Richland, Atlantic County, New Jersey Property Taxes
Median Richland, NJ effective property tax rate: 2.92%, significantly higher than the national median of 1.02%, but lower than the New Jersey state median of 2.82%.
Median Richland, NJ home value: $201,900
Median annual Richland, NJ tax bill: $5,860, $3,460 higher than the national median property tax bill of $2,400.
How are property taxes in Atlantic County calculated?
Property taxes in Richland, 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 Richland’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Richland, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Richland, Atlantic County, New Jersey Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
2.92%
Estimate Property Tax Bill
$5,895
$5,471
Property Tax Rates Across Richland, Atlantic County, New Jersey
Local government entities set tax rates, which can vary widely within a state. Each year, counties estimate the required budget to provide essential services and divide that by the total value of all taxable property within their jurisdiction. This calculation results in the property tax rate. While votes and laws play a role in setting these rates and budgets, this is the annual process in a nutshell.
Richland in Atlantic County, NJ, stands out with a notably high effective property tax rate of 2.92%. This is significantly higher than the national median property tax rate of 1.02%. Consequently, residents in Richland face one of the highest property tax burdens in the nation. In comparison to other cities in New Jersey, Richland's rate is among the highest, reflecting the substantial fiscal demands of local governance. Understanding these rates is crucial for homeowners looking to manage their expenses effectively. Whether you're a current resident or considering moving to the area, being informed about property tax rates can aid in making more strategic financial decisions.
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 Richland Tax Rate
2.92%
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
3.23%
Median Effective New Jersey Tax Rate
2.82%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Richland, Atlantic County, New Jersey
Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
08350 | 2.92% | 2.92% | 2.92% | 2.92% | 2.92% |
Source: Ownwell
Property Tax Assessment Values Across Richland, Atlantic County, New Jersey
When examining property taxes in Richland, 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 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 Richland. For example, the median home price in Richland is $201,900, with tax bills ranging significantly across the county. Zip code 08350 has the highest median home price at $201,900.
Property Tax Assessment Values Across Richland, Atlantic County, New Jersey
Source: Ownwell
$104,600
$357,300
$610,000
Median Richland Market Value
$201,900
Median Atlantic County Market Value
$186,700
Median New Jersey Market Value
$282,900
Median United States Market Value
$235,294
Property Tax Assessment Values Across Richland, Atlantic County, New Jersey
Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
08350 | $143,080 | $161,400 | $201,900 | $245,400 | $289,680 |
Source: Ownwell
Property Tax Bills Across Richland, Atlantic County, New Jersey
Median Richland Tax Bill
$5,860
Median Atlantic County Tax Bill
$5,716
Median New Jersey Tax Bill
$8,227
Median United States Tax Bill
$2,400
Property Tax Bills Across Richland, Atlantic County, New Jersey
Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
08350 | $4,171 | $4,685 | $5,860 | $7,142 | $8,462 |
Source: Ownwell