Cookstown, Burlington County, New Jersey Property Taxes
Median Cookstown, NJ effective property tax rate: 2.72%, significantly higher than the national median of 1.02%, but lower than the New Jersey state median of 2.82%.
Median Cookstown, NJ home value: $240,100
Median annual Cookstown, NJ tax bill: $6,528, $4,128 higher than the national median property tax bill of $2,400.
How are property taxes in Burlington calculated?
Property taxes in Cookstown, 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 Cookstown’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Cookstown, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Cookstown, Burlington County, New Jersey Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
2.72%
Estimate Property Tax Bill
$6,531
$6,060
Property Tax Rates Across Cookstown, Burlington County, New Jersey
Local government entities are responsible for setting tax rates, which can vary significantly within 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 jurisdiction. This calculation determines the property tax rate. While votes and regulations play a role in setting these rates and budgets, this is the core process.
In Cookstown, located in Burlington County, NJ, the effective property tax rate is notably higher than the national median of 1.02%. This reflects the broader trend within New Jersey, where property tax rates tend to be higher than the national average. Such rates are necessary to fund local services, but they can also place a significant financial burden on property owners. When comparing Cookstown’s tax rate to other cities in New Jersey, one can see it aligns with the state's overall trend of having higher property taxes. This comparison highlights the importance of understanding local tax obligations and exploring potential avenues for appeals or exemptions to alleviate the financial impact on homeowners.
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 Cookstown Tax Rate
2.72%
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 Burlington County Tax Rate
3.07%
Median Effective New Jersey Tax Rate
2.82%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Cookstown, Burlington County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 08511 | 2.72% | 2.72% | 2.72% | 2.72% | 2.72% |
Source: Ownwell
Property Tax Assessment Values Across Cookstown, Burlington County, New Jersey
When examining property taxes in Cookstown, 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 Burlington County Board of Taxation 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 Burlington 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 Cookstown. For example, the median home price in Cookstown is $240,100, with tax bills ranging significantly across the county. Zip code 08511 has the highest median home price at $240,100.
Property Tax Assessment Values Across Cookstown, Burlington County, New Jersey
Source: Ownwell
$151,800
$279,500
$407,200
Median Cookstown Market Value
$240,100
Median Burlington County Market Value
$210,600
Median New Jersey Market Value
$282,900
Median United States Market Value
$235,294
Property Tax Assessment Values Across Cookstown, Burlington County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 08511 | $196,800 | $216,200 | $240,100 | $274,200 | $300,000 |
Source: Ownwell
Property Tax Bills Across Cookstown, Burlington County, New Jersey
In Cookstown, Burlington County, NJ, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The tax rate is applied to this assessed value, resulting in the annual tax bill. Factors such as property size, location, and improvements can influence the assessed value. Homeowners in Cookstown face a median tax bill of $6,528, significantly higher than the national median of $2,400, reflecting New Jersey's generally higher property tax rates. This can place a considerable financial burden on homeowners, especially when compared to the national median tax rate of 1.02%.
Ownwell offers valuable assistance to homeowners by providing property tax appeal and exemption services. By analyzing local market conditions and assessment accuracy, Ownwell helps identify opportunities for reducing tax liabilities. Through expert guidance and representation, homeowners can potentially lower their tax bills, easing their financial burden. This proactive approach ensures homeowners pay only their fair share, maximizing savings and enhancing financial well-being.
Property Tax Bills Across Cookstown, Burlington County, New Jersey
Source: Ownwell
$2,983
$7,892
$12,800
Median Cookstown Tax Bill
$6,528
Median Burlington County Tax Bill
$6,846
Median New Jersey Tax Bill
$8,227
Median United States Tax Bill
$2,400
Property Tax Bills Across Cookstown, Burlington County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 08511 | $5,351 | $5,878 | $6,528 | $7,456 | $8,157 |
Source: Ownwell