Moorestown, Burlington County, New Jersey Property Taxes

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

Median Moorestown, 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 Moorestown, NJ home value: $372,200
Median annual Moorestown, NJ tax bill: $10,128, $7,728 higher than the national median property tax bill of $2,400.

How are property taxes in Burlington calculated?

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

Last Updated March 1, 2025

Moorestown, Burlington County, New Jersey Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.72%

Estimate Property Tax Bill

$10,124

$9,395

Ownwell’s Moorestown Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Moorestown with just two data points. By entering your property's estimated assessed value, our calculator applies Moorestown’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 Moorestown, 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. Below, you can compare Moorestown’s effective property tax rate to other cities in New Jersey and the median property tax rates in New Jersey and the U.S. Moorestown, located in Burlington County, has a property tax rate of 2.72%, which is significantly higher than the national median of 1.02%. This rate is the highest in the county, highlighting the substantial tax burden residents face. The median property tax bill in Moorestown reflects this, as it surpasses the national median of $2,400. Understanding these figures is crucial for property owners looking to manage their tax liabilities effectively.

Property Tax Rates Across Moorestown, 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 Moorestown Tax Rate

2.72%

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 Moorestown, Burlington County, New Jersey

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
08057	2.72%	2.72%	2.72%	2.72%	2.76%

Source: Ownwell

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

When examining property taxes in Moorestown, 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 March. 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 Moorestown. For example, the median home price in Moorestown is $372,200, with tax bills ranging significantly across the county. Zip code 08057 has the highest median home price at $372,200.

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

Source: Ownwell

$151,800

$279,500

$407,200

Median Moorestown Market Value

$372,200

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 Moorestown, Burlington County, New Jersey

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
08057	$162,200	$245,200	$372,200	$591,175	$784,560

Source: Ownwell

Property Tax Bills Across Moorestown, Burlington County, New Jersey

In Moorestown, NJ, property tax bills are determined by the assessed value of a home and the local tax rate. The assessed value is a percentage of the property's market value, which is then multiplied by the tax rate set by Burlington County. Homeowners in Moorestown face a median property tax bill of $10,128, significantly higher than the national median of $2,400, reflecting the area's higher property values and tax rates. Factors such as location, property size, and improvements can influence the assessed value, impacting the final tax bill.

High property taxes can be a financial burden for homeowners, but Ownwell offers a solution. By providing expert property tax appeal and exemption services, Ownwell helps homeowners potentially lower their tax bills. Their team of experienced consultants analyzes individual property assessments and identifies opportunities for reductions, ensuring homeowners only pay their fair share. With Ownwell's assistance, Moorestown residents can navigate the complex tax system and achieve significant savings on their property taxes.

Property Tax Bills Across Moorestown, Burlington County, New Jersey

Source: Ownwell

$2,983

$7,892

$12,800

Median Moorestown Tax Bill

$10,128

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 Moorestown, Burlington County, New Jersey

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
08057	$4,400	$6,729	$10,128	$16,048	$21,329

Source: Ownwell