Johnsonburg, New Jersey Property Taxes
The median property tax rate in Johnsonburg, NJ is 2.42%, 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 Johnsonburg at $177,250, the typical annual property tax bill reaches $4,267, significantly exceeding the national median of $2,690. Property taxes in Johnsonburg 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 Johnsonburg'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 Johnsonburg 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
Johnsonburg, New Jersey Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.42%
Estimate Property Tax Bill
$4,289
$3,980
Ownwell’s Johnsonburg Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Johnsonburg with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Johnsonburg 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 the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Johnsonburg, New Jersey
Property taxes in Johnsonburg, New Jersey, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Johnsonburg is 2.42%, significantly higher than the U.S. national median of 0.99%. Local government entities within Johnsonburg set these rates annually, and they can vary significantly across different neighborhoods. Each year, Johnsonburg 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 Johnsonburg's effective property tax rate to other areas in Warren County and the national median. For comparison, the zip code 07825 has the highest median property tax rate of 2.42%, while zip code 07846 has the lowest median tax rate of 2.42%. Understanding how these areas compare with Johnsonburg 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 Johnsonburg Tax Rate
2.42%
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 Johnsonburg, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 07825 | 2.42% | 2.42% | 2.42% | 2.42% | 2.42% |
| 07846 | 2.42% | 2.42% | 2.42% | 2.42% | 2.42% |
Source: Ownwell
Property Tax Assessment Values Across Johnsonburg, New Jersey
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Johnsonburg, New Jersey. 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 Warren County 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 Johnsonburg, 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. For instance, the median home price in the area is $177,250, with tax bills ranging from $3,557 at the 25th percentile to $6,155 at the 90th percentile. The zip code 07846 has the highest median tax bill at $4,505, while 07825 has the lowest at $4,266. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Johnsonburg, New Jersey
Source: Ownwell
$139,000
$278,450
$417,900
Average Johnsonburg Assessed Value
$177,250
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 Johnsonburg, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 07825 | $76,800 | $147,300 | $176,400 | $190,900 | $245,200 |
| 07846 | $122,220 | $142,600 | $186,300 | $244,000 | $292,420 |
Source: Ownwell
Property Tax Bills Across Johnsonburg, New Jersey
In Johnsonburg, located in Warren County, NJ, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the local tax assessor and is intended to reflect the market value of the property. For homeowners in Johnsonburg, the median home price is $177,250, which serves as a baseline for the tax calculation. The tax bill can vary significantly, with the 25th percentile tax bill at $3,557 and the 75th percentile reaching $4,884. At the 90th percentile, homeowners might see tax bills as high as $6,155. This range illustrates how property values and local tax rates combine to affect individual tax bills. In comparison to the national median property tax rate of 0.99%, Johnsonburg's rates are relatively high, reflecting New Jersey's overall higher property tax rates. This can have a substantial impact on homeowners, influencing decisions on buying, selling, or investing in property within the area.
Average Johnsonburg Tax Bill
$4,267
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 Johnsonburg, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 07825 | $1,859 | $3,618 | $4,266 | $4,677 | $5,956 |
| 07846 | $2,955 | $3,448 | $4,505 | $5,900 | $7,071 |
Source: Ownwell