Delaware, Warren County, New Jersey Property Taxes
Median DELAWARE, NJ effective property tax rate: 3.68%, significantly higher than the national median of 1.02%, but lower than the New Jersey state median of 2.82%.
Median DELAWARE, NJ home value: $139,000
Median annual DELAWARE, NJ tax bill: $5,118, $2,718 higher than the national median property tax bill of $2,400.
How are property taxes in Warren calculated?
Property taxes in DELAWARE, 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 DELAWARE’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in DELAWARE, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Delaware, Warren County, New Jersey Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
3.68%
Estimate Property Tax Bill
$5,115
$4,747
Property Tax Rates Across Delaware, Warren County, New Jersey
Local government entities in Delaware, NJ, are responsible for setting property tax rates, which can fluctuate significantly across the state. Each year, Warren County determines its budgetary needs to fund essential services and then divides this budget by the total assessed value of all taxable properties within the county. This calculation establishes the property tax rate for the area. Although the process involves votes and legal considerations, this is the basic annual procedure.
Comparatively, Delaware's effective property tax rate is quite distinct from other cities in New Jersey and stands out against the national median. With New Jersey's median property tax rate significantly higher than the national median of 1.02%, homeowners in Delaware face a unique tax situation. Understanding these rates can help property owners make informed decisions regarding their tax obligations and potential appeals. By examining how Delaware's property tax rates compare to both state and national figures, residents can better navigate the complexities of property taxation and identify opportunities for savings.
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 Delaware Tax Rate
3.68%
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 Warren County Tax Rate
3.47%
Median Effective New Jersey Tax Rate
2.82%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Delaware, Warren County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 07833 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across Delaware, Warren County, New Jersey
When examining property taxes in Delaware, 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 Warren 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.
Assessment notices: In Warren County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of March. 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 Delaware. For example, the median home price in Delaware is $139,000, with tax bills ranging significantly across the county.
Property Tax Assessment Values Across Delaware, Warren County, New Jersey
Source: Ownwell
$150,800
$241,250
$331,700
Median Delaware Market Value
$139,000
Median Warren County Market Value
$207,000
Median New Jersey Market Value
$282,900
Median United States Market Value
$235,294
Property Tax Assessment Values Across Delaware, Warren County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 07833 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Delaware, Warren County, New Jersey
In Delaware, located in Warren County, NJ, property tax bills are calculated based on the assessed value of a property, which is determined by local assessors. The tax rate is applied to this assessed value, resulting in the annual property tax bill. Factors such as property size, location, and market conditions influence the assessed value. With a median home price of $139,000, homeowners in Delaware face property tax bills that can significantly impact their finances. The 25th percentile tax bill is $3,918, which is considerably higher than the national median property tax bill of $2,400. Meanwhile, the 75th and 90th percentiles reach $7,714 and $8,700, respectively, further highlighting the financial burden on homeowners.
Ownwell can assist homeowners in Delaware by providing expert property tax appeal services. By analyzing property assessments and market data, Ownwell identifies opportunities for reducing assessed values, leading to potential savings on tax bills. Our team guides homeowners through the appeal process, ensuring they only pay their fair share, ultimately helping them save money and alleviate financial strain.
Median Delaware Tax Bill
$5,118
Median Warren County Tax Bill
$6,901
Median New Jersey Tax Bill
$8,227
Median United States Tax Bill
$2,400
Property Tax Bills Across Delaware, Warren County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 07833 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell