Property Taxes in Cherry Hill, New Jersey
Median Cherry Hill, New Jersey effective property tax rate: 4.20%, significantly higher than the national median of 1.02%, and higher than the New Jersey state median of 2.88%.
Median Cherry Hill, New Jersey home value: $216,000
Median annual Cherry Hill, New Jersey tax bill: $9,055, $6,655 higher than the national median property tax bill of $2,400.
How are property taxes in Camden calculated?
Property taxes in Cherry Hill, New Jersey 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 Cherry Hill's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Cherry Hill, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
How Does the Cherry Hill Property Tax Calculator Work?
Use this Cherry Hill property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Cherry Hill's median effective tax rate of 4.20% — based on actual property records in Camden County — to generate your estimate.
Enter your property's estimated assessed value — the figure the local appraisal district uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Cherry Hill's median effective rate across all local levies, providing a more accurate estimate than applying a single county millage rate.
Your bill may vary by ZIP code within Cherry Hill: rates range from $8,097 in 08002 to $10,404 in 08003, primarily due to differences in school district levies and local assessment districts.
For a more precise estimate, scroll down to explore ZIP code-level tax rate trends across Cherry Hill.
About Cherry Hill Property Taxes
About Property Taxes in Cherry Hill, Camden, New Jersey
Cherry Hill’s median effective property tax rate of 4.20% is higher than the New Jersey state median of 2.88% and higher than the national median of 1.02%. This rate reflects the Camden County base levy combined with local school district levies and special assessment districts that vary by subdivision throughout the city.
Property tax rates are not uniform across Cherry Hill. Homeowners in the 08002 ZIP code carry a median effective rate of 4.20%, while those in 08002 pay 4.20%. This spread reflects how school district boundaries and local assessment districts are drawn across Camden County. Understanding which part of Cherry Hill you live in can make a meaningful difference to your annual tax bill.
Cherry Hill homeowners who believe their assessed value is too high can file a formal appeal with the Tax Assessor before the April 1, 2026 deadline each year.
If your estimated bill above seems higher than expected, Ownwell can review your assessment and protest on your behalf. You only pay if we save you money.
Property Tax Rates Across Cherry Hill, Camden County, New Jersey
As noted earlier, local government entities set tax rates, which can vary widely within a state.
Why? Because annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate.
While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.
Below, you can compare Cherry Hill's effective property tax rate to other cities in New Jersey and the median property tax rates in New Jersey and the U.S.
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 Cherry Hill Tax Rate
4.20%
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
4.20%
Median Effective New Jersey Tax Rate
2.88%
Median Effective United States Tax Rate
1.27%
Property Tax Rates Across Cherry Hill, Camden County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 08002 | 4.20% | 4.20% | 4.20% | 4.20% | 4.20% |
| 08003 | 4.20% | 4.20% | 4.20% | 4.20% | 4.20% |
| 08034 | 4.20% | 4.20% | 4.20% | 4.20% | 4.20% |
Source: Ownwell
Property Tax Assessment Values Across Cherry Hill, Camden County, New Jersey
When examining property taxes in Cherry Hill, New Jersey, 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.
Assessment notices:
In Camden County, assessment notices are sent in February each year.
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 Cherry Hill.
For example, the median home price in Cherry Hill is $216,000, with tax bills ranging significantly across the county. 08003 has the highest median home price at $247,800.
Property Tax Assessment Values Across Cherry Hill, Camden County, New Jersey
Source: Ownwell
$45,000
$215,450
$385,900
Median Cherry Hill Market Value
$216,000
Median Camden County Market Value
$169,400
Median New Jersey Market Value
$288,200
Median United States Market Value
$274,101
Property Tax Assessment Values Across Cherry Hill, Camden County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 08002 | $131,900 | $164,800 | $193,000 | $222,000 | $253,500 |
| 08003 | $159,700 | $206,900 | $247,800 | $307,600 | $381,500 |
| 08034 | $129,400 | $166,300 | $198,150 | $241,325 | $281,100 |
Source: Ownwell
Property Tax Bills Across Cherry Hill, Camden County, New Jersey
Property tax bills in Cherry Hill are calculated by applying the local tax rate to a home’s assessed value, which is based on the market value of the property. Local taxing authorities use that assessment to determine how much each homeowner owes for schools, county services, and municipal needs. For a home with a median price of $216,000, the resulting bill can vary widely depending on the neighborhood and specific assessment.
In Cherry Hill, the 25th percentile tax bill is $7,425, while the 75th percentile tax bill is $11,161 and the 90th percentile tax bill is $13,641. That range shows how property taxes can differ even among similar homes. The highest median tax bill is $10,404 in ZIP code 08003, while the lowest median tax bill is $8,097 in ZIP code 08002. For homeowners, these differences can have a major impact on monthly housing costs and long-term affordability, especially in a market where property taxes are already well above the national median tax bill of $2,400.
Median Cherry Hill Tax Bill
$9,055
Median Camden County Tax Bill
$7,102
Median New Jersey Tax Bill
$8,638
Median United States Tax Bill
$3,209
Property Tax Bills Across Cherry Hill, Camden County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 08002 | $5,454 | $6,853 | $8,097 | $9,307 | $10,618 |
| 08003 | $6,706 | $8,686 | $10,404 | $12,904 | $15,968 |
| 08034 | $5,437 | $6,971 | $8,307 | $10,126 | $11,771 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | April 1 |
Links | |
|---|---|
| Camden Tax Assessor | |
| Website | www.taxdatahub.com |