Lumberton, Burlington County, New Jersey Property Taxes

Name: Property Tax Bills Across Lumberton, Burlington County, New Jersey
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Lumberton, NJ effective property tax rate: 2.45%, significantly higher than the national median of 1.02%, but lower than the New Jersey state median of 2.82%.
Median Lumberton, NJ home value: $283,200
Median annual Lumberton, NJ tax bill: $6,946, $4,546 higher than the national median property tax bill of $2,400.

How are property taxes in Burlington calculated?

Property taxes in Lumberton, 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 Lumberton’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Lumberton, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Lumberton, Burlington County, New Jersey Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.45%

Estimate Property Tax Bill

$6,938

$6,439

Ownwell’s Lumberton Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Lumberton with just two data points. By entering your property's estimated assessed value, our calculator applies Lumberton’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Burlington County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Lumberton, Burlington County, New Jersey

Local government entities determine tax rates, which can differ significantly within a state. Each year, counties estimate their required budget to fund services and divide that by the total value of all taxable property within their jurisdiction. This calculation results in the property tax rate. Although votes and laws play a role in setting tax rates and budgets, this is the annual process in a nutshell.

Compare Lumberton's effective property tax rate to other cities in New Jersey and the median property tax rates in New Jersey and the U.S. Lumberton, located in Burlington County, has a median property tax rate of 2.45%, which is notably higher than the national median of 1.02%. This places it among the highest in the nation. The median property tax bill in this region is significantly above the national median of $2,400, reflecting the substantial investment in local services and infrastructure. Understanding these rates helps property owners make informed financial decisions and highlights the importance of appealing property taxes to ensure fair assessments.

Property Tax Rates Across Lumberton, Burlington County, New Jersey

Source: Ownwell

1.28%

2.71%

4.13%

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 Lumberton Tax Rate

2.45%

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 Lumberton, Burlington County, New Jersey

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
08048	2.44%	2.44%	2.44%	2.45%	2.45%

Source: Ownwell

Property Tax Assessment Values Across Lumberton, Burlington County, New Jersey

When examining property taxes in Lumberton, 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 tax authorities estimate 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 Lumberton. For example, the median home price in Lumberton is $283,200, with tax bills ranging significantly across the county. Zip code 08048 has the highest median home price at $283,200.

Property Tax Assessment Values Across Lumberton, Burlington County, New Jersey

Source: Ownwell

$151,800

$279,500

$407,200

Median Lumberton Market Value

$283,200

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 Lumberton, Burlington County, New Jersey

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
08048	$147,100	$189,900	$283,200	$390,500	$490,000

Source: Ownwell

Property Tax Bills Across Lumberton, Burlington County, New Jersey

In Lumberton, NJ, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. This assessed value is then multiplied by the local tax rate to determine the annual property tax bill. In Burlington County, the median property tax bill is significantly higher than the national median, reflecting the area's higher property values and tax rates. Homeowners in Lumberton face tax bills ranging from $4,643 at the 25th percentile to $11,980 at the 90th percentile, with the median tax bill being $6,946. These figures highlight the substantial financial burden property taxes can impose on homeowners, particularly when compared to the national median tax bill of $2,400. Ownwell offers services to help homeowners potentially reduce their property tax bills by appealing their assessments and seeking exemptions. By leveraging expert knowledge and data-driven insights, Ownwell assists homeowners in navigating the complex property tax system, ensuring they pay only their fair share.

Property Tax Bills Across Lumberton, Burlington County, New Jersey

Source: Ownwell

$2,983

$7,892

$12,800

Median Lumberton Tax Bill

$6,946

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 Lumberton, Burlington County, New Jersey

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
08048	$3,614	$4,643	$6,946	$9,554	$11,980

Source: Ownwell