Westampton, Burlington County, New Jersey Property Taxes
Median Westampton, NJ effective property tax rate: 2.57%, significantly higher than the national median of 1.02%, but lower than the New Jersey state median of 2.82%.
Median Westampton, NJ home value: $210,150
Median annual Westampton, NJ tax bill: $5,395, $2,995 higher than the national median property tax bill of $2,400.
How are property taxes in Burlington calculated?
Property taxes in Westampton, 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 Westampton’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Westampton, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Westampton, Burlington County, New Jersey Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
2.57%
Estimate Property Tax Bill
$5,401
$5,012
Property Tax Rates Across Westampton, Burlington County, New Jersey
Local government entities are responsible for setting property tax rates, which can vary significantly across different regions. Each year, counties calculate their required budget to maintain essential services, dividing this by the total value of all taxable property within their jurisdiction to determine the property tax rate. Although votes and legislation play roles in setting these rates and budgets, this is essentially the annual process.
In Westampton, located in Burlington County, New Jersey, the effective property tax rate is a notable 2.57%. This rate stands out when compared to other cities within New Jersey and is significantly higher than the national median property tax rate of 1.02%. The median property tax bill in Westampton also surpasses the national median of $2,400. This high tax rate highlights the importance of understanding the local tax landscape, as it can have a substantial impact on homeowners' financial responsibilities. For property owners in Westampton, navigating these rates can be crucial in managing expenses, making property tax appeal and exemption services valuable resources in potentially reducing the financial burden associated with high property taxes.
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 Westampton Tax Rate
2.57%
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 Westampton, Burlington County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 08060 | 2.57% | 2.57% | 2.57% | 2.57% | 2.57% |
Source: Ownwell
Property Tax Assessment Values Across Westampton, Burlington County, New Jersey
When examining property taxes in Westampton, 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 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 Westampton. For example, the median home price in Westampton is $210,150, with tax bills ranging significantly across the county. Zip code 08060 has the highest median home price at $210,150.
Property Tax Assessment Values Across Westampton, Burlington County, New Jersey
Source: Ownwell
$151,800
$279,500
$407,200
Median Westampton Market Value
$210,150
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 Westampton, Burlington County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 08060 | $161,500 | $176,200 | $210,150 | $247,175 | $308,430 |
Source: Ownwell
Property Tax Bills Across Westampton, Burlington County, New Jersey
In Westampton, NJ, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by local assessors and is often a percentage of the market value. Homeowners in Westampton pay a median property tax bill of $5,395, significantly higher than the national median of $2,400. This difference highlights the importance of understanding how property taxes are determined and the impact they have on homeowners' finances. Factors such as changes in the housing market and local government budgets can influence tax rates and assessments, leading to fluctuations in tax bills.
Ownwell offers valuable services to help homeowners in Westampton reduce their property tax bills. By providing expert guidance on property tax appeals and exemptions, Ownwell assists homeowners in ensuring their assessments are fair and accurate. This can lead to significant savings, easing the financial burden of high property taxes. With Ownwell's support, homeowners can navigate the complexities of property taxation with confidence and potentially lower their tax obligations.
Property Tax Bills Across Westampton, Burlington County, New Jersey
Source: Ownwell
$2,983
$7,892
$12,800
Median Westampton Tax Bill
$5,395
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 Westampton, Burlington County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 08060 | $4,147 | $4,525 | $5,395 | $6,346 | $7,918 |
Source: Ownwell