Blackwood, Camden County, New Jersey Property Taxes
Median Blackwood, NJ effective property tax rate: 3.35%, significantly higher than the national median of 1.02%, but lower than the NJ state median of 2.82%.
Median Blackwood, NJ home value: $225,035
Median annual Blackwood, NJ tax bill: $7,563, $5,163 higher than the national median property tax bill of $2,400.
How are property taxes in Camden calculated?
Property taxes in Blackwood, 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 Blackwood’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Blackwood, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Blackwood, Camden County, New Jersey Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
3.35%
Estimate Property Tax Bill
$7,539
$6,996
Property Tax Rates Across Blackwood, Camden County, New Jersey
Local government entities are responsible for setting property tax rates, which can vary significantly within a state. Each year, counties estimate their required budget to fund services and divide this by the total value of all taxable property within their area, resulting in the property tax rate. Although the process involves votes and legislation, this is the basic annual procedure.
In Blackwood, located in Camden County, New Jersey, the effective property tax rate is notably higher than the national median of 1.02%. This reflects the local government's budgetary needs and the total assessed value of properties in the area. Compared to other cities within New Jersey, Blackwood's property tax rate stands out, highlighting the variance in tax burdens across different regions.
Understanding these differences is crucial for property owners who may be considering appealing their property tax assessments. By comparing Blackwood’s rates with the median rates in New Jersey and the U.S., property owners can gain insights into how their tax obligations measure up and explore potential savings through 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 Blackwood Tax Rate
3.35%
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 Camden County Tax Rate
3.17%
Median Effective New Jersey Tax Rate
2.82%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Blackwood, Camden County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 08012 | 3.28% | 3.28% | 3.35% | 3.45% | 3.45% |
Source: Ownwell
Property Tax Assessment Values Across Blackwood, Camden County, New Jersey
When examining property taxes in Blackwood, 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 Camden 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 Camden County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of the season. 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 Blackwood. For example, the median home price in Blackwood is $225,035, with tax bills ranging significantly across the county. Zip code 08012 has the highest median home price at $225,035.
Property Tax Assessment Values Across Blackwood, Camden County, New Jersey
Source: Ownwell
$54,570
$257,531
$460,492
Median Blackwood Market Value
$225,035
Median Camden County Market Value
$216,803
Median New Jersey Market Value
$282,900
Median United States Market Value
$235,294
Property Tax Assessment Values Across Blackwood, Camden County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 08012 | $166,937 | $192,245 | $225,035 | $259,070 | $297,843 |
Source: Ownwell
Property Tax Bills Across Blackwood, Camden County, New Jersey
Median Blackwood Tax Bill
$7,563
Median Camden County Tax Bill
$7,089
Median New Jersey Tax Bill
$8,227
Median United States Tax Bill
$2,400
Property Tax Bills Across Blackwood, Camden County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 08012 | $5,590 | $6,466 | $7,563 | $8,734 | $10,002 |
Source: Ownwell