Clarksboro, Gloucester County, New Jersey Property Taxes
Median Clarksboro, NJ effective property tax rate: 2.49%, significantly higher than the national median of 1.02%, but lower than the New Jersey state median of 2.82%.
Median Clarksboro, NJ home value: $314,136
Median annual Clarksboro, NJ tax bill: $7,835, $5,435 higher than the national median property tax bill of $2,400.
How are property taxes in Gloucester calculated?
Property taxes in Clarksboro, 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 Clarksboro’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Clarksboro, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Clarksboro, Gloucester County, New Jersey Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
2.49%
Estimate Property Tax Bill
$7,822
$7,259
Ownwell’s Clarksboro Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Clarksboro with just two data points. By entering your property's estimated assessed value, our calculator applies Clarksboro’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. With Clarksboro’s median property tax bill significantly above the national median, understanding your tax obligations is crucial. Our calculator not only provides clarity but also offers a pathway to potential savings.
For those interested in more localized information, please scroll down to explore city-level trends!
Property Tax Rates Across Clarksboro, Gloucester County, New Jersey
Local government entities determine tax rates, which can vary significantly within a state. Each year, counties estimate the budget needed to provide essential services and divide it by the total value of all taxable properties within their jurisdiction. This calculation results in the property tax rate. Though votes and laws play a role in setting tax rates and budgets, this is the basic annual process.
In Clarksboro, located in Gloucester County, NJ, the effective property tax rate is notably higher than the national median property tax rate of 1.02%. With a median property tax rate of 2.49%, Clarksboro stands out as having one of the highest rates in the state. This is significantly above the national median property tax bill of $2,400, reflecting the higher assessed values and tax rates in this region. Understanding these figures can be crucial for property owners looking to manage their tax liabilities effectively. Comparing Clarksboro's rates to other cities in New Jersey and the national average highlights the importance of being informed about local property tax dynamics.
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 Clarksboro Tax Rate
2.49%
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 Clarksboro, Gloucester County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 08020 | 2.49% | 2.49% | 2.49% | 2.49% | 2.49% |
Source: Ownwell
Property Tax Assessment Values Across Clarksboro, Gloucester County, New Jersey
When examining property taxes in Clarksboro, 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 Clarksboro. For example, the median home price in Clarksboro is $314,136, with tax bills ranging significantly across the county. Zip code 08020 has the highest median home price at $314,136.
Property Tax Assessment Values Across Clarksboro, Gloucester County, New Jersey
Source: Ownwell
$118,344
$277,968
$437,591
Median Clarksboro Market Value
$314,136
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 Clarksboro, Gloucester County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 08020 | $199,926 | $263,858 | $314,136 | $369,629 | $461,629 |
Source: Ownwell
Property Tax Bills Across Clarksboro, Gloucester County, New Jersey
In Clarksboro, Gloucester County, NJ, property tax bills are determined by assessing the market value of a home and applying the local tax rate. Homeowners in this area experience a median property tax bill of $7,835, significantly higher than the national median of $2,400. The tax bill can range from $6,578 at the 25th percentile to $11,509 at the 90th percentile, reflecting the variations in property values and tax rates within the region. Factors such as property size, location, and improvements can influence the assessed value, impacting the final tax bill. High property taxes can be a significant burden for homeowners, affecting affordability and financial planning.
Ownwell offers a solution by providing property tax appeal and exemption services. By leveraging expert knowledge, Ownwell helps homeowners identify potential reductions in their assessed values, ensuring they only pay their fair share. This can lead to substantial savings, making property ownership more affordable and manageable. Homeowners can benefit from Ownwell's services by potentially lowering their tax bills, alleviating financial strain, and enhancing long-term property investment returns.
Property Tax Bills Across Clarksboro, Gloucester County, New Jersey
Source: Ownwell
$2,963
$6,922
$10,881
Median Clarksboro Tax Bill
$7,835
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 Clarksboro, Gloucester County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 08020 | $4,985 | $6,578 | $7,835 | $9,216 | $11,509 |
Source: Ownwell