Delanco, Burlington County, New Jersey Property Taxes
Median Delanco, NJ effective property tax rate: 3.45%, significantly higher than the national median of 1.02%, but lower than the New Jersey state median of 2.82%.
Median Delanco, NJ home value: $167,500
Median annual Delanco, NJ tax bill: $5,775, $3,375 higher than the national median property tax bill of $2,400.
How are property taxes in Burlington calculated?
Property taxes in Delanco, 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 Delanco’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Delanco, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Delanco, Burlington County, New Jersey Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
3.53%
Estimate Property Tax Bill
$5,952
$5,523
Property Tax Rates Across Delanco, Burlington County, New Jersey
Local government entities set tax rates, which can vary widely within a state. 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.
Delanco in Burlington County, New Jersey, stands out with a notably high effective property tax rate of 3.45%, which is significantly above the national median property tax rate of 1.02%. This rate is consistent across the area, as seen in the zip code 08075, which shares the same rate. Compared to the national median property tax bill of $2400, homeowners in Delanco may face considerably higher property tax bills due to the elevated rate. This can have a substantial impact on household budgets, making it crucial for property owners in this area to explore property tax appeal and exemption services to potentially reduce their financial burden.
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 Delanco Tax Rate
3.53%
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
3.21%
Median Effective New Jersey Tax Rate
2.88%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Delanco, Burlington County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 08075 | 3.53% | 3.53% | 3.53% | 3.53% | 3.53% |
Source: Ownwell
Property Tax Assessment Values Across Delanco, Burlington County, New Jersey
When examining property taxes in Delanco, 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 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 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 Delanco. For example, the median home price in Delanco is $167,500, with tax bills ranging significantly across the county. Zip code 08075 has the highest median home price at $167,500.
Property Tax Assessment Values Across Delanco, Burlington County, New Jersey
Source: Ownwell
$150,500
$281,600
$412,700
Median Delanco Market Value
$168,600
Median Burlington County Market Value
$211,500
Median New Jersey Market Value
$288,200
Median United States Market Value
$235,294
Property Tax Assessment Values Across Delanco, Burlington County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 08075 | $116,740 | $137,550 | $168,600 | $211,000 | $267,480 |
Source: Ownwell
Property Tax Bills Across Delanco, Burlington County, New Jersey
In Delanco, NJ, property tax bills are calculated based on the assessed value of a home and the local tax rate. With a median home price of $167,500, homeowners face a median property tax bill of $5,775, significantly higher than the national median of $2,400. Factors influencing these bills include the property's assessed value, which may not always align with market value, and the local tax rate set by Burlington County. This discrepancy can lead to homeowners paying more than necessary.
Ownwell assists homeowners by offering property tax appeal services, potentially lowering their tax burden. By evaluating the assessed value and comparing it with similar properties, Ownwell identifies opportunities for tax reductions. This service is crucial in a region where the 25th percentile tax bill is $4,689 and the 90th percentile reaches $9,243. By leveraging expertise in property tax regulations, Ownwell can help homeowners in Delanco save significantly, ensuring they only pay their fair share.
Median Delanco Tax Bill
$5,929
Median Burlington County Tax Bill
$7,036
Median New Jersey Tax Bill
$8,638
Median United States Tax Bill
$2,400
Property Tax Bills Across Delanco, Burlington County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 08075 | $4,103 | $4,838 | $5,929 | $7,446 | $9,434 |
Source: Ownwell