Mount Holly, Burlington County, New Jersey Property Taxes

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

Median Mount Holly, NJ effective property tax rate: 3.24%, significantly higher than the national median of 1.02%, but lower than the New Jersey state median of 2.82%.
Median Mount Holly, NJ home value: $208,100
Median annual Mount Holly, NJ tax bill: $6,614, $4,214 higher than the national median property tax bill of $2,400.

How are property taxes in Burlington calculated?

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

Last Updated March 1, 2025

Mount Holly, Burlington County, New Jersey Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

3.24%

Estimate Property Tax Bill

$6,742

$6,257

Ownwell’s Mount Holly Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Mount Holly with just two data points.

By entering your property's estimated assessed value, our calculator applies Mount Holly’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 Mount Holly, 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.

Mount Holly, located in Burlington County, NJ, has an effective property tax rate of 3.24%, which is significantly higher than both the state and national medians. This rate reflects the local government's budgetary needs and the value of taxable properties in the area. For residents, this means a higher property tax bill compared to many other regions. In comparison, the national median property tax rate is 1.02%, with a median bill of $2400. Property owners in Mount Holly pay a premium for the services and amenities provided by their local government, a common scenario in areas with higher tax rates. This highlights the importance of understanding local property tax dynamics and exploring potential exemptions or appeals to manage costs effectively.

Property Tax Rates Across Mount Holly, 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 Mount Holly Tax Rate

3.24%

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 Mount Holly, Burlington County, New Jersey

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
08060	2.57%	3.18%	3.24%	3.24%	3.24%

Source: Ownwell

Property Tax Assessment Values Across Mount Holly, Burlington County, New Jersey

When examining property taxes in Mount Holly, 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 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: Burlington County sends assessment notices 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 Mount Holly. For example, the median home price in Mount Holly is $208,100, with tax bills ranging significantly across the county. Zip code 08060 has the highest median home price at $208,100.

Property Tax Assessment Values Across Mount Holly, Burlington County, New Jersey

Source: Ownwell

$151,800

$279,500

$407,200

Median Mount Holly Market Value

$208,100

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 Mount Holly, Burlington County, New Jersey

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
08060	$119,300	$160,300	$208,100	$252,200	$301,780

Source: Ownwell

Property Tax Bills Across Mount Holly, Burlington County, New Jersey

In Mount Holly, NJ, property tax bills are determined by assessing the market value of a home and applying the local tax rate. With a median home price of $208,100, the property tax rate in Burlington County significantly impacts homeowners. The tax bill at the 25th percentile is $5,143, while the 75th percentile tax bill is $7,741, and the 90th percentile reaches $9,285. Compared to the national median property tax bill of $2,400, homeowners in Mount Holly face higher tax burdens. This is due to the local tax rate being above the national median rate of 1.02%. High property taxes can strain homeowners' finances, making it crucial to explore potential savings. Ownwell offers expert property tax appeal and exemption services, helping homeowners reduce their tax bills. By analyzing property assessments and identifying discrepancies, Ownwell can assist in lowering the assessed value, leading to significant savings. Homeowners can benefit from professional guidance to ensure fair taxation and potentially reduce their annual tax expenses.

Property Tax Bills Across Mount Holly, Burlington County, New Jersey

Source: Ownwell

$2,983

$7,892

$12,800

Median Mount Holly Tax Bill

$6,614

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 Mount Holly, Burlington County, New Jersey

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
08060	$3,811	$5,143	$6,614	$7,741	$9,285

Source: Ownwell