Ventnor City, Atlantic County, New Jersey Property Taxes

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

Median Ventnor City, NJ effective property tax rate: 2.57%, significantly higher than the national median of 1.02%, but lower than the New Jersey state median of 2.82%.
Median Ventnor City, NJ home value: $240,700
Median annual Ventnor City, NJ tax bill: $6,155, $3,755 higher than the national median property tax bill of $2,400.

How are property taxes in Atlantic County calculated?

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

Last Updated March 1, 2025

Ventnor City, Atlantic County, New Jersey Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.57%

Estimate Property Tax Bill

$6,186

$5,740

Ownwell’s Ventnor City Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Ventnor City with just two data points. By entering your property's estimated assessed value, our calculator applies Ventnor 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 Ventnor City, 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, resulting in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, this is the annual process. Ventnor City in Atlantic County, NJ, has an effective property tax rate that stands out when compared to other cities in New Jersey and the national median. This rate reflects the county's approach to balancing its budgetary needs with the value of properties. New Jersey's median property tax rate is notably higher than the national median, making it crucial for property owners to understand how these rates are determined and the potential for appealing them. By comparing Ventnor City's tax rate to both state and national figures, property owners can gain insights into how their tax burden aligns with broader trends. Understanding these differences is essential for property owners considering an appeal or seeking exemptions, as it provides context for their property's assessed value relative to others.

Property Tax Rates Across Ventnor City, Atlantic County, New Jersey

Source: Ownwell

1.01%

2.97%

4.94%

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 Ventnor City Tax Rate

2.57%

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 Ventnor City, Atlantic County, New Jersey

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
08406	2.57%	2.57%	2.57%	2.57%	2.57%

Source: Ownwell

Property Tax Assessment Values Across Ventnor City, Atlantic County, New Jersey

When examining property taxes in Ventnor 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 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 May. 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 Ventnor City. For example, the median home price in Ventnor City is $240,700, with tax bills ranging significantly across the county. Zip code 08406 has the highest median home price at $240,700.

Property Tax Assessment Values Across Ventnor City, Atlantic County, New Jersey

Source: Ownwell

$104,600

$357,300

$610,000

Median Ventnor City Market Value

$240,700

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 Ventnor City, Atlantic County, New Jersey

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
08406	$101,450	$175,175	$240,700	$355,825	$625,150

Source: Ownwell

Property Tax Bills Across Ventnor City, Atlantic County, New Jersey

In Ventnor City, NJ, property tax bills are calculated by multiplying the assessed value of a home by the local tax rate. The median home price in Ventnor City is $240,700, which influences the assessed value and, consequently, the tax bill. Factors such as property size, location, and improvements can also impact the assessed value. Homeowners in Ventnor City face a significant property tax burden, with tax bills ranging from $4,501 at the 25th percentile to $15,599 at the 90th percentile. The median property tax bill is $6,155, significantly higher than the national median of $2,400. This high tax burden can strain homeowners' finances, making it essential to explore ways to reduce it. Ownwell assists homeowners by identifying potential savings through property tax appeals and exemptions. By leveraging expertise in property tax laws and assessments, Ownwell can help homeowners in Ventnor City potentially lower their tax bills, providing much-needed financial relief and ensuring they only pay their fair share.

Property Tax Bills Across Ventnor City, Atlantic County, New Jersey

Source: Ownwell

$3,867

$6,498

$9,128

Median Ventnor City Tax Bill

$6,155

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 Ventnor City, Atlantic County, New Jersey

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
08406	$2,607	$4,501	$6,155	$8,868	$15,599

Source: Ownwell