Bogota, Bergen County, New Jersey Property Taxes
Median Bogota, NJ effective property tax rate: 4.23%, significantly higher than the national median of 1.02%, but lower than the NJ state median of 2.82%.
Median Bogota, NJ home value: $256,600
Median annual Bogota, NJ tax bill: $10,841, $8,441 higher than the national median property tax bill of $2,400.
How are property taxes in Bergen calculated?
Property taxes in Bogota, 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 Bogota’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Bogota, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Bogota, Bergen County, New Jersey Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
4.23%
Estimate Property Tax Bill
$10,854
$10,072
Property Tax Rates Across Bogota, Bergen 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 Bogota, Bergen County, NJ, the property tax landscape is quite remarkable. Bogota's effective property tax rate stands at 4.23%, which is significantly higher than the national median property tax rate of 1.02%. This means that homeowners in Bogota are contributing a larger portion of their property's value in taxes compared to the national average. When you compare this to other cities within New Jersey, Bogota's rate is among the highest. The median property tax bill in Bogota reflects this elevated rate, emphasizing the importance of understanding local tax dynamics. Bergen County, where Bogota is located, consistently exhibits some of the highest property tax rates in the state. This underscores the need for property owners to stay informed and consider appealing their property assessments to ensure they are not overpaying.
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 Bogota Tax Rate
4.23%
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 Bergen County Tax Rate
2.73%
Median Effective New Jersey Tax Rate
2.82%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Bogota, Bergen County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 07603 | 4.22% | 4.23% | 4.23% | 4.23% | 4.23% |
Source: Ownwell
Property Tax Assessment Values Across Bogota, Bergen County, New Jersey
When examining property taxes in Bogota, 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 Bergen 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 Bergen 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 Bogota. For example, the median home price in Bogota is $256,600, with tax bills ranging significantly across the county. Zip code 07603 has the highest median home price at $256,600.
Property Tax Assessment Values Across Bogota, Bergen County, New Jersey
Source: Ownwell
$256,600
$1,236,600
$2,216,600
Median Bogota Market Value
$256,600
Median Bergen County Market Value
$421,800
Median New Jersey Market Value
$282,900
Median United States Market Value
$235,294
Property Tax Assessment Values Across Bogota, Bergen County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 07603 | $219,500 | $235,300 | $256,600 | $284,300 | $319,500 |
Source: Ownwell
Property Tax Bills Across Bogota, Bergen County, New Jersey
Median Bogota Tax Bill
$10,841
Median Bergen County Tax Bill
$11,253
Median New Jersey Tax Bill
$8,227
Median United States Tax Bill
$2,400
Property Tax Bills Across Bogota, Bergen County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 07603 | $9,270 | $9,941 | $10,841 | $12,012 | $13,499 |
Source: Ownwell