Mount Ephraim, Camden County, New Jersey Property Taxes
Median Mount Ephraim, NJ effective property tax rate: 3.89%, significantly higher than the national median of 1.02%, but lower than the NJ state median of 2.82%.
Median Mount Ephraim, NJ home value: $196,038
Median annual Mount Ephraim, NJ tax bill: $7,322, $4,922 higher than the national median property tax bill of $2,400.
How are property taxes in Camden calculated?
Property taxes in Mount Ephraim, 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 Mount Ephraim’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Mount Ephraim, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Mount Ephraim, Camden County, New Jersey Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
3.89%
Estimate Property Tax Bill
$7,626
$7,077
Ownwell’s Mount Ephraim Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Mount Ephraim with just two data points.
By entering your property's estimated assessed value, our calculator applies Mount Ephraim’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by Camden County — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations.
This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Camden County.
For those interested in more localized information, please scroll down to explore city-level trends!
Property Tax Rates Across Mount Ephraim, 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.
In Mount Ephraim, located in Camden County, NJ, the effective property tax rate is significantly higher than the national median property tax rate of 1.02%. With a median property tax rate of 3.89%, Mount Ephraim stands out not only within New Jersey but also on a national scale. This rate is among the highest in the state, reflecting the broader trend of elevated property taxes in New Jersey. The financial demands of maintaining local services and infrastructure are a key factor driving these rates. Comparatively, the national median property tax bill is $2,400, which further highlights the distinct property tax landscape in Mount Ephraim. Understanding these rates can provide valuable insights for homeowners and potential buyers in the area.
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 Mount Ephraim Tax Rate
3.89%
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 Mount Ephraim, Camden County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 08059 | 3.01% | 3.89% | 3.89% | 3.89% | 3.89% |
Source: Ownwell
Property Tax Assessment Values Across Mount Ephraim, Camden County, New Jersey
When examining property taxes in Mount Ephraim, 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 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 Mount Ephraim. For example, the median home price in Mount Ephraim is $196,038, with tax bills ranging significantly across the county. Zip code 08059 has the highest median home price at $196,038.
Property Tax Assessment Values Across Mount Ephraim, Camden County, New Jersey
Source: Ownwell
$54,570
$257,531
$460,492
Median Mount Ephraim Market Value
$196,038
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 Mount Ephraim, Camden County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 08059 | $154,896 | $173,148 | $196,038 | $223,323 | $260,236 |
Source: Ownwell
Property Tax Bills Across Mount Ephraim, Camden County, New Jersey
In Mount Ephraim, Camden County, NJ, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. The assessed value is a percentage of the market value of the property, and the tax rate is set annually by local government entities. Homeowners in Mount Ephraim face a median property tax bill of $7,322, significantly higher than the national median of $2,400. This high tax bill is influenced by local budgeting needs and the value of properties in the area. For homeowners, this can mean a substantial annual expense, impacting their overall financial planning.
Ownwell offers a solution by providing property tax appeal and exemption services. By reviewing a property's assessed value and comparing it to market trends, Ownwell identifies opportunities to challenge over-assessments. This can lead to reduced tax bills, offering homeowners potential savings. With expert guidance, homeowners can navigate the complex property tax system and ensure they are not overpaying, making property ownership more affordable.
Property Tax Bills Across Mount Ephraim, Camden County, New Jersey
Source: Ownwell
$1,531
$7,292
$13,052
Median Mount Ephraim Tax Bill
$7,322
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 Mount Ephraim, Camden County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 08059 | $5,837 | $6,491 | $7,322 | $8,291 | $9,312 |
Source: Ownwell