Bridgeport, Gloucester County, New Jersey Property Taxes
Median Bridgeport, NJ effective property tax rate: 1.66%, significantly higher than the national median of 1.02%, but lower than the NJ state median of 2.82%.
Median Bridgeport, NJ home value: $178,948
Median annual Bridgeport, NJ tax bill: $2,963, $563 higher than the national median property tax bill of $2,400.
How are property taxes in Gloucester calculated?
Property taxes in Bridgeport, 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 Bridgeport’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Bridgeport, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Bridgeport, Gloucester County, New Jersey Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.66%
Estimate Property Tax Bill
$2,971
$2,757
Ownwell’s Bridgeport Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Bridgeport with just two data points. By entering your property's estimated assessed value, our calculator applies Bridgeport’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.
For those interested in more localized information, please scroll down to explore city-level trends!
Property Tax Rates Across Bridgeport, Gloucester County, New Jersey
Local government entities set tax rates, and these can vary widely within New Jersey. The process involves each county estimating its required budget to provide services and then dividing that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While votes and laws play a role in setting tax rates and budgets, this is the annual process in a nutshell.
Bridgeport in Gloucester County, NJ, has an effective property tax rate of 1.66%. This rate is notably higher than the national median of 1.02%, highlighting the variance in property tax rates across different regions. When comparing Bridgeport's rate to other cities in New Jersey, it remains consistent as the highest and lowest median tax rate in the state is also 1.66%. This suggests a uniformity in property tax rates within certain areas of New Jersey, despite the potential for variation across the state. 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 Bridgeport Tax Rate
1.66%
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 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 Bridgeport, Gloucester County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 08014 | 1.66% | 1.66% | 1.66% | 1.66% | 1.66% |
Source: Ownwell
Property Tax Assessment Values Across Bridgeport, Gloucester County, New Jersey
When examining property taxes in Bridgeport, 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 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 Bridgeport.
For example, the median home price in Bridgeport is $178,948, with tax bills ranging significantly across the county. Zip code 08014 has the highest median home price at $178,948.
Property Tax Assessment Values Across Bridgeport, Gloucester County, New Jersey
Source: Ownwell
$118,344
$277,968
$437,591
Median Bridgeport Market Value
$178,948
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 Bridgeport, Gloucester County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 08014 | $82,238 | $145,259 | $178,948 | $213,002 | $252,227 |
Source: Ownwell
Property Tax Bills Across Bridgeport, Gloucester County, New Jersey
In Bridgeport, NJ, property tax bills are determined based on the assessed value of a home, which is a percentage of its market value. The local tax rate is then applied to this assessed value to calculate the tax bill. Factors such as property size, location, and improvements can influence the assessed value, impacting the tax amount owed by homeowners. In Bridgeport, the median property tax bill is $2,963, slightly above the national median of $2,400. This can place a significant financial burden on homeowners, especially when compared to the national median property tax rate of 1.02%.
Ownwell offers a solution for homeowners looking to reduce their property tax bills. By providing expert property tax appeal and exemption services, Ownwell helps ensure that homeowners are not overpaying. Our team reviews your property assessment and identifies opportunities to challenge overvaluations, potentially saving you hundreds or even thousands of dollars. With Ownwell's assistance, homeowners in Bridgeport can navigate the complexities of property tax assessments with confidence, ensuring they pay only their fair share.
Property Tax Bills Across Bridgeport, Gloucester County, New Jersey
Source: Ownwell
$2,963
$6,922
$10,881
Median Bridgeport Tax Bill
$2,963
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 Bridgeport, Gloucester County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 08014 | $1,362 | $2,405 | $2,963 | $3,527 | $4,176 |
Source: Ownwell