Mullica Hill, Gloucester County, New Jersey Property Taxes
Median Mullica Hill, NJ effective property tax rate: 2.57%, significantly higher than the national median of 1.02%, but lower than the NJ state median of 2.82%.
Median Mullica Hill, NJ home value: $417,674
Median annual Mullica Hill, NJ tax bill: $10,502, $8,102 higher than the national median property tax bill of $2,400.
How are property taxes in Gloucester calculated?
Property taxes in Mullica Hill, 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 Mullica Hill’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Mullica Hill, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Mullica Hill, Gloucester County, New Jersey Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
2.57%
Estimate Property Tax Bill
$10,734
$9,961
Property Tax Rates Across Mullica Hill, Gloucester County, New Jersey
Local government entities in New Jersey set tax rates, which can vary widely within the state. Each year, counties like Gloucester estimate their required budget to provide essential services and divide that by the total value of all taxable properties within their jurisdiction. This process determines the property tax rate. Although votes and laws play a role in setting these rates and budgets, this annual calculation is the core of the process.
In Mullica Hill, located in Gloucester County, the effective property tax rate is significantly higher than the national median of 1.02%. This is reflective of New Jersey's overall higher property tax rates compared to much of the country. When comparing Mullica Hill’s effective property tax rate to other cities in New Jersey, it aligns with the state's median, which is among the highest in the nation. Understanding these rates is crucial for property owners who wish to manage their expenses effectively. By appealing property taxes or seeking exemptions, residents can potentially reduce their financial burden, making it essential to stay informed and proactive in managing property-related costs.
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 Mullica Hill Tax Rate
2.57%
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 Mullica Hill, Gloucester County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 08062 | 2.27% | 2.57% | 2.57% | 2.57% | 2.57% |
Source: Ownwell
Property Tax Assessment Values Across Mullica Hill, Gloucester County, New Jersey
When examining property taxes in Mullica Hill, 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 Mullica Hill.
For example, the median home price in Mullica Hill is $417,674, with tax bills ranging significantly across the county. Zip code 08062 has the highest median home price at $417,674.
Property Tax Assessment Values Across Mullica Hill, Gloucester County, New Jersey
Source: Ownwell
$118,344
$277,968
$437,591
Median Mullica Hill Market Value
$417,674
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 Mullica Hill, Gloucester County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 08062 | $228,600 | $302,115 | $417,674 | $540,609 | $657,855 |
Source: Ownwell
Property Tax Bills Across Mullica Hill, Gloucester County, New Jersey
In Mullica Hill, NJ, property tax bills are determined by assessing the property's value and applying the local tax rate. The assessed value is a percentage of the market value, and in Gloucester County, the tax rate is significantly higher than the national median of 1.02%. Homeowners in Mullica Hill face a median property tax bill of $10,502, which is more than four times the national median of $2,400. Factors influencing the tax bill include property size, location, and improvements. This substantial tax burden can impact homeowners by reducing disposable income and affecting budgetary planning.
Ownwell can assist homeowners in Mullica Hill by appealing their property tax assessments. Our experts analyze assessment records and identify potential discrepancies or overvaluations. By filing a well-supported appeal, we can help reduce the assessed value, leading to lower tax bills. With our services, homeowners can potentially save thousands of dollars, easing the financial strain and ensuring they are not overpaying on property taxes.
Property Tax Bills Across Mullica Hill, Gloucester County, New Jersey
Source: Ownwell
$2,963
$6,922
$10,881
Median Mullica Hill Tax Bill
$10,502
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 Mullica Hill, Gloucester County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 08062 | $5,831 | $7,575 | $10,502 | $13,624 | $16,689 |
Source: Ownwell