Deptford, Gloucester County, New Jersey Property Taxes
Median Deptford, NJ effective property tax rate: 2.84%, significantly higher than the national median of 1.02%, but slightly higher than the NJ state median of 2.82%.
Median Deptford, NJ home value: $177,650
Median annual Deptford, NJ tax bill: $5,316, $2,916 higher than the national median property tax bill of $2,400.
How are property taxes in Gloucester calculated?
Property taxes in Deptford, 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 Deptford’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Deptford, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Deptford, Gloucester County, New Jersey Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
2.84%
Estimate Property Tax Bill
$5,045
$4,682
Property Tax Rates Across Deptford, Gloucester County, New Jersey
Local government entities set tax rates, which can vary widely within a state. 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 there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.
Deptford in Gloucester County, New Jersey, has an effective property tax rate of 2.84%, which stands out in comparison to other cities in the state and the national median. This rate is notably higher than the national median property tax rate of 1.02%. Consequently, property owners in Deptford face a higher tax burden compared to the average U.S. homeowner. This higher rate reflects the county's budgeting needs and the total assessed property values within its jurisdiction.
Understanding these rates is crucial for property owners seeking to manage their tax liabilities effectively. By appealing property tax assessments, homeowners may potentially lower their tax bills, aligning them more closely with their property's market value.
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 Deptford Tax Rate
2.84%
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 Deptford, Gloucester County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 08096 | 2.84% | 2.84% | 2.84% | 2.84% | 3.87% |
Source: Ownwell
Property Tax Assessment Values Across Deptford, Gloucester County, New Jersey
When examining property taxes in Deptford, 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 Deptford.
For example, the median home price in Deptford is $177,650, with tax bills ranging significantly across the county. 08096 has the highest median home price at $177,650.
Property Tax Assessment Values Across Deptford, Gloucester County, New Jersey
Source: Ownwell
$118,344
$277,968
$437,591
Median Deptford Market Value
$177,650
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 Deptford, Gloucester County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 08096 | $35,079 | $116,602 | $177,650 | $232,683 | $283,928 |
Source: Ownwell
Property Tax Bills Across Deptford, Gloucester County, New Jersey
In Deptford, Gloucester County, NJ, property tax bills are calculated based on the assessed value of a home, which is determined by local tax assessors. This value is then multiplied by the local tax rate to determine the annual tax bill. Homeowners in Deptford face a median property tax bill of $5,316, significantly higher than the national median of $2,400. Factors such as property size, location, and market conditions can influence the assessed value, impacting the overall tax bill. For homeowners, this can mean higher expenses, especially for those with properties in the higher percentile brackets, where tax bills can reach up to $8,376.
Ownwell offers a solution by providing property tax appeal and exemption services that help homeowners potentially lower their tax assessments. By leveraging local expertise and data-driven insights, Ownwell ensures that homeowners are not overpaying on their property taxes. This service can lead to substantial savings, making homeownership more affordable in the long run.
Median Deptford Tax Bill
$5,316
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 Deptford, Gloucester County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 08096 | $1,153 | $3,501 | $5,316 | $6,928 | $8,376 |
Source: Ownwell