Thorofare, Gloucester County, New Jersey Property Taxes
Property Taxes in Thorofare, New Jersey
Median Thorofare, New Jersey effective property tax rate: 3.45%, significantly higher than the national median of 1.02%, and higher than the New Jersey state median of 2.88%.
Median Thorofare, New Jersey home value: $157,200
Median annual Thorofare, New Jersey tax bill: $5,419, $3,019 higher than the national median property tax bill of $2,400.
How are property taxes in Gloucester calculated?
Property taxes in Thorofare, New Jersey 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 Thorofare's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Thorofare, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Thorofare, Gloucester County, New Jersey Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
3.45%
Estimate Property Tax Bill
$5,423
$5,033
How Does the Thorofare Property Tax Calculator Work?
Use this Thorofare property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Thorofare's median effective property tax rate of 3.45% — based on actual property records in Gloucester County — to generate your estimate.
Enter your property's estimated assessed value — the figure the local assessment system uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Thorofare's median effective rate across all local levies, providing a more accurate estimate than applying a single county millage rate.
Your bill may vary by ZIP code within Thorofare: rates range from local differences in school district levies and assessment districts.
For a more precise estimate, scroll down to explore ZIP code-level tax rate trends across Thorofare.
About Thorofare Property Taxes
About Property Taxes in Thorofare, Gloucester, New Jersey
Thorofare’s median effective property tax rate of 3.45% is higher than the New Jersey state median of 2.88% and higher than the national median of 1.02%. This rate reflects the Gloucester County base levy combined with local school district levies and special assessment districts that vary by subdivision throughout the city.
Property tax rates are not uniform across Thorofare. Homeowners in the highest ZIP code carry a median effective rate of 3.45%, while those in the lowest pay 3.45%. This spread — 0 percentage points across the same city — reflects how school district boundaries and local assessment districts are drawn across Gloucester County. Understanding which part of Thorofare you live in can make a meaningful difference to your annual tax bill.
Thorofare homeowners who believe their assessed value is too high can file a formal appeal with the local Tax Assessor before April 1, 2026.
If your estimated bill above seems higher than expected, Ownwell can review your assessment and protest on your behalf. You only pay if we save you money.
Property Tax Rates Across Thorofare, Gloucester County, New Jersey
As noted earlier, local government entities set tax rates, which can vary widely within a state.
Why? Because 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.
Below, you can compare Thorofare's effective property tax rate to other cities in New Jersey and the median property tax rates in New Jersey and the U.S.
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 Thorofare Tax Rate
3.45%
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
3.50%
Median Effective New Jersey Tax Rate
2.88%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Thorofare, Gloucester County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 08086 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across Thorofare, Gloucester County, New Jersey
When examining property taxes in Thorofare, New Jersey, 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. Gloucester County 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.
Assessment notices:
In Gloucester County, assessment notices are sent in the spring each year. They'll typically reach your mailbox by the middle of November.
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 Thorofare.
For example, the median home price in Thorofare is $157,200, with tax bills ranging significantly across the county.
Property Tax Assessment Values Across Thorofare, Gloucester County, New Jersey
Source: Ownwell
$104,000
$229,550
$355,100
Median Thorofare Market Value
$157,200
Median Gloucester County Market Value
$209,300
Median New Jersey Market Value
$288,200
Median United States Market Value
$235,294
Property Tax Assessment Values Across Thorofare, Gloucester County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 08086 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Thorofare, Gloucester County, New Jersey
How Are Property Tax Bills Calculated in Thorofare?
Property tax bills in Thorofare are based on the assessed value of a home, not its market value alone. Local taxing authorities apply the property tax rate to that assessed value to determine the annual bill, and the amount can change when assessments are updated or tax rates shift.
Several factors affect what homeowners pay, including the home’s assessed value, local levies, and any exemptions that may reduce the taxable amount. With a median home price of $157,200, property taxes can still vary widely from one homeowner to another depending on how a property is assessed.
In Gloucester County, the 25th percentile property tax bill is $1,420, while the 75th percentile is $8,700 and the 90th percentile is $8,849. Compared with the national median property tax rate of 1.02% and the national median property tax bill of $2,400, Thorofare homeowners may see bills that are lower or much higher depending on their specific assessment.
Property Tax Bills Across Thorofare, Gloucester County, New Jersey
Source: Ownwell
$3,009
$6,961
$10,912
Median Thorofare Tax Bill
$5,419
Median Gloucester County Tax Bill
$7,097
Median New Jersey Tax Bill
$8,638
Median United States Tax Bill
$2,400
Property Tax Bills Across Thorofare, Gloucester County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 08086 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | January 15 |
Links | |
|---|---|
| Gloucester Tax Assessor | |
| Website | www.gloucestercountynj.gov |