Riverside, Burlington County, New Jersey Property Taxes

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

Median Riverside, NJ effective property tax rate: 3.92%, significantly higher than the national median of 1.02%, but lower than the New Jersey state median of 2.82%.
Median Riverside, NJ home value: $154,700
Median annual Riverside, NJ tax bill: $6,035, $3,635 higher than the national median property tax bill of $2,400.

How are property taxes in Burlington calculated?

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

Last Updated March 1, 2025

Riverside, Burlington County, New Jersey Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

3.92%

Estimate Property Tax Bill

$6,064

$5,627

Ownwell’s Riverside Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Riverside with just two data points. By entering your property's estimated assessed value, our calculator applies Riverside’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 Riverside, Burlington County, New Jersey

Local government entities are responsible for setting tax rates, and these can differ significantly within a state. This variation occurs because each county determines its annual budget needs to provide essential services and then divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. Although the process involves votes and legislation, this is the basic annual procedure. In Riverside, located in Burlington County, New Jersey, the effective property tax rate stands at 3.92%. This rate is notably higher than both the median property tax rate in New Jersey and the national median of 1.02%. Riverside’s rate highlights the significant difference that can exist even within a single state. Such a high rate can impact homeowners by increasing their annual property tax bills, which can, in turn, affect their overall cost of living. Understanding these variations is crucial for property owners looking to manage their expenses and plan for the future.

Property Tax Rates Across Riverside, 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 Riverside Tax Rate

3.92%

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 Riverside, Burlington County, New Jersey

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
08075	3.45%	3.89%	3.92%	3.92%	3.92%

Source: Ownwell

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

When examining property taxes in Riverside, 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.

In Burlington County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. 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 Riverside.

For example, the median home price in Riverside is $154,700, with tax bills ranging significantly across the county. Zip code 08075 has the highest median home price at $154,700.

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

Source: Ownwell

$151,800

$279,500

$407,200

Median Riverside Market Value

$154,700

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 Riverside, Burlington County, New Jersey

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
08075	$104,380	$126,100	$154,700	$194,900	$255,040

Source: Ownwell

Property Tax Bills Across Riverside, Burlington County, New Jersey

In Riverside, located in Burlington County, NJ, property tax bills are determined by the assessed value of the property and the local tax rate. The assessed value is typically a percentage of the market value, and the tax rate is set by local government entities to meet budgetary needs. Homeowners in Riverside face a median property tax bill of $6,035, significantly higher than the national median of $2,400. This reflects a robust local tax rate, which can place a financial burden on property owners.

Factors influencing the tax bill include property size, location, and improvements, all of which can increase the assessed value. For homeowners feeling the pinch of high property taxes, Ownwell offers a solution. By leveraging expertise in property tax appeals, Ownwell helps homeowners potentially lower their tax bills. This is achieved by ensuring that properties are fairly assessed and by identifying applicable exemptions. With Ownwell's assistance, Riverside homeowners can gain peace of mind and financial relief, making property ownership more affordable.

Property Tax Bills Across Riverside, Burlington County, New Jersey

Source: Ownwell

$2,983

$7,892

$12,800

Median Riverside Tax Bill

$6,035

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 Riverside, Burlington County, New Jersey

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
08075	$4,080	$4,903	$6,035	$7,527	$9,286

Source: Ownwell