New Egypt, Burlington County, New Jersey Property Taxes
Median New Egypt, 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 New Egypt, NJ home value: $193,600
Median annual New Egypt, NJ tax bill: $5,264, $2,864 higher than the national median property tax bill of $2,400.
How are property taxes in Burlington calculated?
Property taxes in New Egypt, 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 New Egypt’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in New Egypt, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
New Egypt, Burlington County, New Jersey Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
2.72%
Estimate Property Tax Bill
$5,266
$4,887
Property Tax Rates Across New Egypt, Burlington County, New Jersey
Local government entities in New Egypt, NJ, set property tax rates, which can vary widely within the state. Each year, Burlington County estimates its required budget to provide essential services and divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. While votes and laws play a role in setting tax rates and budgets, this is the annual process in a nutshell.
New Egypt’s effective property tax rate is significantly higher than the national median of 1.02%. This reflects the broader trend in New Jersey, where property tax rates tend to surpass the national average. The median property tax rate in New Jersey is 2.72%, illustrating the state’s reliance on property taxes to fund local services. This is considerably higher than the national median property tax bill of $2400.
Homeowners in New Egypt face property tax bills that are noticeably above the national median. Understanding these differences is crucial for property owners when evaluating their tax liabilities and considering potential appeals or exemptions.
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 New Egypt Tax Rate
2.72%
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
3.07%
Median Effective New Jersey Tax Rate
2.82%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across New Egypt, Burlington County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 08533 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across New Egypt, Burlington County, New Jersey
When examining property taxes in New Egypt, 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 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 New Egypt. For example, the median home price in New Egypt is $193,600, with tax bills ranging significantly across the county.
Property Tax Assessment Values Across New Egypt, Burlington County, New Jersey
Source: Ownwell
$151,800
$279,500
$407,200
Median New Egypt Market Value
$193,600
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 New Egypt, Burlington County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 08533 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across New Egypt, Burlington County, New Jersey
In New Egypt, located in Burlington County, NJ, property tax bills are calculated based on the assessed value of a home. The local tax rate is applied to this assessed value to determine the tax bill. With New Egypt's median home price at $193,600, homeowners face property tax bills that are significantly higher than the national median, with the 25th, 75th, and 90th percentiles all at $5,264. This high tax bill can be attributed to New Jersey's overall higher property tax rates compared to the national median rate of 1.02%, resulting in a typical national tax bill of $2,400.
For homeowners in New Egypt, this can mean a substantial financial burden. Ownwell offers a solution by providing property tax appeal services. By analyzing property assessments and identifying discrepancies, Ownwell can help homeowners potentially lower their assessed values, leading to reduced tax bills. This service not only alleviates financial pressure but also ensures homeowners are not overpaying on their property taxes.
Property Tax Bills Across New Egypt, Burlington County, New Jersey
Source: Ownwell
$2,983
$7,892
$12,800
Median New Egypt Tax Bill
$5,264
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 New Egypt, Burlington County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 08533 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
