Property Taxes in Mount Laurel, New Jersey
Median Mount Laurel, New Jersey effective property tax rate: 3.04%, significantly higher than the national median of 1.02%, and higher than the New Jersey state median of 2.88%.
Median Mount Laurel, New Jersey home value: $220,200
Median annual Mount Laurel, New Jersey tax bill: $6,605, $4,205 higher than the national median property tax bill of $2,400.
How are property taxes in Burlington calculated?
Property taxes in Mount Laurel, 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 Mount Laurel's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Mount Laurel, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
How Does the Mount Laurel Property Tax Calculator Work?
Use this Mount Laurel property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Mount Laurel's median effective tax rate of 3.04% — based on actual property records in Burlington County — to generate your estimate.
Enter your property's estimated assessed value — the figure used to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Mount Laurel's median effective rate across all local levies, providing a more accurate estimate than applying a single county millage rate.
Mount Laurel's median effective tax rate is higher than New Jersey's 2.88% median rate, and the median property tax bill is $6,605. That bill is $4,205 higher than the state median and also higher than the national median property tax rate of 1.02% and national median property tax bill of $2,400.
Your bill may vary by ZIP code within Mount Laurel: rates range from $6,605 in 08054 to $6,605 in 08054.
For a more precise estimate, scroll down to explore ZIP code-level tax rate trends across Mount Laurel.
About Mount Laurel Property Taxes
About Property Taxes in Mount Laurel, Burlington, New Jersey
Mount Laurel's median effective property tax rate of 3.04% 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 Mount Laurel. Homeowners in the 08054 ZIP code carry a median effective rate of 3.04%, while those in the lowest ZIP also pay 3.04%. This spread reflects how school district boundaries and local assessment districts are drawn across Burlington County. Understanding which part of Mount Laurel you live in can make a meaningful difference to your annual tax bill.
Mount Laurel 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 Mount Laurel, 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 Mount Laurel'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 Mount Laurel Tax Rate
3.04%
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 Mount Laurel, Burlington County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 08054 | 3.04% | 3.04% | 3.04% | 3.04% | 3.04% |
Source: Ownwell
Property Tax Assessment Values Across Mount Laurel, Burlington County, New Jersey
When examining property taxes in Mount Laurel, 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 assessment office 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. For Mount Laurel, the median home price is $220,200, and the median tax bill is $6,605, compared with the national median property tax rate of 1.02% and national median property tax bill of $2,400. The 08054 ZIP code has the highest median home price at $220,200.
Property Tax Assessment Values Across Mount Laurel, Burlington County, New Jersey
Source: Ownwell
$150,500
$281,600
$412,700
Median Mount Laurel Market Value
$220,200
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 Mount Laurel, Burlington County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 08054 | $120,500 | $163,975 | $220,200 | $295,700 | $423,200 |
Source: Ownwell
Property Tax Bills Across Mount Laurel, Burlington County, New Jersey
Property tax bills in Mount Laurel are calculated by applying the local tax rate to a home’s assessed value, which is based on the market value of the property. That means the tax bill depends on both the value of the home and the tax rate set by local taxing authorities in Burlington County.
For a home with a median market value of $220,200, the property tax bill can vary widely depending on the assessment and local levies. In Mount Laurel, the median tax bill is $6,605 in ZIP code 08054, which is well above the national median property tax bill of $2,400 and the national median property tax rate of 1.02%.
Higher assessed values generally lead to higher tax bills, which can have a significant impact on homeowners’ monthly budgets and long-term housing costs. For many homeowners, property taxes are one of the largest ongoing expenses tied to owning a home.
Property Tax Bills Across Mount Laurel, Burlington County, New Jersey
Source: Ownwell
$3,703
$8,636
$13,569
Median Mount Laurel Tax Bill
$6,605
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 Mount Laurel, Burlington County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 08054 | $3,606 | $4,934 | $6,605 | $8,923 | $12,844 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | January 15 |
Links | |
|---|---|
| Burlington Tax Assessor | |
| Website | www.taxdatahub.com |