Waterford Works, Camden County, New Jersey Property Taxes

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

Median Waterford Works, NJ effective property tax rate: 3.10%, significantly higher than the national median of 1.02%, but lower than the New Jersey state median of 2.82%.
Median Waterford Works, NJ home value: $229,510
Median annual Waterford Works, NJ tax bill: $7,017, $4,617 higher than the national median property tax bill of $2,400.

How are property taxes in Camden calculated?

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

Last Updated March 1, 2025

Waterford Works, Camden County, New Jersey Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

3.85%

Estimate Property Tax Bill

$6,784

$6,295

Ownwell’s Waterford Works Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Waterford Works with just two data points. By entering your property's estimated assessed value, our calculator applies Waterford Works’ 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 Waterford Works, Camden County, New Jersey

Local government entities set property tax rates, which can vary significantly within New Jersey. Each county, including Camden, estimates its annual budget needed to provide essential services and divides that by the total value of all taxable property within its borders. This calculation results in the property tax rate. While votes and laws play a role in determining tax rates and budgets, this is essentially the annual process.

In Waterford Works, the effective property tax rate is a reflection of these calculations. With Camden County having one of the highest median property tax rates in New Jersey, residents may find their property tax bills higher than those in other counties. The median property tax rate in Waterford Works is notably higher than the national median of 1.02%, highlighting the variability in property taxes across different regions. This disparity underscores the importance of understanding local tax assessments and exploring potential avenues for appealing or reducing tax obligations. By staying informed and proactive, property owners in Waterford Works can better manage their tax responsibilities and potentially achieve significant savings.

Property Tax Rates Across Waterford Works, Camden County, New Jersey

Source: Ownwell

3.19%

4.32%

5.44%

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 Waterford Works Tax Rate

3.85%

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 Waterford Works, Camden County, New Jersey

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
08089	3.80%	3.80%	3.85%	4.30%	4.30%

Source: Ownwell

Property Tax Assessment Values Across Waterford Works, Camden County, New Jersey

When examining property taxes in Waterford Works, 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 Waterford Works.

For example, the median home price in Waterford Works is $229,510, with tax bills ranging significantly across the county. The zip code 08089 has the highest median home price at $229,510.

Property Tax Assessment Values Across Waterford Works, Camden County, New Jersey

Source: Ownwell

$45,000

$215,450

$385,900

Median Waterford Works Market Value

$176,200

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 Waterford Works, Camden County, New Jersey

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
08089	$129,960	$152,800	$176,200	$199,800	$233,020

Source: Ownwell

Property Tax Bills Across Waterford Works, Camden County, New Jersey

In Waterford Works, NJ, located in Camden County, property tax bills are calculated based on the assessed value of a property. The local tax rate is applied to this assessed value to determine the annual tax bill. In this region, tax bills can be substantial, with the median tax bill standing at $7,017, significantly higher than the national median of $2,400. Factors influencing the tax bill include the property's assessed value, which may not always align with the current market value, and the local tax rate. Homeowners often find themselves paying more than they should due to discrepancies in these valuations. This is where Ownwell can make a difference. By providing expert property tax appeal and exemption services, Ownwell helps homeowners ensure their property is assessed accurately, potentially lowering their tax bills. With Ownwell’s assistance, homeowners can navigate the complexities of property tax assessments, leading to significant savings and financial relief.

Property Tax Bills Across Waterford Works, Camden County, New Jersey

Source: Ownwell

$1,538

$7,182

$12,826

Median Waterford Works Tax Bill

$6,991

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 Waterford Works, Camden County, New Jersey

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
08089	$5,255	$6,038	$6,991	$7,970	$9,430

Source: Ownwell