Vernon Tax Rate

2.82%

Median Effective Sussex County Tax Rate

3.40%

Median Effective New Jersey Tax Rate

2.82%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Vernon, Sussex County, New Jersey

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
07462	2.82%	2.82%	2.82%	2.82%	2.82%

Source: Ownwell

Property Tax Assessment Values Across Vernon, Sussex County, New Jersey

When examining property taxes in Vernon, 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 Sussex County Tax Assessor 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 Sussex County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. 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 Vernon. For example, the median home price in Vernon is $164,800, with tax bills ranging significantly across the county. 07462 has the highest median home price at $164,800.

Property Tax Assessment Values Across Vernon, Sussex County, New Jersey

Source: Ownwell

$156,900

$263,075

$369,250

Median Vernon Market Value

$164,800

Median Sussex County Market Value

$229,300

Median New Jersey Market Value

$282,900

Median United States Market Value

$235,294

Property Tax Assessment Values Across Vernon, Sussex County, New Jersey

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
07462	$12,100	$91,025	$164,800	$251,200	$329,510

Source: Ownwell

Property Tax Bills Across Vernon, Sussex County, New Jersey

In Vernon, NJ, property tax bills are calculated based on the assessed value of the property, which is determined by the local tax assessor. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. Factors such as the property's location, size, and condition play a crucial role in determining its assessed value. The median property tax bill in Vernon is $4,649, which is significantly higher than the national median of $2,400. Homeowners in Vernon face a property tax rate that is above the national median rate of 1.02%, impacting their annual expenses considerably.

For homeowners looking to reduce their property tax bills, Ownwell offers valuable services. By analyzing the assessed value of a home and comparing it with similar properties, Ownwell identifies potential discrepancies and assists homeowners in filing appeals for lower assessments. This process can lead to substantial savings, providing financial relief and ensuring that homeowners are not overpaying on their property taxes.

Property Tax Bills Across Vernon, Sussex County, New Jersey

Source: Ownwell

$4,514

$7,658

$10,801

Median Vernon Tax Bill

$4,649

Median Sussex County Tax Bill

$7,518

Median New Jersey Tax Bill

$8,227

Median United States Tax Bill

$2,400

Property Tax Bills Across Vernon, Sussex County, New Jersey

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
07462	$341	$2,568	$4,649	$7,076	$9,265

Source: Ownwell