Short Answer
Property tax rates vary significantly across South Jersey. In Burlington County, effective tax rates range from approximately 2.0% to 3.5% of assessed value. In Camden County, rates are generally similar, ranging from 2.2% to 3.8%. Some towns have higher rates but also offer better schools and services, while others have lower rates but fewer amenities. The annual tax bill depends on both the rate and the home's assessed value.
Property taxes in New Jersey are among the highest in the nation, but they vary substantially from town to town. The effective tax rate, which is the total annual tax bill divided by the home's assessed value, is the best way to compare. In Burlington County, Moorestown has an effective rate around 2.5% to 3.0%, while Medford is around 2.3% to 2.8%. More affordable towns like Willingboro and Pemberton have effective rates closer to 2.0% to 2.5%. In Camden County, Haddonfield has an effective rate around 2.5% to 3.0%, while Cherry Hill is around 2.8% to 3.3%. The annual tax bill can range from $5,000 on a $250,000 home in a lower-tax town to $15,000 or more on a $600,000 home in a higher-tax town. It is important to consider the effective tax rate, not just the nominal rate, because assessed values vary by town. Some towns assess at close to market value, while others assess at a fraction of market value. Your real estate agent and lender should provide estimated tax bills for the homes you are considering.
Bob's Advice
Redfin Senior Agent · AI Certified Agent
Property taxes are a major factor in your monthly housing costs in New Jersey. I always calculate the estimated monthly payment including taxes for every home my clients consider. The tax bill can vary by thousands of dollars between similar-priced homes in different towns. Let me help you understand the full tax picture for any home you are considering.
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