Glassboro, Gloucester County, New Jersey Property Taxes

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

Median Glassboro, NJ effective property tax rate: 2.92%, significantly higher than the national median of 1.02%, but lower than the New Jersey state median of 2.82%.
Median Glassboro, NJ home value: $226,058
Median annual Glassboro, NJ tax bill: $6,596, $4,196 higher than the national median property tax bill of $2,400.

How are property taxes in Gloucester calculated?

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

Last Updated March 1, 2025

Glassboro, Gloucester County, New Jersey Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.92%

Estimate Property Tax Bill

$6,601

$6,125

Ownwell’s Glassboro Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Glassboro with just two data points. By entering your property's estimated assessed value, our calculator applies Glassboro’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 Glassboro, Gloucester County, New Jersey

Local government entities set tax rates, which can vary widely within a state. Annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results 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.

Glassboro in Gloucester County, New Jersey, has a property tax rate that stands out compared to other cities in the state. The effective tax rate in Glassboro is significantly higher than the national median of 1.02%. This higher rate reflects the local government's budgetary needs and the value of taxable properties in the area. It's important for homeowners in Glassboro to be aware of this when considering their annual property tax bills, which can be substantially higher than the national median bill of $2400. Understanding these rates can help property owners make informed decisions and potentially seek property tax appeal services if they believe their assessed value is inaccurately high.

Property Tax Rates Across Glassboro, 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 Glassboro Tax Rate

2.92%

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 Glassboro, Gloucester County, New Jersey

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
08028	2.90%	2.92%	2.92%	2.92%	2.92%

Source: Ownwell

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

When examining property taxes in Glassboro, 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 Glassboro.

For example, the median home price in Glassboro is $226,058, with tax bills ranging significantly across the county. Zip code 08028 has the highest median home price at $226,058.

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

Source: Ownwell

$118,344

$277,968

$437,591

Median Glassboro Market Value

$226,058

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 Glassboro, Gloucester County, New Jersey

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
08028	$154,920	$185,790	$226,058	$274,722	$317,873

Source: Ownwell

Property Tax Bills Across Glassboro, Gloucester County, New Jersey

In Glassboro, NJ, property tax bills are determined based on the assessed value of a home, which is a percentage of its market value. The tax rate is applied to this assessed value to calculate the annual tax bill. Homeowners in Glassboro face a median property tax bill of $6,596, significantly higher than the national median of $2,400. This substantial difference is due to the local tax rate and the assessed values of homes in the area. The tax bill can vary widely, with the 25th percentile paying around $5,426 and the 90th percentile reaching up to $9,237. Such high property taxes can be a financial burden for homeowners. Ownwell can assist homeowners in Glassboro by reviewing their property assessments and identifying opportunities for appeals or exemptions, potentially reducing their tax bills. By leveraging expert knowledge and experience, Ownwell helps homeowners navigate the complex property tax system, ensuring they pay only their fair share.

Property Tax Bills Across Glassboro, Gloucester County, New Jersey

Source: Ownwell

$2,963

$6,922

$10,881

Median Glassboro Tax Bill

$6,596

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 Glassboro, Gloucester County, New Jersey

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
08028	$4,532	$5,426	$6,596	$8,020	$9,237

Source: Ownwell