Bridgeton, Cumberland County, New Jersey Property Taxes

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

Median Bridgeton, NJ effective property tax rate: 2.82%, significantly higher than the national median of 1.02%, but equal to the New Jersey state median of 2.82%.
Median Bridgeton, NJ home value: $146,538
Median annual Bridgeton, NJ tax bill: $4,455, $2,055 higher than the national median property tax bill of $2,400.

How are property taxes in Cumberland calculated?

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

Last Updated March 1, 2025

Bridgeton, Cumberland County, New Jersey Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.82%

Estimate Property Tax Bill

$4,132

$3,835

Ownwell’s Bridgeton Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Bridgeton with just two data points. By entering your property's estimated assessed value, our calculator applies Bridgeton’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 Cumberland County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Bridgeton, Cumberland County, New Jersey

Local government entities set tax rates, which can vary widely within a state. Each county estimates its required budget annually 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. Bridgeton in Cumberland County, NJ, has an effective property tax rate that aligns with the county's median rate of 2.82%. This rate stands out when compared to the national median property tax rate of 1.02%. Such a high rate can significantly impact homeowners' annual tax bills, which are likely to exceed the national median property tax bill of $2,400. Understanding these rates is crucial for property owners in Bridgeton who wish to manage their expenses effectively. By comparing these rates to other areas in New Jersey and the U.S., homeowners can better grasp the local tax landscape and explore potential avenues for property tax appeals or exemptions.

Property Tax Rates Across Bridgeton, Cumberland County, New Jersey

Source: Ownwell

2.50%

2.86%

3.23%

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 Bridgeton Tax Rate

2.82%

Median Effective Cumberland County Tax Rate

2.69%

Median Effective New Jersey Tax Rate

2.82%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Bridgeton, Cumberland County, New Jersey

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
08302	2.63%	2.69%	2.82%	4.07%	4.07%

Source: Ownwell

Property Tax Assessment Values Across Bridgeton, Cumberland County, New Jersey

When examining property taxes in Bridgeton, 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 Cumberland 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 Cumberland County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of March. 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 Bridgeton.

For example, the median home price in Bridgeton is $146,538, with tax bills ranging significantly across the county. Zip code 08302 has the highest median home price at $146,538.

Property Tax Assessment Values Across Bridgeton, Cumberland County, New Jersey

Source: Ownwell

$113,856

$190,277

$266,697

Median Bridgeton Market Value

$146,538

Median Cumberland County Market Value

$168,564

Median New Jersey Market Value

$282,900

Median United States Market Value

$235,294

Property Tax Assessment Values Across Bridgeton, Cumberland County, New Jersey

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
08302	$54,988	$87,780	$146,538	$202,164	$271,238

Source: Ownwell

Property Tax Bills Across Bridgeton, Cumberland County, New Jersey

In Bridgeton, NJ, property tax bills are calculated based on the assessed value of a home, which reflects its market value. The city applies a specific tax rate to this assessed value to determine the annual tax bill. Factors such as local government budgets, school funding needs, and infrastructure projects influence the tax rate. Bridgeton homeowners face a median property tax bill of $4,455, significantly higher than the national median of $2,400. This substantial tax burden can impact homeowners' finances, making it crucial to seek potential savings.

Ownwell assists homeowners in reducing their property tax bills by providing expert property tax appeal and exemption services. By analyzing property assessments and market conditions, Ownwell identifies discrepancies and opportunities for reassessment, potentially lowering the tax burden. Homeowners can benefit from Ownwell's expertise, ensuring they pay only their fair share of property taxes, thus alleviating financial stress and enhancing property value retention.

Property Tax Bills Across Bridgeton, Cumberland County, New Jersey

Source: Ownwell

$3,272

$5,234

$7,195

Median Bridgeton Tax Bill

$4,455

Median Cumberland County Tax Bill

$4,561

Median New Jersey Tax Bill

$8,227

Median United States Tax Bill

$2,400

Property Tax Bills Across Bridgeton, Cumberland County, New Jersey

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
08302	$2,184	$3,129	$4,455	$5,877	$7,636

Source: Ownwell