Demarest, Bergen County, New Jersey Property Taxes
Median Demarest, NJ effective property tax rate: 2.84%, significantly higher than the national median of 1.02%, but slightly higher than the New Jersey state median of 2.82%.
Median Demarest, NJ home value: $626,950
Median annual Demarest, NJ tax bill: $17,799, $15,399 higher than the national median property tax bill of $2,400.
How are property taxes in Bergen calculated?
Property taxes in Demarest, 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 Demarest’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Demarest, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Demarest, Bergen County, New Jersey Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
2.84%
Estimate Property Tax Bill
$17,805
$16,523
Ownwell’s Demarest Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Demarest with just two data points. By entering your property's estimated assessed value, our calculator applies Demarest’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 Bergen County. For those interested in more localized information, please scroll down to explore city-level trends!
Property Tax Rates Across Demarest, 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 Demarest, Bergen County, NJ, the effective property tax rate stands out significantly compared to other cities in New Jersey and the national average. With a property tax rate of 2.84%, Demarest's rate is nearly three times the national median property tax rate of 1.02%. This places a substantial burden on homeowners, as the property tax bill far exceeds the national median of $2,400. Such a high tax rate can impact the affordability and attractiveness of the area for potential homeowners. Understanding these rates is crucial for property owners in Demarest as they navigate their financial obligations and consider potential savings through tax 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 Demarest Tax Rate
2.84%
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 Demarest, Bergen County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 07627 | 2.84% | 2.84% | 2.84% | 2.84% | 2.84% |
Source: Ownwell
Property Tax Assessment Values Across Demarest, Bergen County, New Jersey
When examining property taxes in Demarest, 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 Demarest. For example, the median home price in Demarest is $626,950, with tax bills ranging significantly across the county. Zip code 07627 has the highest median home price at $626,950.
Property Tax Assessment Values Across Demarest, Bergen County, New Jersey
Source: Ownwell
$256,600
$1,236,600
$2,216,600
Median Demarest Market Value
$626,950
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 Demarest, Bergen County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 07627 | $418,520 | $482,900 | $626,950 | $993,375 | $1,394,670 |
Source: Ownwell
Property Tax Bills Across Demarest, Bergen County, New Jersey
Median Demarest Tax Bill
$17,799
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 Demarest, Bergen County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 07627 | $11,879 | $13,705 | $17,799 | $28,129 | $39,536 |
Source: Ownwell