Property Taxes in Magnolia, New Jersey
Median Magnolia, New Jersey effective property tax rate: 4.68%, significantly higher than the national median of 1.02%, and higher than the New Jersey state median of 2.88%.
Median Magnolia, New Jersey home value: $151,900
Median annual Magnolia, New Jersey tax bill: $6,979, higher than the national median property tax bill of $2,400.
How are property taxes in Camden calculated?
Property taxes in Magnolia, 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 Magnolia's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Magnolia, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
How Does the Magnolia Property Tax Calculator Work?
Use this Magnolia property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Magnolia's median effective tax rate of 4.68% — based on actual property records in Camden County — to generate your estimate.
Enter your property's estimated assessed value — the figure the local tax authority uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Magnolia's median effective rate across all local levies, providing a more accurate estimate than applying a single county millage rate.
Magnolia's property taxes are higher than the New Jersey median tax rate of 2.88% and higher than the national median property tax rate of 1.02%. The median property tax bill is $6,979, which is $4,579 higher than the New Jersey median bill.
Your bill may vary by ZIP code within Magnolia, but the median tax bill is $6,979 in 08049.
For a more precise estimate, scroll down to explore ZIP code-level tax rate trends across Magnolia.
About Magnolia Property Taxes
About Property Taxes in Magnolia, Camden, New Jersey
Magnolia's median effective property tax rate of 4.68% 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 Magnolia. Homeowners in the 08049 ZIP code carry a median effective rate of 4.68%, while those in the lowest ZIP code pay 4.68%. This spread reflects how school district boundaries and local assessment districts are drawn across Camden County. Understanding which part of Magnolia you live in can make a meaningful difference to your annual tax bill.
Magnolia 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 Magnolia, 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 Magnolia'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 Magnolia Tax Rate
4.68%
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 Magnolia, Camden County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 08049 | 4.08% | 4.68% | 4.68% | 4.68% | 4.68% |
Source: Ownwell
Property Tax Assessment Values Across Magnolia, Camden County, New Jersey
When examining property taxes in Magnolia, 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 the spring each year. They'll typically reach your mailbox by the middle of February.
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. For Magnolia, the median home price is $151,900, with a median tax bill of $6,979. The 25th percentile tax bill is $6,384, while the 75th percentile is $7,682.
Property Tax Assessment Values Across Magnolia, Camden County, New Jersey
Source: Ownwell
$45,000
$215,450
$385,900
Median Magnolia Market Value
$151,900
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 Magnolia, Camden County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 08049 | $127,860 | $137,300 | $151,900 | $173,900 | $192,700 |
Source: Ownwell
Property Tax Bills Across Magnolia, Camden County, New Jersey
Property tax bills in Magnolia are based on the assessed value of a home and the local tax rate set by Camden County and other taxing authorities. When a property’s assessed value rises, the tax bill can increase even if the homeowner has not made any changes to the home. The bill is determined by multiplying the assessed value by the applicable tax rate, so both market conditions and local budgets can affect what homeowners owe.
In Magnolia, the median home price is $151,900, and the median property tax bill is $6,979. That is well above the national median property tax bill of $2,400 and reflects how local assessments can create a heavier tax burden for homeowners. Bills in the area also vary, with the 25th percentile at $6,384 and the 90th percentile at $8,379. For homeowners, this means property taxes can be a major ongoing cost, especially when assessed values and tax rates move upward.
Median Magnolia Tax Bill
$6,979
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 Magnolia, Camden County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 08049 | $5,977 | $6,384 | $6,979 | $7,682 | $8,379 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | April 1 |
Links | |
|---|---|
| Camden Tax Assessor | |
| Website | www.taxdatahub.com |