Buena Borough, Atlantic County, New Jersey Property Taxes

Name: Property Tax Bills Across Buena Borough, Atlantic County, New Jersey
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Buena Borough, NJ effective property tax rate: 3.44%, significantly higher than the national median of 1.02%, and higher than the New Jersey state median of 2.88%.
Median Buena Borough, NJ home value: $143,400
Median annual Buena Borough, NJ tax bill: $4,933, $2,533 higher than the national median property tax bill of $2,400.

How are property taxes in Atlantic County calculated?

Property taxes in Buena Borough, 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 Buena Borough's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Buena Borough, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Buena Borough, Atlantic County, New Jersey Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

3.44%

Estimate Property Tax Bill

$4,933

$4,578

Ownwell’s Buena Borough Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Buena Borough with just two data points. By entering your property's estimated assessed value, our calculator applies Buena Borough’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by Atlantic County — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Atlantic County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Buena Borough, Atlantic County, New Jersey

Local government entities determine property tax rates, which can differ significantly across regions. Annually, each county calculates the necessary budget to fund services and divides this by the total assessed value of all taxable properties in the area. This process establishes the property tax rate. Although votes and regulations play a role in setting these rates and budgets, this is the core of the annual procedure.

Comparing Buena Borough's effective property tax rate to other cities in New Jersey and the national median reveals interesting insights. Buena Borough, located in Atlantic County, has a tax rate of 3.44%, significantly higher than both the state and national medians. With a national median property tax rate of 1.02% and a median bill of $2400, Buena Borough's rate stands out as notably elevated. This higher rate reflects the county's budgetary requirements and the assessed property values within its jurisdiction. Understanding these differences can help property owners make informed decisions about property investments and tax appeals, ensuring they are well-prepared for their financial responsibilities.

Property Tax Rates Across Buena Borough, Atlantic County, New Jersey

Source: Ownwell

1.12%

3.19%

5.26%

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 Buena Borough Tax Rate

3.44%

Median Effective Atlantic County Tax Rate

3.35%

Median Effective New Jersey Tax Rate

2.88%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Buena Borough, Atlantic County, New Jersey

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile

Source: Ownwell

Property Tax Assessment Values Across Buena Borough, Atlantic County, New Jersey

When examining property taxes in Buena Borough, 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 Atlantic County Tax Assessor's Office 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. In Atlantic County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. 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 Buena Borough. For example, the median home price in Buena Borough is $143,400, with tax bills ranging significantly across the county.

Property Tax Assessment Values Across Buena Borough, Atlantic County, New Jersey

Source: Ownwell

$16,800

$406,900

$797,000

Median Buena Borough Market Value

$143,400

Median Atlantic County Market Value

$188,800

Median New Jersey Market Value

$288,200

Median United States Market Value

$235,294

Property Tax Assessment Values Across Buena Borough, Atlantic County, New Jersey

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile

Source: Ownwell

Property Tax Bills Across Buena Borough, Atlantic County, New Jersey

In Buena Borough, NJ, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. For homeowners in Buena Borough, the median property tax bill is notably higher than the national median, reflecting New Jersey's higher tax rates. While the national median property tax bill is $2,400, homeowners in Atlantic County face a median bill significantly higher, with amounts reaching up to $8,935 for those in the 90th percentile. Factors influencing these bills include the property's assessed value, local tax rates, and any applicable exemptions. High property taxes can significantly impact homeowners by increasing their annual expenses. Ownwell offers valuable assistance by providing property tax appeal and exemption services. By analyzing assessments and identifying potential discrepancies, Ownwell helps homeowners potentially reduce their tax liabilities, ensuring they pay only their fair share and potentially saving them thousands of dollars annually.

Property Tax Bills Across Buena Borough, Atlantic County, New Jersey

Source: Ownwell

$562

$5,441

$10,320

Median Buena Borough Tax Bill

$4,933

Median Atlantic County Tax Bill

$5,994

Median New Jersey Tax Bill

$8,638

Median United States Tax Bill

$2,400

Property Tax Bills Across Buena Borough, Atlantic County, New Jersey

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile

Source: Ownwell