Shamong, Burlington County, New Jersey Property Taxes
Median Shamong, NJ effective property tax rate: 2.89%, significantly higher than the national median of 1.02%, but lower than the NJ state median of 2.82%.
Median Shamong, NJ home value: $293,100
Median annual Shamong, NJ tax bill: $8,471, $6,071 higher than the national median property tax bill of $2,400.
How are property taxes in Burlington calculated?
Property taxes in Shamong, 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 Shamong’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Shamong, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Shamong, Burlington County, New Jersey Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
2.89%
Estimate Property Tax Bill
$8,471
$7,860
Property Tax Rates Across Shamong, Burlington County, New Jersey
Local government entities set property tax rates, which can vary significantly within a state. This variation stems from the annual process where each county estimates its required budget for 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 these rates and budgets, this is essentially how the process unfolds each year.
In Shamong, located in Burlington County, New Jersey, the effective property tax rate is notably higher than the national median. This reflects the county's budgeting needs and property values. When comparing Shamong's rate to other cities in New Jersey, it's evident that the rates can differ considerably. New Jersey's median property tax rate is higher than the national average, highlighting the state's unique fiscal requirements and property assessments.
Understanding these differences is crucial for property owners looking to manage their tax liabilities effectively. By staying informed about local tax rates and how they compare to state and national figures, property owners can make more informed decisions about their investments and potential tax appeal opportunities.
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 Shamong Tax Rate
2.89%
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 Shamong, Burlington County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 08088 | 2.89% | 2.89% | 2.89% | 2.89% | 2.89% |
Source: Ownwell
Property Tax Assessment Values Across Shamong, Burlington County, New Jersey
When examining property taxes in Shamong, 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 Shamong.
For example, the median home price in Shamong is $293,100, with tax bills ranging significantly across the county. The 08088 zip code has the highest median home price at $293,100.
Property Tax Assessment Values Across Shamong, Burlington County, New Jersey
Source: Ownwell
$151,800
$279,500
$407,200
Median Shamong Market Value
$293,100
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 Shamong, Burlington County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 08088 | $201,900 | $238,850 | $293,100 | $372,050 | $442,900 |
Source: Ownwell
Property Tax Bills Across Shamong, Burlington County, New Jersey
In Shamong, NJ, property tax bills are calculated based on the assessed value of a home and the local tax rate. Homeowners in Shamong often face higher property tax bills compared to the national median, with a median tax bill of $8,471 in the 08088 zip code. This is significantly higher than the national median property tax bill of $2,400. The tax bill is influenced by factors such as the local tax rate and the assessed value of the property, which is determined by the local assessor's office. For homeowners, this can mean a substantial financial burden, particularly when property values increase.
Ownwell offers a solution by providing property tax appeal and exemption services to help homeowners reduce their tax bills. By analyzing property data and identifying discrepancies in assessed values, Ownwell assists homeowners in filing appeals, potentially lowering their tax obligations. This can lead to significant savings and provide financial relief to homeowners facing high property tax bills in Shamong.
Median Shamong Tax Bill
$8,471
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 Shamong, Burlington County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 08088 | $5,833 | $6,908 | $8,471 | $10,764 | $12,812 |
Source: Ownwell