Woodstown, Gloucester County, New Jersey Property Taxes
Median Woodstown, NJ effective property tax rate: 2.27%, significantly higher than the national median of 1.02%, but lower than the New Jersey state median of 2.82%.
Median Woodstown, NJ home value: $473,747
Median annual Woodstown, NJ tax bill: $10,770, $8,370 higher than the national median property tax bill of $2,400.
How are property taxes in Gloucester calculated?
Property taxes in Woodstown, 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 Woodstown’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Woodstown, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Woodstown, Gloucester County, New Jersey Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
2.27%
Estimate Property Tax Bill
$10,754
$9,979
Property Tax Rates Across Woodstown, Gloucester County, New Jersey
Local government entities set tax rates, which can vary significantly within a state. Annually, each county estimates its required budget to provide essential services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While votes and laws play a role in setting tax rates and budgets, this is the annual process in a nutshell.
For instance, Woodstown in Gloucester County, NJ, has an effective property tax rate that reflects the local budgeting needs and property values. Compared to other cities in New Jersey, Woodstown's rate offers insight into how local government funding requirements impact property owners. New Jersey's median property tax rate is notably higher than the national median of 1.02%, which can result in property tax bills that exceed the national median of $2,400. Understanding these rates is crucial for property owners in Woodstown, as it influences their annual financial planning and potential savings through appeals or exemptions.
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 Woodstown Tax Rate
2.27%
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 Woodstown, Gloucester County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 08098 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across Woodstown, Gloucester County, New Jersey
When examining property taxes in Woodstown, 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 Tax Assessor 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 Woodstown. For example, the median home price in Woodstown is $473,747, with tax bills ranging significantly across the county.
Property Tax Assessment Values Across Woodstown, Gloucester County, New Jersey
Source: Ownwell
$118,344
$277,968
$437,591
Median Woodstown Market Value
$473,747
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 Woodstown, Gloucester County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 08098 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Woodstown, Gloucester County, New Jersey
In Woodstown, 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 tax bill. In Gloucester County, where Woodstown is located, property tax bills can vary widely. For example, homeowners in the 25th percentile pay around $6,730, while those in the 75th percentile face bills as high as $11,961. This range illustrates how property taxes can significantly impact homeowners, particularly when compared to the national median property tax bill of $2,400.
Factors such as property size, location, and improvements can affect the assessed value and, consequently, the tax bill. Homeowners may find these costs burdensome, but Ownwell offers a solution. By providing property tax appeal and exemption services, Ownwell helps homeowners potentially lower their tax bills. With expertise in navigating local tax laws, Ownwell can identify opportunities for savings, offering homeowners in Woodstown a chance to reduce their financial burden and keep more money in their pockets.
Property Tax Bills Across Woodstown, Gloucester County, New Jersey
Source: Ownwell
$2,963
$6,922
$10,881
Median Woodstown Tax Bill
$10,770
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 Woodstown, Gloucester County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 08098 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell