Somers Point City, Atlantic County, New Jersey Property Taxes

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

Median Somers Point City, NJ effective property tax rate: 3.58%, significantly higher than the national median of 1.02%, and higher than the New Jersey state median of 2.88%.
Median Somers Point City, NJ home value: $138,900
Median annual Somers Point City, NJ tax bill: $4,967, $2,567 higher than the national median property tax bill of $2,400.

How are property taxes in Atlantic County calculated?

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

Last Updated March 1, 2025

Somers Point City, Atlantic County, New Jersey Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

3.58%

Estimate Property Tax Bill

$4,973

$4,614

Ownwell’s Somers Point City Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Somers Point City with just two data points. By entering your property's estimated assessed value, our calculator applies Somers Point City’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your 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 Somers Point City, Atlantic County, New Jersey

Local government entities are responsible for setting tax rates, which can vary significantly 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 votes and laws are involved in setting tax rates and budgets, this is the annual process in a nutshell.

SOMERS POINT CITY in Atlantic County, NJ, has a notably high effective property tax rate of 3.58%, which is higher than both the median property tax rate in New Jersey and the national median of 1.02%. This means that residents in SOMERS POINT CITY pay a significantly higher property tax bill compared to the national median of $2,400. This higher tax rate reflects the local government's budgetary needs and the total assessed value of properties within the area. Understanding these rates is crucial for property owners who are considering appealing their property taxes or seeking exemptions to manage their financial obligations effectively.

Property Tax Rates Across Somers Point City, 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 Somers Point City Tax Rate

3.58%

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 Somers Point City, Atlantic County, New Jersey

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

Source: Ownwell

Property Tax Assessment Values Across Somers Point City, Atlantic County, New Jersey

When examining property taxes in Somers Point 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 Somers Point City. For example, the median home price in Somers Point City is $138,900, with tax bills ranging significantly across the county.

Property Tax Assessment Values Across Somers Point City, Atlantic County, New Jersey

Source: Ownwell

$16,800

$406,900

$797,000

Median Somers Point City Market Value

$138,900

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 Somers Point City, Atlantic County, New Jersey

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

Source: Ownwell

Property Tax Bills Across Somers Point City, Atlantic County, New Jersey

In Somers Point City, NJ, property tax bills are calculated based on the assessed value of a property, which is determined by the local tax assessor. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. For homeowners in Somers Point City, the property tax rate is significantly higher than the national median of 1.02%, resulting in tax bills that can be quite substantial. The median home price in the area is $138,900, and tax bills range widely, with the 25th percentile at $3,733 and the 90th percentile reaching $15,106. These figures highlight the potential burden on homeowners, especially when compared to the national median property tax bill of $2,400. Ownwell can assist homeowners in Somers Point City by providing expert property tax appeal and exemption services. By analyzing the assessed value and ensuring it aligns with the true market value, Ownwell helps clients potentially reduce their tax bills, offering significant savings and easing the financial strain of high property taxes.

Property Tax Bills Across Somers Point City, Atlantic County, New Jersey

Source: Ownwell

$562

$5,441

$10,320

Median Somers Point City Tax Bill

$4,967

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 Somers Point City, Atlantic County, New Jersey

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

Source: Ownwell