Runnemede, Camden County, New Jersey Property Taxes

Name: Property Tax Bills Across Runnemede, Camden County, New Jersey
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Runnemede, NJ effective property tax rate: 3.33%, significantly higher than the national median of 1.02%, but lower than the New Jersey state median of 2.82%.
Median Runnemede, NJ home value: $189,813
Median annual Runnemede, NJ tax bill: $6,318, $3,918 higher than the national median property tax bill of $2,400.

How are property taxes in Camden calculated?

Property taxes in Runnemede, 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 Runnemede’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Runnemede, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Runnemede, Camden County, New Jersey Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

3.33%

Estimate Property Tax Bill

$6,321

$5,866

Ownwell’s Runnemede Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Runnemede with just two data points. By entering your property's estimated assessed value, our calculator applies Runnemede’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your 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 Runnemede, Camden County, New Jersey

Local government entities establish tax rates, which can differ significantly across a state. Each year, counties determine their budgetary needs to fund public services and then divide this by the total assessed value of all taxable properties within their boundaries. This process results in the property tax rate. While the setting of tax rates and budgets involves legislative measures, this is essentially the annual routine. In Runnemede, located in Camden County, NJ, the effective property tax rate stands at 3.33%. This is notably higher compared to the national median property tax rate of 1.02%. The property tax rate in Runnemede is also the highest and lowest within its zip code, 08078, indicating uniformity in the area. When compared to the national median property tax bill of $2400, residents in Runnemede may find their property tax bills considerably higher due to the elevated tax rate. Understanding these rates can help property owners better anticipate their annual tax obligations and explore potential savings through appeals or exemptions.

Property Tax Rates Across Runnemede, Camden County, New Jersey

Source: Ownwell

2.75%

3.65%

4.54%

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 Runnemede Tax Rate

3.33%

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 Runnemede, Camden County, New Jersey

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
08078	3.33%	3.33%	3.33%	3.33%	3.33%

Source: Ownwell

Property Tax Assessment Values Across Runnemede, Camden County, New Jersey

When examining property taxes in Runnemede, 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 May. 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 Runnemede.

For example, the median home price in Runnemede is $189,813, with tax bills ranging significantly across the county. Zip code 08078 has the highest median home price at $189,813.

Property Tax Assessment Values Across Runnemede, Camden County, New Jersey

Source: Ownwell

$54,570

$257,531

$460,492

Median Runnemede Market Value

$189,813

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 Runnemede, Camden County, New Jersey

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
08078	$155,553	$171,699	$189,813	$211,604	$236,676

Source: Ownwell

Property Tax Bills Across Runnemede, Camden County, New Jersey

Property tax bills in Runnemede, NJ, are calculated based on the assessed value of a home and the local tax rate. The median home price in Runnemede is $189,813, which is significantly lower than the national median. However, the property tax rate in Camden County is one of the highest in the nation, leading to a median tax bill of $6,318. This is more than double the national median tax bill of $2,400. Homeowners in Runnemede can find their tax bills ranging from $5,715 at the 25th percentile to $7,877 at the 90th percentile, depending on the assessed value of their property. High property taxes can place a considerable financial burden on homeowners. Ownwell can help by providing expert property tax appeal and exemption services, potentially lowering the assessed value of your home and, consequently, your tax bill. By leveraging local expertise and a deep understanding of property tax laws, Ownwell aims to help homeowners in Runnemede reduce their financial burden and save money.

Property Tax Bills Across Runnemede, Camden County, New Jersey

Source: Ownwell

$1,531

$7,292

$13,052

Median Runnemede Tax Bill

$6,318

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 Runnemede, Camden County, New Jersey

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
08078	$5,177	$5,715	$6,318	$7,038	$7,877

Source: Ownwell