Linwood City, Atlantic County, New Jersey Property Taxes
Median Linwood City, NJ effective property tax rate: 3.82%, significantly higher than the national median of 1.02%, and higher than the New Jersey state median of 2.88%.
Median Linwood City, NJ home value: $119,100
Median annual Linwood City, NJ tax bill: $4,544, $2,144 higher than the national median property tax bill of $2,400.
How are property taxes in Atlantic County calculated?
Property taxes in Linwood City, 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 Linwood City's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Linwood City, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Linwood City, Atlantic County, New Jersey Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
3.82%
Estimate Property Tax Bill
$4,550
$4,222
Property Tax Rates Across Linwood City, Atlantic County, New Jersey
Local government entities determine tax rates, which can differ significantly across a state. This variation occurs because each county calculates its necessary budget for services annually and divides that by the total value of all taxable property within its borders. This calculation produces the property tax rate. While the process involves votes and laws, this is essentially how it unfolds each year.
Now, let's delve into Linwood City's effective property tax rate compared to other cities in New Jersey and the median property tax rates in New Jersey and the United States. Linwood City's tax rate is considerably higher than the national median property tax rate of 1.02% and also surpasses the state median. This elevated rate reflects the local government's budgetary needs and the assessed values within the region.
Such differences can impact property owners significantly, making it essential to understand how these rates are determined. By comparing Linwood City's tax rate to other areas, property owners can better grasp their tax obligations and explore potential savings through appeals or exemptions.
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 Linwood City Tax Rate
3.82%
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 Linwood City, Atlantic County, New Jersey
Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
---|
Source: Ownwell
Property Tax Assessment Values Across Linwood City, Atlantic County, New Jersey
When examining property taxes in Linwood City, 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 Board of Taxation 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 March. 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 Linwood City.
For example, the median home price in Linwood City is $119,100, with tax bills ranging significantly across the county.
Property Tax Assessment Values Across Linwood City, Atlantic County, New Jersey
Source: Ownwell
$16,800
$406,900
$797,000
Median Linwood City Market Value
$119,100
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 Linwood City, Atlantic County, New Jersey
Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
---|
Source: Ownwell
Property Tax Bills Across Linwood City, Atlantic County, New Jersey
Median Linwood City Tax Bill
$4,544
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 Linwood City, Atlantic County, New Jersey
Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
---|
Source: Ownwell