Blairstown, New Jersey Property Taxes
The median property tax rate in Blairstown, NJ is 2.56%, considerably higher than both the national median of 0.99% and the New Jersey state median of 2.82%. With the median home value in Blairstown, the typical annual property tax bill reaches $7,453, exceeding the national median of $2,690. Property taxes in Blairstown are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Blairstown's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Blairstown or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Blairstown, New Jersey Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.56%
Estimate Property Tax Bill
$7,131
$6,617
Ownwell’s Blairstown Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Blairstown with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Blairstown to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by Warren County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Blairstown, New Jersey
Property taxes in Blairstown, New Jersey, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Blairstown is 2.56%, significantly higher than both the New Jersey state median and the U.S. national median of 0.99%. Local government entities within Blairstown set these rates annually, and they can vary significantly across different neighborhoods. Each year, Blairstown estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Blairstown's effective property tax rate to other counties in New Jersey and the national median. For comparison, the 07825 zip code has the highest median property tax rate of 2.56%, while the same zip code also has the lowest median tax rate of 2.56%. Understanding how these cities compare with Blairstown provides valuable insights into the varying tax landscape across Warren County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Blairstown Tax Rate
2.56%
Average Warren County Tax Rate
3.47%
Average New Jersey Tax Rate
2.82%
Average United States Tax Rate
0.99%
Property Tax Rates Across Blairstown, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 07825 | 2.42% | 2.56% | 2.56% | 2.98% | 2.98% |
Source: Ownwell
Property Tax Assessment Values Across Blairstown, New Jersey
In Blairstown, New Jersey, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Warren County Appraisal District for tax purposes. In contrast, the assessed value 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. In Blairstown, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in Blairstown helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code 07825 has the highest and lowest median tax bill at $7,453.
Average Blairstown Assessed Value
$278,550
Average Warren County Assessed Value
$207,000
Average New Jersey Assessed Value
$282,900
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Blairstown, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 07825 | $171,650 | $218,775 | $278,550 | $351,600 | $431,950 |
Source: Ownwell
Property Tax Bills Across Blairstown, New Jersey
In Blairstown, NJ, property tax bills are calculated based on the assessed value of a home and the local tax rate. The median home price in Blairstown is $278,550. Local assessors determine the value of each property, which is then multiplied by the tax rate set by local government authorities. This rate is influenced by budgetary needs for public services such as schools, roads, and emergency services. Homeowners in Blairstown can expect to pay a significant amount in property taxes. For instance, the 25th percentile of tax bills is $5,808, while the 75th percentile reaches $9,298. Higher-end properties can see tax bills as steep as $11,523, placing a substantial financial responsibility on homeowners. Compared to the national median property tax rate of 0.99%, Blairstown's rates are notably higher, reflecting the area's investment in local infrastructure and services. Understanding these factors helps homeowners plan for their annual expenses and manage their financial commitments effectively.
Average Blairstown Tax Bill
$7,453
Average Warren County Tax Bill
$6,901
Average New Jersey Tax Bill
$8,227
Average United States Tax Bill
$2,690
Property Tax Bills Across Blairstown, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 07825 | $4,665 | $5,808 | $7,453 | $9,298 | $11,523 |
Source: Ownwell