Swedesboro, Gloucester County, New Jersey Property Taxes
Median Swedesboro, NJ effective property tax rate: 2.78%, significantly higher than the national median of 1.02%, but lower than the New Jersey state median of 2.82%.
Median Swedesboro, NJ home value: $318,441
Median annual Swedesboro, NJ tax bill: $8,304, $5,904 higher than the national median property tax bill of $2,400.
How are property taxes in Gloucester County calculated?
Property taxes in Swedesboro, 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 Swedesboro’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Swedesboro, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Swedesboro, Gloucester County, New Jersey Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
2.78%
Estimate Property Tax Bill
$8,853
$8,215
Property Tax Rates Across Swedesboro, Gloucester County, New Jersey
Local government entities set property tax rates, which can vary widely within a state. This variation occurs because each county annually estimates the budget needed to provide services and divides that by the total value of all taxable property within its jurisdiction, determining the property tax rate. While votes and laws play a role in setting these rates and budgets, this is the core of the annual process.
Swedesboro in Gloucester County, NJ, provides an intriguing case study. Here, the effective property tax rate 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 within the area. Comparing Swedesboro's property tax rate to other cities in New Jersey and the national median highlights the diversity in property tax rates across different regions. Such comparisons can offer valuable insights for property owners considering tax appeal or exemption services. Understanding these rates is crucial for homeowners aiming to manage their property tax liabilities effectively.
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 Swedesboro Tax Rate
2.78%
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 Swedesboro, Gloucester County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 08085 | 1.66% | 1.66% | 2.78% | 2.78% | 3.23% |
Source: Ownwell
Property Tax Assessment Values Across Swedesboro, Gloucester County, New Jersey
When examining property taxes in Swedesboro, 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 Swedesboro.
For example, the median home price in Swedesboro is $318,441, with tax bills ranging significantly across the county. Zip code 08085 has the highest median home price at $318,441.
Property Tax Assessment Values Across Swedesboro, Gloucester County, New Jersey
Source: Ownwell
$118,344
$277,968
$437,591
Median Swedesboro Market Value
$318,441
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 Swedesboro, Gloucester County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 08085 | $196,188 | $247,716 | $318,441 | $402,732 | $476,722 |
Source: Ownwell
Property Tax Bills Across Swedesboro, Gloucester County, New Jersey
Property Tax Bills Across Swedesboro, Gloucester County, New Jersey
Source: Ownwell
$2,963
$6,922
$10,881
Median Swedesboro Tax Bill
$8,304
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 Swedesboro, Gloucester County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 08085 | $3,580 | $5,188 | $8,304 | $10,992 | $13,034 |
Source: Ownwell
