Juliustown, Burlington County, New Jersey Property Taxes
Median Juliustown, NJ effective property tax rate: 2.97%, significantly higher than the national median of 1.02%, but lower than the New Jersey state median of 2.82%. Median Juliustown, NJ home value: $186,300. Median annual Juliustown, NJ tax bill: $5,539, $3,139 higher than the national median property tax bill of $2,400.
How are property taxes in Burlington County calculated?
Property taxes in Juliustown, 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 Juliustown’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Juliustown, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Juliustown, Burlington County, New Jersey Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
3.09%
Estimate Property Tax Bill
$5,747
$5,333
Property Tax Rates Across Juliustown, Burlington County, New Jersey
Local government entities set tax rates, which can vary widely within a state. This variance is because annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, this is the annual process in a nutshell.
Juliustown in Burlington County, New Jersey, showcases a property tax landscape that stands out nationally. With an effective property tax rate of 2.97%, Juliustown's rate is significantly higher than the national median property tax rate of 1.02%. This positions Juliustown among the cities with the highest property tax rates in New Jersey. The city's property tax rate reflects the broader trend in New Jersey, which is known for its high property taxes.
When compared to the national median property tax bill of $2,400, homeowners in Juliustown face considerably higher costs. This reality underscores the importance of understanding local tax dynamics and exploring potential savings through property tax appeals and exemptions. By staying informed and proactive, homeowners can potentially mitigate the impact of high property taxes on their finances.
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 Juliustown Tax Rate
3.09%
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 Juliustown, Burlington County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 08042 | 3.08% | 3.09% | 3.09% | 3.09% | 3.09% |
Source: Ownwell
Property Tax Assessment Values Across Juliustown, Burlington County, New Jersey
When examining property taxes in Juliustown, 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. Burlington County 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 Juliustown.
For example, the median home price in Juliustown is $186,300, with tax bills ranging significantly across the county. Zip code 08042 has the highest median home price at $186,300.
Property Tax Assessment Values Across Juliustown, Burlington County, New Jersey
Source: Ownwell
$150,500
$281,600
$412,700
Median Juliustown Market Value
$186,000
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 Juliustown, Burlington County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 08042 | $118,230 | $151,250 | $186,000 | $250,675 | $364,900 |
Source: Ownwell
Property Tax Bills Across Juliustown, Burlington County, New Jersey
In Juliustown, located in Burlington County, NJ, property tax bills are determined by assessing the property's market value and applying the local tax rate. Homeowners in Juliustown face a median tax bill of $5,539, significantly higher than the national median of $2,400. The tax bill can vary widely, with amounts ranging from $4,908 at the 25th percentile to $7,798 at the 90th percentile, reflecting the property's value and the local tax rate. These factors can significantly impact homeowners, as higher property taxes can strain household budgets.
Ownwell can assist homeowners in Juliustown by helping them navigate the complex property tax system. By providing expert property tax appeal and exemption services, Ownwell can identify opportunities to reduce tax bills. Our team of experienced consultants works diligently to ensure that properties are assessed fairly, potentially saving homeowners money. With Ownwell's support, homeowners can achieve a more manageable property tax bill, alleviating some of the financial burdens associated with homeownership in the region.
Property Tax Bills Across Juliustown, Burlington County, New Jersey
Source: Ownwell
$3,703
$8,636
$13,569
Median Juliustown Tax Bill
$5,641
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 Juliustown, Burlington County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 08042 | $3,647 | $4,666 | $5,641 | $7,733 | $11,257 |
Source: Ownwell