Hackensack, Bergen County, New Jersey Property Taxes

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

Median Hackensack, NJ effective property tax rate: 2.80%, significantly higher than the national median of 1.02%, but lower than the NJ state median of 2.82%.
Median Hackensack, NJ home value: $303,600
Median annual Hackensack, NJ tax bill: $8,512, $6,112 higher than the national median property tax bill of $2,400.

How are property taxes in Bergen calculated?

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

Last Updated March 1, 2025

Hackensack, Bergen County, New Jersey Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.8%

Estimate Property Tax Bill

$8,501

$7,889

Ownwell’s Hackensack Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Hackensack with just two data points. By entering your property's estimated assessed value, our calculator applies Hackensack’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 Hackensack, Bergen County, New Jersey

Local government entities are responsible for setting property tax rates, which can differ significantly across a state. Each year, counties estimate the budget needed to provide essential services and divide this by the total value of all taxable property within their boundaries. This calculation determines the property tax rate. Although the process involves votes and legislation, this is essentially how it works annually.

In Hackensack, located in Bergen County, the effective property tax rate is notably higher than the national median of 1.02%. This reflects the broader trend in New Jersey, where property tax rates are among the highest in the country. Comparing Hackensack's rate to other cities within the state, it's clear that New Jersey's property taxes are significantly above the national median. Understanding these rates can help property owners make informed decisions about property tax appeals and exemptions. By comparing Hackensack's tax rate to state and national figures, property owners can gain insight into how their tax obligations align with broader trends.

Property Tax Rates Across Hackensack, Bergen County, New Jersey

Source: Ownwell

0.74%

2.48%

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 Hackensack Tax Rate

2.80%

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 Hackensack, Bergen County, New Jersey

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
07601	2.80%	2.80%	2.80%	2.80%	2.80%

Source: Ownwell

Property Tax Assessment Values Across Hackensack, Bergen County, New Jersey

When examining property taxes in Hackensack, 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 Hackensack. For example, the median home price in Hackensack is $303,600, with tax bills ranging significantly across the county. Zip code 07601 has the highest median home price at $303,600.

Property Tax Assessment Values Across Hackensack, Bergen County, New Jersey

Source: Ownwell

$256,600

$1,236,600

$2,216,600

Median Hackensack Market Value

$303,600

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 Hackensack, Bergen County, New Jersey

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
07601	$174,320	$212,050	$303,600	$388,000	$459,680

Source: Ownwell

Property Tax Bills Across Hackensack, Bergen County, New Jersey

In Hackensack, located in Bergen County, NJ, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the local tax assessor and is intended to reflect the market value of the property. The property tax rate in Hackensack is notably higher than the national median, leading to a significant tax burden for homeowners. For instance, the median property tax bill in Hackensack is $8,512, which far exceeds the national median of $2,400. Factors such as property improvements, neighborhood developments, and changes in municipal budgets can influence the assessed value and tax rate, impacting homeowners' annual tax bills. Ownwell offers valuable assistance to homeowners by providing property tax appeal services. By analyzing the assessed value and comparing it with similar properties, Ownwell can help identify discrepancies and file appeals to potentially lower the tax bill. This service ensures homeowners are not overpaying and can save significantly on their property taxes.

Property Tax Bills Across Hackensack, Bergen County, New Jersey

Source: Ownwell

$4,393

$11,280

$18,167

Median Hackensack Tax Bill

$8,512

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 Hackensack, Bergen County, New Jersey

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
07601	$4,887	$5,946	$8,512	$10,855	$12,865

Source: Ownwell