Blackwood, Gloucester County, New Jersey Property Taxes

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

Median Blackwood, NJ effective property tax rate: 2.83%, significantly higher than the national median of 1.02%, but slightly higher than the New Jersey state median of 2.82%.
Median Blackwood, NJ home value: $273,039
Median annual Blackwood, NJ tax bill: $7,733, $5,333 higher than the national median property tax bill of $2,400.

How are property taxes in Gloucester calculated?

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

Last Updated March 1, 2025

Blackwood, Gloucester County, New Jersey Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.83%

Estimate Property Tax Bill

$7,727

$7,170

Ownwell’s Blackwood Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Blackwood with just two data points.

By entering your property's estimated assessed value, our calculator applies Blackwood’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 Gloucester County.

For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Blackwood, Gloucester County, New Jersey

Local government entities set tax rates, which can vary widely within a state. This variation arises 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, resulting in the property tax rate. While votes and laws play a role in setting tax rates and budgets, this is essentially the annual process.

In Blackwood, Gloucester County, NJ, the effective property tax rate is notably higher than the national median of 1.02%. With a median property tax rate of 2.83%, Blackwood stands out both within the state and nationally. This rate reflects the county's approach to funding local services, which can include education, public safety, and infrastructure maintenance. Despite the higher rates, property taxes are a crucial element of local government funding, ensuring the community's needs are met. Comparing Blackwood’s rate to other cities in New Jersey and across the U.S. highlights the significant variation in property tax rates, influenced by local budgetary requirements and property values.

Property Tax Rates Across Blackwood, Gloucester County, New Jersey

Source: Ownwell

1.66%

2.86%

4.07%

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 Blackwood Tax Rate

2.83%

Median Effective Gloucester County Tax Rate

2.83%

Median Effective New Jersey Tax Rate

2.82%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Blackwood, Gloucester County, New Jersey

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
08012	2.83%	2.83%	2.83%	2.83%	2.83%

Source: Ownwell

Property Tax Assessment Values Across Blackwood, Gloucester County, New Jersey

When examining property taxes in Blackwood, 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 Gloucester 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 Gloucester 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 Blackwood. For example, the median home price in Blackwood is $273,039, with tax bills ranging significantly across the county. Zip code 08012 has the highest median home price at $273,039.

Property Tax Assessment Values Across Blackwood, Gloucester County, New Jersey

Source: Ownwell

$118,344

$277,968

$437,591

Median Blackwood Market Value

$273,039

Median Gloucester County Market Value

$246,529

Median New Jersey Market Value

$282,900

Median United States Market Value

$235,294

Property Tax Assessment Values Across Blackwood, Gloucester County, New Jersey

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
08012	$201,701	$243,970	$273,039	$305,280	$350,089

Source: Ownwell

Property Tax Bills Across Blackwood, Gloucester County, New Jersey

In Blackwood, Gloucester County, NJ, property tax bills are calculated based on the assessed value of a property and the local tax rate. The assessed value is determined by the county assessor, who estimates the market value of the property. The tax rate is set by local taxing authorities and is applied to the assessed value to calculate the tax bill. Homeowners in Blackwood face a median tax bill of $7,733, significantly higher than the national median of $2,400. Factors like property improvements or market changes can influence the assessed value, potentially increasing tax bills. This can place a financial burden on homeowners, especially when tax bills fall between the 25th percentile of $6,909 and the 90th percentile of $9,915. Ownwell offers services to help homeowners reduce their property tax bills by identifying potential savings through appeals and exemptions. By leveraging local expertise, Ownwell can ensure that homeowners are not overpaying and can achieve the most favorable tax outcome possible.

Property Tax Bills Across Blackwood, Gloucester County, New Jersey

Source: Ownwell

$2,963

$6,922

$10,881

Median Blackwood Tax Bill

$7,733

Median Gloucester County Tax Bill

$7,106

Median New Jersey Tax Bill

$8,227

Median United States Tax Bill

$2,400

Property Tax Bills Across Blackwood, Gloucester County, New Jersey

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
08012	$5,712	$6,909	$7,733	$8,646	$9,915

Source: Ownwell