Malaga, Gloucester County, New Jersey Property Taxes
Median Malaga, NJ effective property tax rate: 2.82%, significantly higher than the national median of 1.02%, but equal to the New Jersey state median of 2.82%.
Median Malaga, NJ home value: $201,621
Median annual Malaga, NJ tax bill: $5,681, $3,281 higher than the national median property tax bill of $2,400.
How are property taxes in Gloucester calculated?
Property taxes in Malaga, 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 Malaga’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Malaga, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Malaga, Gloucester County, New Jersey Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
2.82%
Estimate Property Tax Bill
$5,686
$5,276
Property Tax Rates Across Malaga, Gloucester County, New Jersey
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 Malaga Tax Rate
2.82%
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 Malaga, Gloucester County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 08328 | 2.82% | 2.82% | 2.82% | 2.82% | 2.82% |
Source: Ownwell
Property Tax Assessment Values Across Malaga, Gloucester County, New Jersey
When examining property taxes in Malaga, 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 Board of Taxation 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 Malaga.
For example, the median home price in Malaga is $201,621, with tax bills ranging significantly across the county. The zip code 08328 has the highest median home price at $201,621.
Property Tax Assessment Values Across Malaga, Gloucester County, New Jersey
Source: Ownwell
$118,344
$277,968
$437,591
Median Malaga Market Value
$201,621
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 Malaga, Gloucester County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 08328 | $147,448 | $170,654 | $201,621 | $241,360 | $285,912 |
Source: Ownwell
Property Tax Bills Across Malaga, Gloucester County, New Jersey
In Malaga, Gloucester County, NJ, property tax bills are calculated based on the assessed value of a home, which is determined by local tax assessors. The median home price in this area is $201,621, and the property tax rate is applied to this assessed value to determine the tax bill. Several factors, including property size, location, and improvements, influence the assessed value. Homeowners in Malaga face a median property tax bill significantly higher than the national median, with the 25th percentile tax bill at $4,809 and the 75th percentile reaching $6,801. This financial burden can be substantial for many homeowners.
Ownwell offers a solution by providing property tax appeal and exemption services, potentially reducing these high tax bills. By leveraging expert knowledge and local market insights, Ownwell helps homeowners identify discrepancies in their property assessments and guides them through the appeal process. This can result in significant savings, alleviating the financial strain of high property taxes and ensuring homeowners pay only their fair share.
Median Malaga Tax Bill
$5,681
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 Malaga, Gloucester County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 08328 | $4,155 | $4,809 | $5,681 | $6,801 | $8,056 |
Source: Ownwell