Fortescue, Cumberland County, New Jersey Property Taxes

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

Median Fortescue, NJ effective property tax rate: 2.76%, significantly higher than the national median of 1.02%, but lower than the New Jersey state median of 2.82%.
Median Fortescue, NJ home value: $118,352
Median annual Fortescue, NJ tax bill: $3,272, $872 higher than the national median property tax bill of $2,400.

How are property taxes in Cumberland calculated?

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

Last Updated March 1, 2025

Fortescue, Cumberland County, New Jersey Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.76%

Estimate Property Tax Bill

$3,267

$3,031

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

Local government entities set tax rates, which can vary widely within a state. Each county estimates its required budget to provide services annually 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. Below, you can compare Fortescue’s effective property tax rate to other cities in New Jersey and the median property tax rates in New Jersey and the U.S.

In Fortescue, located in Cumberland County, property owners experience a median tax rate of 2.76%, which is significantly higher than the national median of 1.02%. This places Fortescue among the areas with the highest property tax rates in the country. Compared to the national median property tax bill of $2,400, residents in Fortescue face a considerably heavier tax burden. Understanding these figures is crucial for property owners aiming to manage their expenses effectively and explore potential tax appeal options.

Property Tax Rates Across Fortescue, 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 Fortescue Tax Rate

2.76%

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 Fortescue, Cumberland County, New Jersey

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
08321	2.76%	2.76%	2.76%	2.76%	2.76%

Source: Ownwell

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

When examining property taxes in Fortescue, 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 Fortescue. For example, the median home price in Fortescue is $118,352, with tax bills ranging significantly across the county. The zip code 08321 has the highest median home price at $118,352.

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

Source: Ownwell

$113,856

$190,277

$266,697

Median Fortescue Market Value

$118,352

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 Fortescue, Cumberland County, New Jersey

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
08321	$63,552	$92,142	$118,352	$172,534	$240,319

Source: Ownwell

Property Tax Bills Across Fortescue, Cumberland County, New Jersey

In Fortescue, Cumberland County, NJ, property tax bills are calculated based on the assessed value of a home. The median home price in this area is $118,352, and the property tax rate is generally higher than the national median rate of 1.02%. Consequently, homeowners in Fortescue often face substantial tax bills. The tax bill is determined by multiplying the assessed value of the property by the local tax rate. Factors such as property size, location, and improvements can influence the assessed value, impacting the final tax bill. For instance, the median tax bill in Fortescue is $3,272, which is significantly higher than the national median property tax bill of $2,400. This can be a considerable financial burden for homeowners. Ownwell offers expert property tax appeal and exemption services that help homeowners in Fortescue potentially reduce their tax liabilities. By analyzing assessment records and providing strategic appeals, Ownwell assists homeowners in lowering their property tax bills, ensuring they only pay what is fair and accurate.

Property Tax Bills Across Fortescue, Cumberland County, New Jersey

Source: Ownwell

$3,272

$5,234

$7,195

Median Fortescue Tax Bill

$3,272

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 Fortescue, Cumberland County, New Jersey

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
08321	$1,757	$2,547	$3,272	$4,770	$6,643

Source: Ownwell