Union, Essex County, New Jersey Property Taxes
Median UNION, NJ effective property tax rate: 3.53%, significantly higher than the national median of 1.02%, but lower than the New Jersey state median of 2.82%.
Median UNION, NJ home value: $341,200
Median annual UNION, NJ tax bill: $12,031, $9,631 higher than the national median property tax bill of $2,400.
How are property taxes in Essex calculated?
Property taxes in UNION, 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 UNION’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in UNION, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Union, Essex County, New Jersey Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
3.53%
Estimate Property Tax Bill
$12,044
$11,177
Property Tax Rates Across Union, Essex County, New Jersey
Local government entities determine property tax rates, leading to significant variation within a state. This variation stems from each county's annual budget estimation, which is necessary to fund services. The county divides this budget by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. Although setting tax rates and budgets involves votes and legislation, this is the essence of the annual process.
In Union, Essex County, the effective property tax rate is a notable 3.53%, which is significantly higher than the national median of 1.02%. This means that residents here face a property tax rate that is more than three times the national average. Such a high rate can impact homeowners' financial planning and property investment decisions. Comparing Union’s property tax rate with other cities in New Jersey and the U.S. highlights the substantial differences in local tax burdens. Understanding these differences is crucial for property owners seeking to manage their tax liabilities effectively.
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 Union Tax Rate
3.53%
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 Essex County Tax Rate
3.51%
Median Effective New Jersey Tax Rate
2.82%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Union, Essex County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 07083 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across Union, Essex County, New Jersey
When examining property taxes in Union, 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 Essex 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 Essex 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 Union. For example, the median home price in Union is $341,200, with tax bills ranging significantly across the county.
Property Tax Assessment Values Across Union, Essex County, New Jersey
Source: Ownwell
$139,900
$749,150
$1,358,400
Median Union Market Value
$341,200
Median Essex County Market Value
$335,900
Median New Jersey Market Value
$282,900
Median United States Market Value
$235,294
Property Tax Assessment Values Across Union, Essex County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 07083 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Union, Essex County, New Jersey
In Union, located in Essex County, NJ, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by the local tax assessor and reflects a percentage of the property's market value. Homeowners in Union face a median property tax bill of $12,031, significantly higher than the national median of $2,400. This high tax bill is due to the region's elevated property values and tax rates. The local government's budgetary needs and public service requirements also influence the tax rate, contributing to the overall tax burden on homeowners.
For homeowners seeking relief from these substantial tax bills, Ownwell offers valuable assistance. By providing expert property tax appeal services, Ownwell helps homeowners challenge their property assessments, potentially leading to reduced tax bills. Our team of professionals analyzes market data and assessment records to build a solid case for lowering assessed values. This service not only alleviates the financial strain on homeowners but also ensures they are not overpaying on their property taxes.
Median Union Tax Bill
$12,031
Median Essex County Tax Bill
$11,297
Median New Jersey Tax Bill
$8,227
Median United States Tax Bill
$2,400
Property Tax Bills Across Union, Essex County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 07083 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell