Township Of Washington, Bergen County, New Jersey Property Taxes
Median TOWNSHIP OF WASHINGTON, NJ effective property tax rate: 2.58%, significantly higher than the national median of 1.02%, but lower than the New Jersey state median of 2.82%.
Median TOWNSHIP OF WASHINGTON, NJ home value: $434,500
Median annual TOWNSHIP OF WASHINGTON, NJ tax bill: $11,214, $8,814 higher than the national median property tax bill of $2,400.
How are property taxes in Bergen calculated?
Property taxes in TOWNSHIP OF WASHINGTON, 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 TOWNSHIP OF WASHINGTON’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in TOWNSHIP OF WASHINGTON, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Township Of Washington, Bergen County, New Jersey Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
2.71%
Estimate Property Tax Bill
$11,917
$11,059
Property Tax Rates Across Township Of Washington, Bergen County, New Jersey
Local government entities set tax rates, which can vary widely within a state. Annually, 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.
Below, you can compare Township of Washington’s effective property tax rate to other cities in NJ and the median property tax rates in NJ and the U.S. Township of Washington in Bergen County boasts a property tax rate of 2.58%, significantly higher than the national median of 1.02%. This places Township of Washington among the highest in the nation. With the national median property tax bill at $2400, homeowners in this area are likely to face much steeper bills. Understanding these rates can help property owners make informed decisions about their investments and financial planning. Whether you are a homeowner or investor, staying informed on property tax trends is crucial for managing your financial health effectively.
Property Tax Rates Across Township Of Washington, Bergen County, New Jersey
Source: Ownwell
0.78%
2.37%
3.96%
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 Township Of Washington Tax Rate
2.71%
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
2.68%
Median Effective New Jersey Tax Rate
2.88%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Township Of Washington, Bergen County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 07676 | 2.71% | 2.71% | 2.71% | 2.71% | 2.71% |
Source: Ownwell
Property Tax Assessment Values Across Township Of Washington, Bergen County, New Jersey
When examining property taxes in Township of Washington, 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 Township of Washington. For example, the median home price in Township of Washington is $434,500, with tax bills ranging significantly across the county. 07676 has the highest median home price at $434,500.
Property Tax Assessment Values Across Township Of Washington, Bergen County, New Jersey
Source: Ownwell
$274,000
$1,234,400
$2,194,800
Median Township Of Washington Market Value
$439,750
Median Bergen County Market Value
$467,100
Median New Jersey Market Value
$288,200
Median United States Market Value
$235,294
Property Tax Assessment Values Across Township Of Washington, Bergen County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 07676 | $353,250 | $387,325 | $439,750 | $521,875 | $644,050 |
Source: Ownwell
Property Tax Bills Across Township Of Washington, Bergen County, New Jersey
Property Tax Bills Across Township Of Washington, Bergen County, New Jersey
Source: Ownwell
$7,492
$13,054
$18,615
Median Township Of Washington Tax Bill
$11,856
Median Bergen County Tax Bill
$11,614
Median New Jersey Tax Bill
$8,638
Median United States Tax Bill
$2,400
Property Tax Bills Across Township Of Washington, Bergen County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 07676 | $9,551 | $10,457 | $11,856 | $14,055 | $17,259 |
Source: Ownwell