Hamilton Twp, Atlantic County, New Jersey Property Taxes
Median Hamilton Township, NJ effective property tax rate: 3.43%, significantly higher than the national median of 1.02%, and higher than the New Jersey state median of 2.88%.
Median Hamilton Township, NJ home value: $55,000
Median annual Hamilton Township, NJ tax bill: $1,887, $513 lower than the New Jersey state median property tax bill, and lower than the national median property tax bill of $2,400.
How are property taxes in Atlantic County calculated?
Property taxes in Hamilton Township, 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 Hamilton Township's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Hamilton Township, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Hamilton Twp, Atlantic County, New Jersey Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
3.43%
Estimate Property Tax Bill
$1,887
$1,751
Property Tax Rates Across Hamilton Twp, Atlantic County, New Jersey
Local government entities set tax rates, which can vary widely within a state. Each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.
In Hamilton Township, located in Atlantic County, New Jersey, the effective property tax rate is significantly higher than both the state and national medians. The township's median tax rate stands at 3.43%, which is notably higher than the national median property tax rate of 1.02%. This means residents in Hamilton Township can expect to pay a substantial amount more in property taxes compared to the average American homeowner.
When compared to other cities within New Jersey, Hamilton Township's tax rate is among the highest, indicating a greater financial burden on property owners. This high rate reflects the county's need to generate sufficient revenue to fund local services, which can include schools, infrastructure, and public safety, among others.
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 Hamilton Twp Tax Rate
3.43%
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 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 Hamilton Twp, Atlantic County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 08330 | 3.34% | 3.43% | 3.43% | 3.43% | 3.43% |
Source: Ownwell
Property Tax Assessment Values Across Hamilton Twp, Atlantic County, New Jersey
When examining property taxes in Hamilton Twp, 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 appraisal district 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 Hamilton Twp. For example, the median home price in Hamilton Twp is $55,000, with tax bills ranging significantly across the county. Zip code 08330 has the highest median home price at $71,400.
Property Tax Assessment Values Across Hamilton Twp, Atlantic County, New Jersey
Source: Ownwell
$16,800
$406,900
$797,000
Median Hamilton Twp Market Value
$55,000
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 Hamilton Twp, Atlantic County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 08330 | $14,660 | $28,700 | $71,400 | $130,400 | $162,660 |
Source: Ownwell
Property Tax Bills Across Hamilton Twp, Atlantic County, New Jersey
Median Hamilton Twp Tax Bill
$1,887
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 Hamilton Twp, Atlantic County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 08330 | $503 | $985 | $2,450 | $4,474 | $5,581 |
Source: Ownwell