Vienna, Warren County, New Jersey Property Taxes
The median property tax rate in Vienna, NJ is 3.51%, significantly higher than both the national median of 0.99% and the New Jersey state median of 2.82%. With the median home value in Vienna, the typical annual property tax bill reaches $6,023, far exceeding the national median of $2,690. Property taxes in Vienna 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 Vienna'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 Vienna 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
Vienna, Warren County, New Jersey Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.51%
Estimate Property Tax Bill
$6,199
$5,752
Ownwell’s Vienna Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Vienna with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Vienna 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 Vienna, Warren County, New Jersey
Property taxes in Vienna, 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 Vienna is 3.51%, significantly higher than both the New Jersey state median and the U.S. national median of 0.99%. Local government entities within Vienna set these rates annually, and they can vary significantly across different neighborhoods. Each year, Vienna 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 Vienna's effective property tax rate to other counties in New Jersey and the national median. For comparison, the 07880 zip code has the highest median property tax rate of 3.51%, while the same zip code also has the lowest median tax rate of 3.51%. Understanding how these cities compare with Vienna 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 Vienna Tax Rate
3.51%
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 Vienna, Warren County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 07880 | 2.63% | 3.26% | 3.50% | 3.50% | 3.51% |
Source: Ownwell
Property Tax Assessment Values Across Vienna, Warren County, New Jersey
In Vienna, 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 Vienna, 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. The median home price in Vienna stands at $176,600, with tax bills varying significantly. For instance, the tax bill at the 25th percentile is $4,877, while at the 75th percentile, it reaches $7,476. The highest median tax bill is found in the 07880 zip code, amounting to $6,023. 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 Vienna, Warren County, New Jersey
Source: Ownwell
$150,800
$241,250
$331,700
Average Vienna Assessed Value
$176,600
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 Vienna, Warren County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 07880 | $136,150 | $153,750 | $176,600 | $218,675 | $256,190 |
Source: Ownwell
Property Tax Bills Across Vienna, Warren County, New Jersey
In Vienna, 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, who evaluates the property’s market value. This assessed value is then multiplied by the tax rate to calculate the annual tax bill. For homeowners in Vienna, the median home price is $176,600. The tax bill can vary significantly, with the 25th percentile at $4,877 and the 75th percentile at $7,476. Those in the 90th percentile can expect to pay around $8,959. These figures indicate that property taxes in Vienna are notably higher than the national median property tax rate of 0.99%. High property taxes can impact homeowners by increasing the overall cost of homeownership, potentially affecting housing affordability. However, these taxes also contribute to local services and infrastructure, which can enhance the quality of life in the community. Understanding these factors is crucial for homeowners when budgeting and planning for long-term financial stability.
Average Vienna Tax Bill
$6,023
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 Vienna, Warren County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 07880 | $3,865 | $4,877 | $6,023 | $7,476 | $8,959 |
Source: Ownwell