Property Taxes in Port Elizabeth, New Jersey
Median Port Elizabeth, New Jersey effective property tax rate: 2.86%, significantly higher than the national median of 1.02%, and slightly lower than the New Jersey state median of 2.88%.
Median Port Elizabeth, New Jersey home value: $164,600
Median annual Port Elizabeth, New Jersey tax bill: $4,701, $2,301 higher than the national median property tax bill of $2,400.
How are property taxes in Cumberland calculated?
Property taxes in Port Elizabeth, New Jersey 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 Port Elizabeth's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Port Elizabeth, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
How Does the Port Elizabeth Property Tax Calculator Work?
Use this Port Elizabeth property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Port Elizabeth's median effective tax rate of 2.86% — based on actual property records in Cumberland County — to generate your estimate.
Enter your property's estimated assessed value — the figure the local assessment process uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Port Elizabeth's median effective rate across all local levies, providing a more accurate estimate than applying a single county millage rate.
Your bill may vary by ZIP code within Port Elizabeth, but the median tax bill is $4,701 in 08348. Port Elizabeth's tax rate is higher than the New Jersey median tax rate of 2.88%, and the median tax bill is higher than the national median property tax bill of $2,400 by $2,301.
For a more precise estimate, scroll down to explore ZIP code-level tax rate trends across Port Elizabeth.
About Port Elizabeth Property Taxes
About Property Taxes in Port Elizabeth, Cumberland, New Jersey
Port Elizabeth’s median effective property tax rate of 2.86% is lower than the New Jersey state median of 2.88% and higher than the national median of 1.02%. This rate reflects the Cumberland County base levy combined with local school district levies and special assessment districts that vary by subdivision throughout the city.
Property tax rates are not uniform across Port Elizabeth. Homeowners in the 08348 ZIP code carry a median effective rate of 2.86%, while those in the same ZIP code pay 2.86%. This spread reflects how school district boundaries and local assessment districts are drawn across Cumberland County. Understanding which part of Port Elizabeth you live in can make a meaningful difference to your annual tax bill.
Port Elizabeth homeowners who believe their assessed value is too high can file a formal appeal with the Tax Assessor before April 1, 2026.
If your estimated bill above seems higher than expected, Ownwell can review your assessment and protest on your behalf. You only pay if we save you money.
Property Tax Rates Across Port Elizabeth, Cumberland County, New Jersey
As noted earlier, local government entities set tax rates, which can vary widely within a state.
Why? Because annually, each county 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 there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.
Below, you can compare Port Elizabeth's effective property tax rate to other cities in New Jersey and the median property tax rates in New Jersey and the U.S.
Property Tax Rates Across Port Elizabeth, Cumberland County, New Jersey
Source: Ownwell
2.86%
3.39%
3.92%
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 Port Elizabeth Tax Rate
2.86%
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 Cumberland County Tax Rate
3.18%
Median Effective New Jersey Tax Rate
2.88%
Median Effective United States Tax Rate
1.27%
Property Tax Rates Across Port Elizabeth, Cumberland County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 08348 | 2.86% | 2.86% | 2.86% | 2.86% | 2.86% |
Source: Ownwell
Property Tax Assessment Values Across Port Elizabeth, Cumberland County, New Jersey
When examining property taxes in Port Elizabeth, New Jersey, 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 the month.
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 Port Elizabeth.
For example, the median home price in Port Elizabeth is $164,600, with tax bills ranging significantly across the county. 08348 has the highest median home price at $164,600.
Property Tax Assessment Values Across Port Elizabeth, Cumberland County, New Jersey
Source: Ownwell
$101,200
$171,225
$241,250
Median Port Elizabeth Market Value
$164,600
Median Cumberland County Market Value
$136,000
Median New Jersey Market Value
$288,200
Median United States Market Value
$274,101
Property Tax Assessment Values Across Port Elizabeth, Cumberland County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 08348 | $104,240 | $123,750 | $164,600 | $202,700 | $257,100 |
Source: Ownwell
Property Tax Bills Across Port Elizabeth, Cumberland County, New Jersey
Port Elizabeth property tax bills are based on the assessed value of a home, not the market price alone. Local taxing authorities apply the tax rate to that assessed value to determine the annual bill, and the amount can change when assessments or tax rates change.
Several factors affect what homeowners pay, including the home’s assessed value, the local tax rate, and any exemptions or adjustments that may apply. With a median home price of $164,600, property taxes can still be substantial, especially when compared with the national median property tax bill of $2,400.
For many homeowners, the bill is a major part of the cost of owning a home and can influence long-term affordability. In Port Elizabeth, the median tax bill is $4,701 in ZIP code 08348, while bills range from $3,534 at the 25th percentile to $7,343 at the 90th percentile.
Property Tax Bills Across Port Elizabeth, Cumberland County, New Jersey
Source: Ownwell
$3,570
$5,361
$7,151
Median Port Elizabeth Tax Bill
$4,701
Median Cumberland County Tax Bill
$4,582
Median New Jersey Tax Bill
$8,638
Median United States Tax Bill
$3,209
Property Tax Bills Across Port Elizabeth, Cumberland County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 08348 | $2,977 | $3,534 | $4,701 | $5,789 | $7,343 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | April 1 |
Links | |
|---|---|
| Cumberland Tax Assessor | |
| Website | taxrecords-nj.com |