Property Taxes in Medford, New Jersey
Median Medford, New Jersey effective property tax rate: 3.32%, significantly higher than the national median of 1.02%, and higher than the New Jersey state median of 2.88%.
Median Medford, New Jersey home value: $305,750
Median annual Medford, New Jersey tax bill: $10,210, $7,810 higher than the national median property tax bill of $2,400.
How are property taxes in Burlington calculated?
Property taxes in Medford, New Jersey 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 Medford's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Medford, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
How Does the Medford Property Tax Calculator Work?
Use this Medford property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Medford's median effective tax rate of 3.32% — based on actual property records in Burlington County — to generate your estimate.
Enter your property's estimated assessed value — the figure local tax authorities use to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Medford's median effective rate across all local levies, providing a more accurate estimate than applying a single county millage rate.
Your bill may vary by ZIP code within Medford: rates range from 3.32% in 08055 to 3.32% in 08055, primarily due to differences in school district levies and local assessment districts.
For a more precise estimate, scroll down to explore ZIP code-level tax rate trends across Medford.
About Medford Property Taxes
About Property Taxes in Medford, Burlington, New Jersey
Medford's median effective property tax rate of 3.32% is higher than the New Jersey state median of 2.88% and higher than the national median of 1.02%. This rate reflects the Burlington County base levy combined with local school district levies and special assessment districts that vary by subdivision throughout the city.
Property tax rates are not uniform across Medford. Homeowners in ZIP code 08055 carry a median effective rate of 3.32%, while those in the same ZIP code also pay 3.32%. This reflects how school district boundaries and local assessment districts are drawn across Burlington County. Understanding where you live in Medford can make a meaningful difference to your annual tax bill.
Medford homeowners who believe their assessed value is too high can file a formal appeal with the Tax Assessor before the April 1, 2026 deadline each year.
If your estimated bill above seems higher than expected, Ownwell can review your assessment and protest on your behalf. You only pay if we save you money.
Property Tax Rates Across Medford, Burlington County, New Jersey
As noted earlier, local government entities set tax rates, which can vary widely within a state.
Why? 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. 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 Medford's effective property tax rate to other cities in New Jersey and the median property tax rates in New Jersey and the U.S.
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 Medford Tax Rate
3.32%
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
1.27%
Property Tax Rates Across Medford, Burlington County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 08055 | 3.32% | 3.32% | 3.32% | 3.32% | 3.60% |
Source: Ownwell
Property Tax Assessment Values Across Medford, Burlington County, New Jersey
When examining property taxes in Medford, New Jersey, 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 assessor 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.
Assessment notices:
In Burlington County, assessment notices are sent in the spring each year. They'll typically reach your mailbox by the middle of November.
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 Medford.
For example, the median home price in Medford is $305,750, with tax bills ranging significantly across the county. 08055 has the highest median home price at $305,750.
Property Tax Assessment Values Across Medford, Burlington County, New Jersey
Source: Ownwell
$150,500
$281,600
$412,700
Median Medford Market Value
$305,750
Median Burlington County Market Value
$211,500
Median New Jersey Market Value
$288,200
Median United States Market Value
$274,101
Property Tax Assessment Values Across Medford, Burlington County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 08055 | $178,210 | $237,000 | $305,750 | $386,100 | $485,100 |
Source: Ownwell
Property Tax Bills Across Medford, Burlington County, New Jersey
Property tax bills in Medford are based on the assessed value of a home, which is then multiplied by the local tax rate set for Burlington County and other local taxing authorities. The assessed value is intended to reflect the market value of the property, so homes with higher values generally face larger tax bills. For a median home price of $305,750, the property tax burden can be significant, with the 25th percentile tax bill at $7,967, the 75th percentile at $12,854, and the 90th percentile at $16,178.
These bills help fund services such as schools, roads, and local government, but they can also create a heavy cost for homeowners, especially when assessed values rise faster than expected. In Medford, the median tax bill of $10,210 is far above the national median property tax bill of $2,400 and the national median property tax rate of 1.02%, showing how much local taxes can vary.
Median Medford Tax Bill
$10,210
Median Burlington County Tax Bill
$7,036
Median New Jersey Tax Bill
$8,638
Median United States Tax Bill
$3,209
Property Tax Bills Across Medford, Burlington County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 08055 | $5,880 | $7,967 | $10,210 | $12,854 | $16,178 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | January 15 |
Links | |
|---|---|
| Burlington Tax Assessor | |
| Website | www.taxdatahub.com |