Rochelle Park, Bergen County, New Jersey Property Taxes
Median Rochelle Park, NJ effective property tax rate: 2.75%, significantly higher than the national median of 1.02%, but lower than the NJ state median of 2.82%.
Median Rochelle Park, NJ home value: $326,200
Median annual Rochelle Park, NJ tax bill: $8,949, $6,549 higher than the national median property tax bill of $2,400.
How are property taxes in Bergen calculated?
Property taxes in Rochelle Park, 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 Rochelle Park’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Rochelle Park, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Rochelle Park, Bergen County, New Jersey Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
2.75%
Estimate Property Tax Bill
$8,971
$8,324
Property Tax Rates Across Rochelle Park, Bergen County, New Jersey
Local government entities in New Jersey set property tax rates, which can vary widely within the state. Annually, each county estimates its required budget to provide essential 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 Rochelle Park, located in Bergen County, the effective property tax rate is significantly higher than the national median. This reflects the state's overall trend, as New Jersey consistently ranks among the states with the highest property tax rates in the U.S. Property owners in Rochelle Park face a property tax rate that matches the highest in the state, highlighting the importance of understanding local tax dynamics. By comparing Rochelle Park’s effective property tax rate to other cities in New Jersey and the median property tax rates in the state and the U.S., property owners can better navigate the financial landscape.
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 Rochelle Park Tax Rate
2.75%
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 Rochelle Park, Bergen County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 07662 | 2.74% | 2.74% | 2.74% | 2.75% | 2.75% |
Source: Ownwell
Property Tax Assessment Values Across Rochelle Park, Bergen County, New Jersey
When examining property taxes in Rochelle Park, 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 Rochelle Park. For example, the median home price in Rochelle Park is $326,200, with tax bills ranging significantly across the county. 07662 has the highest median home price at $326,200.
Property Tax Assessment Values Across Rochelle Park, Bergen County, New Jersey
Source: Ownwell
$256,600
$1,236,600
$2,216,600
Median Rochelle Park Market Value
$326,200
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 Rochelle Park, Bergen County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 07662 | $261,240 | $294,600 | $326,200 | $363,100 | $410,940 |
Source: Ownwell
Property Tax Bills Across Rochelle Park, Bergen County, New Jersey
Property Tax Bills Across Rochelle Park, Bergen County, New Jersey
Source: Ownwell
$4,393
$11,280
$18,167
Median Rochelle Park Tax Bill
$8,949
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 Rochelle Park, Bergen County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 07662 | $7,171 | $8,079 | $8,949 | $9,951 | $11,273 |
Source: Ownwell