Williamstown, Gloucester County, New Jersey Property Taxes

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

Median WILLIAMSTOWN, NJ effective property tax rate: 2.85%, significantly higher than the national median of 1.02%, but lower than the NJ state median of 2.82%.
Median WILLIAMSTOWN, NJ home value: $240,962
Median annual WILLIAMSTOWN, NJ tax bill: $6,874, $4,474 higher than the national median property tax bill of $2,400.

How are property taxes in Gloucester calculated?

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

Last Updated March 1, 2025

Williamstown, Gloucester County, New Jersey Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.85%

Estimate Property Tax Bill

$6,867

$6,373

Ownwell’s Williamstown Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Williamstown with just two data points. By entering your property's estimated assessed value, our calculator applies Williamstown’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by Gloucester 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 Williamstown, Gloucester County, New Jersey

Local government entities are responsible for setting property tax rates, which can vary significantly within New Jersey. This is because each county, such as Gloucester, annually estimates the budget needed to provide essential services. This budget is then divided by the total assessed value of all taxable property within the county, resulting in the property tax rate. While votes and legislation play a role in determining these rates and budgets, this is essentially the process followed each year. In Williamstown, located in Gloucester County, the effective property tax rate is 2.85%. This rate is notably higher than the national median property tax rate of 1.02%. When comparing Williamstown's rate to the state median, it is clear that it aligns with the highest rates found in New Jersey. Understanding these rates can help property owners make informed decisions about property tax appeals and exemptions.

Property Tax Rates Across Williamstown, 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 Williamstown Tax Rate

2.85%

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 Williamstown, Gloucester County, New Jersey

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
08094	2.85%	2.85%	2.85%	2.85%	2.85%

Source: Ownwell

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

When examining property taxes in Williamstown, 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 Assessor's Office 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 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 Williamstown. For example, the median home price in Williamstown is $240,962, with tax bills ranging significantly across the county. Zip code 08094 has the highest median home price at $240,962.

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

Source: Ownwell

$118,344

$277,968

$437,591

Median Williamstown Market Value

$240,962

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 Williamstown, Gloucester County, New Jersey

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
08094	$167,155	$198,114	$240,962	$324,245	$391,872

Source: Ownwell

Property Tax Bills Across Williamstown, Gloucester County, New Jersey

In Williamstown, Gloucester County, NJ, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. The median property tax bill in this area stands at $6,874, significantly higher than the national median of $2,400. Factors influencing the tax bill include property size, location, and improvements made to the home. Homeowners in Williamstown face a substantial financial burden due to these high property taxes, which can impact their overall financial planning and homeownership costs. Ownwell assists homeowners by providing property tax appeal and exemption services, potentially reducing the assessed value and, consequently, the tax bill. By leveraging expertise in local tax regulations and market conditions, Ownwell can identify discrepancies in assessments and guide homeowners through the appeal process, ensuring they pay only their fair share.

Property Tax Bills Across Williamstown, Gloucester County, New Jersey

Source: Ownwell

$2,963

$6,922

$10,881

Median Williamstown Tax Bill

$6,874

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 Williamstown, Gloucester County, New Jersey

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
08094	$4,769	$5,649	$6,874	$9,246	$11,178

Source: Ownwell