Vincentown, Burlington County, New Jersey Property Taxes

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

Median Vincentown, NJ effective property tax rate: 2.76%, significantly higher than the national median of 1.02%, but lower than the New Jersey state median of 2.82%.
Median Vincentown, NJ home value: $278,800
Median annual Vincentown, NJ tax bill: $7,667, $5,267 higher than the national median property tax bill of $2,400.

How are property taxes in Burlington calculated?

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

Last Updated March 1, 2025

Vincentown, Burlington County, New Jersey Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.81%

Estimate Property Tax Bill

$6,463

$5,997

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

Local government entities are responsible for setting tax rates, which can vary significantly even within a state. This variation occurs because each county annually estimates its required budget to provide essential services and divides that by the total value of all taxable property within its jurisdiction. This calculation determines the property tax rate. Although votes and laws also play a role in setting these rates and budgets, this is the fundamental annual process.

In Vincentown, located in Burlington County, NJ, the effective property tax rate is 2.76%. This is significantly higher than the national median property tax rate of 1.02%. Such a high rate highlights the importance of understanding local tax dynamics and exploring potential avenues for tax appeals or exemptions. Comparing Vincentown’s rate to other cities in New Jersey and the broader U.S. context underscores the potential financial impact on property owners. Given the higher-than-average rates, property owners in Vincentown should consider consulting with experts to explore opportunities for reducing their property tax burden.

Property Tax Rates Across Vincentown, Burlington County, New Jersey

Source: Ownwell

1.66%

2.97%

4.29%

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 Vincentown Tax Rate

2.81%

Median Effective Burlington County Tax Rate

3.21%

Median Effective New Jersey Tax Rate

2.88%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Vincentown, Burlington County, New Jersey

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
08088	2.81%	2.81%	2.81%	3.18%	3.18%

Source: Ownwell

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

When examining property taxes in Vincentown, 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 Vincentown.

For example, the median home price in Vincentown is $278,800, with tax bills ranging significantly across the county. Zip code 08088 has the highest median home price at $278,800.

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

Source: Ownwell

$150,500

$281,600

$412,700

Median Vincentown Market Value

$230,000

Median Burlington County Market Value

$211,500

Median New Jersey Market Value

$288,200

Median United States Market Value

$235,294

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

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
08088	$103,800	$160,300	$230,000	$310,000	$454,700

Source: Ownwell

Property Tax Bills Across Vincentown, Burlington County, New Jersey

In Vincentown, NJ, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. With a median home price of $278,800, homeowners in Vincentown face a significantly higher property tax burden compared to the national median property tax bill of $2,400. The median tax bill here is $7,667, reflecting the state's higher-than-average property tax rates. Factors such as the property's assessed value, local budget needs, and school funding requirements contribute to the tax bill amount. Homeowners may find themselves paying between $5,510 at the 25th percentile and $15,590 at the 90th percentile, depending on their property's valuation and location within the county. This substantial tax obligation can strain household budgets, making it crucial for homeowners to explore ways to reduce their tax bills. Ownwell provides expert property tax appeal and exemption services, helping homeowners identify potential savings. By leveraging local market data and tax regulations, Ownwell can effectively assist in lowering property tax liabilities, offering financial relief to homeowners.

Property Tax Bills Across Vincentown, Burlington County, New Jersey

Source: Ownwell

$3,703

$8,636

$13,569

Median Vincentown Tax Bill

$6,972

Median Burlington County Tax Bill

$7,036

Median New Jersey Tax Bill

$8,638

Median United States Tax Bill

$2,400

Property Tax Bills Across Vincentown, Burlington County, New Jersey

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
08088	$3,164	$4,967	$6,972	$9,060	$13,391

Source: Ownwell