Leonia, Bergen County, New Jersey Property Taxes
Median Leonia, NJ effective property tax rate: 3.18%, significantly higher than the national median of 1.02%, but lower than the New Jersey state median of 2.82%.
Median Leonia, NJ home value: $431,650
Median annual Leonia, NJ tax bill: $13,739, $11,339 higher than the national median property tax bill of $2,400.
How are property taxes in Bergen calculated?
Property taxes in Leonia, 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 Leonia’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Leonia, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Leonia, Bergen County, New Jersey Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
3.18%
Estimate Property Tax Bill
$13,726
$12,738
Property Tax Rates Across Leonia, Bergen County, New Jersey
Local government entities are responsible for setting tax rates, which can vary significantly within a state. Each year, counties estimate their budget needs to fund essential services and divide this by the total assessed value of all taxable properties in their jurisdiction. This calculation determines the property tax rate. While the setting of tax rates and budgets involves votes and laws, this process is essentially how it unfolds annually.
In Leonia, located in Bergen County, the effective property tax rate is considerably higher than both the state and national medians. With a rate of 3.18%, Leonia stands out not only within New Jersey but also on a national scale, where the median property tax rate is 1.02%. This high rate reflects the county's budgetary requirements and the total value of taxable properties. Comparing Leonia's rate to the national median highlights the significant variation in property tax rates across the country. Understanding these differences can help property owners in Leonia make informed decisions about their property tax appeals and 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 Leonia Tax Rate
3.18%
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 Leonia, Bergen County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 07605 | 3.18% | 3.18% | 3.18% | 3.18% | 3.18% |
Source: Ownwell
Property Tax Assessment Values Across Leonia, Bergen County, New Jersey
When examining property taxes in Leonia, 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 Leonia. For example, the median home price in Leonia is $431,650, with tax bills ranging significantly across the county. 07605 has the highest median home price at $431,650.
Property Tax Assessment Values Across Leonia, Bergen County, New Jersey
Source: Ownwell
$256,600
$1,236,600
$2,216,600
Median Leonia Market Value
$431,650
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 Leonia, Bergen County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 07605 | $287,380 | $376,775 | $431,650 | $502,650 | $612,280 |
Source: Ownwell
Property Tax Bills Across Leonia, Bergen County, New Jersey
In Leonia, 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 reflects the market value of the property. Leonia's property tax rate is notably high compared to the national median of 1.02%. Homeowners in Leonia face a median tax bill of $13,739, significantly above the national median of $2,400. This substantial tax burden can impact homeowners' finances, making it essential to ensure that assessments are accurate.
Factors influencing property tax bills include changes in property values, local government budgets, and tax rates set by local authorities. Ownwell assists homeowners by providing property tax appeal services, ensuring that assessments are fair and accurate. By analyzing market data and leveraging local expertise, Ownwell can help homeowners in Leonia potentially reduce their property tax bills, offering relief to those who may be over-assessed. This service can lead to significant savings, easing the financial strain on homeowners.
Median Leonia Tax Bill
$13,739
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 Leonia, Bergen County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 07605 | $9,148 | $11,985 | $13,739 | $15,982 | $19,475 |
Source: Ownwell