Maywood, Bergen County, New Jersey Property Taxes

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

Median Maywood, NJ effective property tax rate: 2.28%, significantly higher than the national median of 1.02%, but lower than the New Jersey state median of 2.82%.
Median Maywood, NJ home value: $432,850
Median annual Maywood, NJ tax bill: $9,873, $7,473 higher than the national median property tax bill of $2,400.

How are property taxes in Bergen calculated?

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

Last Updated March 1, 2025

Maywood, Bergen County, New Jersey Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.28%

Estimate Property Tax Bill

$9,869

$9,158

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

Local government entities set tax rates, which can vary widely within a state. The reason for this variation lies in the annual process where each county estimates its required budget to provide services and then 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, this is essentially how it works each year. In Maywood, Bergen County, NJ, the effective property tax rate is notably higher than both the state and national averages. With the state median property tax rate at 2.28%, Maywood stands out for its significant property tax burden. This rate is considerably above the national median property tax rate of 1.02%, reflecting the higher costs of living and property values in the area. Understanding these differences is crucial for homeowners looking to manage their property tax bills effectively.

Property Tax Rates Across Maywood, 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 Maywood Tax Rate

2.28%

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 Maywood, Bergen County, New Jersey

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
07607	2.28%	2.28%	2.28%	2.28%	2.28%

Source: Ownwell

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

When examining property taxes in Maywood, 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. Assessment notices: 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 Maywood. For example, the median home price in Maywood is $432,850, with tax bills ranging significantly across the county. 07607 has the highest median home price at $432,850.

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

Source: Ownwell

$256,600

$1,236,600

$2,216,600

Median Maywood Market Value

$432,850

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 Maywood, Bergen County, New Jersey

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
07607	$371,190	$397,350	$432,850	$481,150	$544,620

Source: Ownwell

Property Tax Bills Across Maywood, Bergen County, New Jersey

In Maywood, NJ, property tax bills are determined by the assessed value of a home, which is calculated based on the market value. The property tax rate is then applied to this assessed value. In Bergen County, homeowners face some of the highest property tax bills, with the median tax bill reaching $9,873. This is significantly higher than the national median property tax bill of $2,400. Factors influencing these tax bills include local government budgets, school funding, and public service expenses. Homeowners in Maywood often find their property tax burdens substantial, with the 25th percentile tax bill at $9,064 and the 90th percentile reaching $12,428. Such high tax bills can strain household finances, making it crucial to explore potential savings. Ownwell offers a solution by providing expert property tax appeal services. By analyzing property assessments and identifying discrepancies, Ownwell helps homeowners potentially reduce their tax bills, ensuring they are not overpaying and can allocate their resources more effectively.

Property Tax Bills Across Maywood, Bergen County, New Jersey

Source: Ownwell

$4,393

$11,280

$18,167

Median Maywood Tax Bill

$9,873

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 Maywood, Bergen County, New Jersey

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
07607	$8,468	$9,064	$9,873	$10,974	$12,428

Source: Ownwell