Property Taxes in Bloomfield, New Jersey
Median Bloomfield, New Jersey effective property tax rate: 3.27%, significantly higher than the national median of 1.02%, and higher than the New Jersey state median of 2.88%.
Median Bloomfield, New Jersey home value: $358,100
Median annual Bloomfield, New Jersey tax bill: $11,688, higher than the national median property tax bill of $2,400.
How are property taxes in Essex calculated?
Property taxes in Bloomfield, 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 Bloomfield's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Bloomfield, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
How Does the Bloomfield Property Tax Calculator Work?
Use this Bloomfield property tax calculator to estimate your annual property tax bill. Enter your property’s assessed value and our calculator applies Bloomfield’s median effective tax rate of 3.27% — based on actual property records in Essex County — to generate your estimate.
Enter your property’s estimated assessed value — the figure used to calculate your bill, which reflects any exemptions you hold and is typically lower than your home’s market value. Our calculator applies Bloomfield’s median effective rate across all local levies, providing a more accurate estimate than applying a single county millage rate.
Bloomfield’s median effective tax rate is higher than the New Jersey median tax rate of 2.88%, and the median property tax bill is $11,688, which is $9,288 higher than the state median property tax bill.
Your bill may vary by ZIP code within Bloomfield: rates range from 3.27% in 07003 to 3.27% in 07003, primarily due to differences in school district levies and local assessment districts.
For a more precise estimate, scroll down to explore ZIP code-level tax rate trends across Bloomfield.
About Bloomfield Property Taxes
About Property Taxes in Bloomfield, Essex, New Jersey
Bloomfield’s median effective property tax rate of 3.27% is higher than the New Jersey state median of 2.88% and higher than the national median of 1.02%. This rate reflects the Essex 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 Bloomfield. Homeowners in ZIP code 07003 carry a median effective rate of 3.27%, while those in the same ZIP also pay 3.27%. This spread reflects how school district boundaries and local assessment districts are drawn across Essex County. Understanding which part of Bloomfield you live in can make a meaningful difference to your annual tax bill.
Bloomfield homeowners who believe their assessed value is too high can file a formal appeal with the Tax Assessor before the April 1, 2026 deadline each year.
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 Bloomfield, Essex 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 Bloomfield's effective property tax rate to other cities in New Jersey and the median property tax rates in New Jersey and the U.S.
Our median effective property tax rate (tax bill Ă· 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 Bloomfield Tax Rate
3.27%
Our median effective property tax rate (tax bill Ă· 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 Essex County Tax Rate
3.27%
Median Effective New Jersey Tax Rate
2.88%
Median Effective United States Tax Rate
1.27%
Property Tax Rates Across Bloomfield, Essex County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 07003 | 3.27% | 3.27% | 3.27% | 3.27% | 3.27% |
Source: Ownwell
Property Tax Assessment Values Across Bloomfield, Essex County, New Jersey
When examining property taxes in Bloomfield, 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 Essex County tax assessor 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 Essex County, assessment notices are sent in the spring each year. They'll typically reach your mailbox by the middle of February.
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 Bloomfield.
For example, the median home price in Bloomfield is $358,100, with tax bills ranging significantly across the county. 07003 has the highest median home price at $358,100.
Property Tax Assessment Values Across Bloomfield, Essex County, New Jersey
Source: Ownwell
$145,150
$750,800
$1,356,450
Median Bloomfield Market Value
$358,100
Median Essex County Market Value
$366,500
Median New Jersey Market Value
$288,200
Median United States Market Value
$274,101
Property Tax Assessment Values Across Bloomfield, Essex County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 07003 | $213,900 | $300,900 | $358,100 | $416,600 | $473,880 |
Source: Ownwell
Property Tax Bills Across Bloomfield, Essex County, New Jersey
Property tax bills in Bloomfield are calculated by applying the local tax rate to a home’s assessed market value. The assessed value is based on what the property is worth for tax purposes, not what the owner paid for it. For Bloomfield homeowners, the median home price is $358,100, and the median property tax bill is $11,688, which is far above the national median property tax bill of $2,400 and the national median property tax rate of 1.02%.
Several factors affect the final bill, including the home’s assessed value, local tax rates, and how those rates are set by county and municipal budgets. Homes with higher assessed values generally face larger tax bills, while lower assessed values usually mean lower taxes. In Bloomfield, tax bills can vary widely, with the 25th percentile at $9,846 and the 75th percentile at $13,595.
For homeowners, this means property taxes can be a major part of annual housing costs and can change as assessments or tax rates change.
Median Bloomfield Tax Bill
$11,688
Median Essex County Tax Bill
$11,737
Median New Jersey Tax Bill
$8,638
Median United States Tax Bill
$3,209
Property Tax Bills Across Bloomfield, Essex County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 07003 | $7,131 | $9,846 | $11,688 | $13,595 | $15,425 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | April 1 |
Links | |
|---|---|
| Essex Tax Assessor | |
| Website | www.taxdatahub.com |