Deerfield Twp, Cumberland County, New Jersey Property Taxes

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

Median DEERFIELD TWP, NJ effective property tax rate: 2.94%, significantly higher than the national median of 1.02%, but lower than the NJ state median of 2.82%.
Median DEERFIELD TWP, NJ home value: $175,192
Median annual DEERFIELD TWP, NJ tax bill: $5,157, $2,757 higher than the national median property tax bill of $2,400.

How are property taxes in Cumberland calculated?

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

Last Updated March 1, 2025

Deerfield Twp, Cumberland County, New Jersey Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.94%

Estimate Property Tax Bill

$5,151

$4,780

Ownwell’s DEERFIELD TWP Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in DEERFIELD TWP with just two data points.

By entering your property's estimated assessed value, our calculator applies DEERFIELD TWP’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.

For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Deerfield Twp, Cumberland County, New Jersey

Local government entities set tax rates, which can vary widely within a state. This variation occurs because each county annually estimates its required budget to provide necessary services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While votes and laws play a role in setting tax rates and budgets, this is the annual process in a nutshell.

In DEERFIELD TWP, located in Cumberland County, NJ, the effective property tax rate is significantly higher than the national median of 1.02%. This substantial difference underscores the importance of understanding local tax obligations and how they compare to state and national averages. With New Jersey's median property tax rate being among the highest in the country, property owners in DEERFIELD TWP may find the tax burden notably heavier compared to other regions. For those looking to manage their property tax expenses effectively, exploring appeal and exemption options could be beneficial. By staying informed and proactive, property owners can make informed decisions to potentially reduce their tax liabilities.

Property Tax Rates Across Deerfield Twp, 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 Deerfield Twp Tax Rate

2.94%

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 Deerfield Twp, Cumberland County, New Jersey

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
08302	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Deerfield Twp, Cumberland County, New Jersey

When examining property taxes in DEERFIELD TWP, 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. Assessment notices: In Cumberland 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 DEERFIELD TWP. For example, the median home price in DEERFIELD TWP is $175,192, with tax bills ranging significantly across the county.

Property Tax Assessment Values Across Deerfield Twp, Cumberland County, New Jersey

Source: Ownwell

$113,856

$190,277

$266,697

Median Deerfield Twp Market Value

$175,192

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 Deerfield Twp, Cumberland County, New Jersey

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
08302	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Deerfield Twp, Cumberland County, New Jersey

In Deerfield Township, Cumberland County, NJ, property tax bills are calculated based on the assessed value of a home, which is determined by local tax assessors. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. With a median home price of $175,192, homeowners in Deerfield Township face a significant property tax burden. The median property tax bill in this area is considerably higher than the national median of $2,400, with the 25th percentile bill at $4,520 and the 75th percentile reaching $5,397. Factors such as location, property size, and improvements can influence the assessed value, impacting the final tax bill. Ownwell can assist homeowners in reducing their property tax bills by identifying potential savings through appeals and exemptions. Our team of experts reviews your property assessment and guides you through the appeal process, ensuring you pay only your fair share. This service can lead to substantial savings, easing the financial burden on homeowners.

Property Tax Bills Across Deerfield Twp, Cumberland County, New Jersey

Source: Ownwell

$3,272

$5,234

$7,195

Median Deerfield Twp Tax Bill

$5,157

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 Deerfield Twp, Cumberland County, New Jersey

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
08302	N/A	N/A	N/A	N/A	N/A

Source: Ownwell