Stewartsville, New Jersey Property Taxes
The median property tax rate in Stewartsville, NJ is 3.47%, 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 Stewartsville at $247,050, the typical annual property tax bill reaches $8,317, far exceeding the national median of $2,690. Property taxes in Stewartsville 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 Stewartsville'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 Stewartsville 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
Stewartsville, New Jersey Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.47%
Estimate Property Tax Bill
$8,573
$7,955
Ownwell’s Stewartsville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Stewartsville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Stewartsville 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 Stewartsville, New Jersey
Property taxes in Stewartsville, New Jersey, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Stewartsville is 3.47%, significantly higher than both the New Jersey state median and the U.S. national median of 0.99%. Local government entities within Stewartsville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Stewartsville 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 Stewartsville's effective property tax rate to other counties in New Jersey and the national median. For comparison, the 08886 zip code has the highest median property tax rate of 3.47%, while the same zip code also has the lowest median tax rate of 3.47%. Understanding how these cities compare with Stewartsville 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 Stewartsville Tax Rate
3.47%
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 Stewartsville, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 08886 | 2.97% | 3.07% | 3.47% | 3.47% | 3.47% |
Source: Ownwell
Property Tax Assessment Values Across Stewartsville, New Jersey
In Stewartsville, 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 Stewartsville, 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. Notably, the median home price in Stewartsville is $247,050, with tax bills ranging significantly. For instance, the 25th percentile tax bill is $5,545, while the 75th percentile tax bill reaches $11,407. The highest median tax bill is $8,317 in the 08886 zip code. 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 helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Stewartsville, New Jersey
Source: Ownwell
$139,000
$278,450
$417,900
Average Stewartsville Assessed Value
$247,050
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 Stewartsville, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 08886 | $124,150 | $182,725 | $247,050 | $335,400 | $391,200 |
Source: Ownwell
Property Tax Bills Across Stewartsville, New Jersey
In Stewartsville, NJ, located in Warren County, 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 market value, which is established by the local tax assessor. For instance, the median home price in Stewartsville is $247,050. Homeowners in the 25th percentile receive tax bills around $5,545, while those in the 75th percentile see bills as high as $11,407. The 90th percentile tax bills can reach up to $13,260. These tax bills are influenced by several factors, including local government budgets, school funding requirements, and public services. The property tax rate in Stewartsville significantly exceeds the national median property tax rate of 0.99%, which can place a substantial financial burden on homeowners. Understanding these factors can help residents anticipate their property tax obligations and plan their finances accordingly.
Average Stewartsville Tax Bill
$8,317
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 Stewartsville, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 08886 | $4,054 | $5,545 | $8,317 | $11,407 | $13,260 |
Source: Ownwell