Fairton, Cumberland County, New Jersey Property Taxes

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

Median Fairton, NJ effective property tax rate: 2.63%, significantly higher than the national median of 1.02%, but lower than the New Jersey state median of 2.82%.
Median Fairton, NJ home value: $332,828
Median annual Fairton, NJ tax bill: $8,764, $6,364 higher than the national median property tax bill of $2,400.

How are property taxes in Cumberland calculated?

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

Last Updated March 1, 2025

Fairton, Cumberland County, New Jersey Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.63%

Estimate Property Tax Bill

$8,753

$8,123

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

Local government entities set tax rates, which can vary widely within a state. This is because each county annually 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 votes and laws are involved in setting tax rates and budgets, in a nutshell, this is the annual process. In Fairton, Cumberland County, New Jersey, the effective property tax rate stands at 2.63%, significantly higher than the national median property tax rate of 1.02%. This higher rate reflects the local government's budgetary needs and the total assessed value of properties in the area. New Jersey, known for having some of the highest property tax rates in the country, demonstrates this trend with Fairton's rate. Homeowners in Fairton should be aware of these rates as they can significantly impact the annual property tax bill, which may be considerably higher than the national median of $2,400. Understanding these dynamics can empower property owners to make informed decisions about property tax appeals and exemptions.

Property Tax Rates Across Fairton, 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 Fairton Tax Rate

2.63%

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 Fairton, Cumberland County, New Jersey

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
08320	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

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

When examining property taxes in Fairton, 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 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 Fairton. For example, the median home price in Fairton is $332,828, with tax bills ranging significantly across the county.

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

Source: Ownwell

$113,856

$190,277

$266,697

Median Fairton Market Value

$332,828

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 Fairton, Cumberland County, New Jersey

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
08320	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Fairton, Cumberland County, New Jersey

In Fairton, NJ, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. The assessed value is typically based on a percentage of the home's market value. In Cumberland County, where Fairton is located, property tax bills can be significantly higher than the national median. For instance, the 25th percentile tax bill is $7,257, which is considerably above the national median property tax bill of $2,400. The 75th percentile tax bill reaches $10,271, indicating that many homeowners face substantial property tax burdens. These high taxes can impact homeowners by increasing the cost of homeownership and reducing disposable income. Ownwell can assist homeowners in Fairton by analyzing their property tax assessments and identifying potential errors or discrepancies. By filing appeals and securing exemptions, Ownwell helps reduce property tax bills, making homeownership more affordable. This service is especially beneficial in areas like Fairton, where property taxes are notably higher than the national average.

Property Tax Bills Across Fairton, Cumberland County, New Jersey

Source: Ownwell

$3,272

$5,234

$7,195

Median Fairton Tax Bill

$8,764

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 Fairton, Cumberland County, New Jersey

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
08320	N/A	N/A	N/A	N/A	N/A

Source: Ownwell