Gloucester City, Camden County, New Jersey Property Taxes
Median Gloucester City, NJ effective property tax rate: 3.99%, significantly higher than the national median of 1.02%, but lower than the New Jersey state median of 2.82%. Median Gloucester City, NJ home value: $130,909. Median annual Gloucester City, NJ tax bill: $5,189, $2,789 higher than the national median property tax bill of $2,400.
How are property taxes in Camden calculated?
Property taxes in Gloucester City, 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 Gloucester City’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Gloucester City, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Gloucester City, Camden County, New Jersey Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
5%
Estimate Property Tax Bill
$5,345
$4,960
Property Tax Rates Across Gloucester City, Camden County, New Jersey
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 Gloucester City’s effective property tax rate to other cities in New Jersey and the median property tax rates in New Jersey and the U.S. Gloucester City, located in Camden County, has an effective property tax rate of 3.99%, which is significantly higher than the national median property tax rate of 1.02%. This places Gloucester City among the cities with the highest property tax rates in the country. Such a high rate can impact homeowners' financial planning, making it essential to explore potential property tax appeals or exemptions. Understanding how Gloucester City's tax rate compares to others in the state and nationwide can be crucial for residents looking to manage their property tax liabilities effectively.
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 Gloucester City Tax Rate
5.00%
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
1.02%
Property Tax Rates Across Gloucester City, Camden County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 08030 | 5.00% | 5.00% | 5.00% | 5.00% | 5.00% |
Source: Ownwell
Property Tax Assessment Values Across Gloucester City, Camden County, New Jersey
When examining property taxes in Gloucester City, 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.
Assessment notices: Camden County sends assessment notices 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 Gloucester City.
For example, the median home price in Gloucester City is $130,909, with tax bills ranging significantly across the county. 08030 has the highest median home price at $130,909.
Property Tax Assessment Values Across Gloucester City, Camden County, New Jersey
Source: Ownwell
$45,000
$215,450
$385,900
Median Gloucester City Market Value
$106,900
Median Camden County Market Value
$169,400
Median New Jersey Market Value
$288,200
Median United States Market Value
$235,294
Property Tax Assessment Values Across Gloucester City, Camden County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 08030 | $65,280 | $79,900 | $106,900 | $135,100 | $161,210 |
Source: Ownwell
Property Tax Bills Across Gloucester City, Camden County, New Jersey
Property Tax Bills Across Gloucester City, Camden County, New Jersey
Source: Ownwell
$1,538
$7,182
$12,826
Median Gloucester City Tax Bill
$5,222
Median Camden County Tax Bill
$7,102
Median New Jersey Tax Bill
$8,638
Median United States Tax Bill
$2,400
Property Tax Bills Across Gloucester City, Camden County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 08030 | $3,233 | $3,963 | $5,222 | $6,690 | $7,971 |
Source: Ownwell