Long Valley, Hunterdon County, New Jersey Property Taxes

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

Median LONG VALLEY, NJ effective property tax rate: 2.56%, significantly higher than the national median of 1.02%, but lower than the NJ state median of 2.82%.
Median LONG VALLEY, NJ home value: $334,700
Median annual LONG VALLEY, NJ tax bill: $8,558, $6,158 higher than the national median property tax bill of $2,400.

How are property taxes in Hunterdon calculated?

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

Last Updated March 1, 2025

Long Valley, Hunterdon County, New Jersey Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.56%

Estimate Property Tax Bill

$8,568

$7,951

Ownwell’s Long Valley Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Long Valley with just two data points. By entering your property's estimated assessed value, our calculator applies Long Valley’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your 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 Hunterdon. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Long Valley, Hunterdon County, New Jersey

Local government entities set tax rates, which can vary widely within a state. 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 votes and laws play a role in setting tax rates and budgets, this is the annual process in a nutshell.

In Long Valley, located in Hunterdon County, New Jersey, the effective property tax rate stands at 2.56%. This rate is significantly higher than the national median property tax rate of 1.02%. New Jersey is known for having some of the highest property tax rates in the nation, and Long Valley is no exception. When comparing Long Valley’s rate to other cities in New Jersey, it remains consistent with the state’s trend of high property taxes. Understanding these rates is crucial for property owners, as they directly impact annual tax bills. While the national median property tax bill is $2,400, homeowners in regions like Long Valley may find themselves paying considerably more due to the higher tax rate.

Property Tax Rates Across Long Valley, Hunterdon County, New Jersey

Source: Ownwell

2.27%

3.26%

4.25%

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 Long Valley Tax Rate

2.56%

Median Effective Hunterdon County Tax Rate

2.66%

Median Effective New Jersey Tax Rate

2.82%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Long Valley, Hunterdon County, New Jersey

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
07853	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Long Valley, Hunterdon County, New Jersey

When examining property taxes in Long Valley, 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 Hunterdon County Tax 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. This assessed value is used to calculate your property taxes, which is the amount multiplied by your tax rate to get your tax bill.

In Hunterdon 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 Long Valley. For example, the median home price in Long Valley is $334,700, with tax bills ranging significantly across the county.

Property Tax Assessment Values Across Long Valley, Hunterdon County, New Jersey

Source: Ownwell

$178,200

$369,975

$561,750

Median Long Valley Market Value

$334,700

Median Hunterdon County Market Value

$364,050

Median New Jersey Market Value

$282,900

Median United States Market Value

$235,294

Property Tax Assessment Values Across Long Valley, Hunterdon County, New Jersey

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
07853	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Long Valley, Hunterdon County, New Jersey

In Long Valley, 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 property tax rate to determine the annual tax bill. With a median home price of $334,700, homeowners in Long Valley face property tax bills that can vary significantly. For instance, those in the 25th percentile pay around $7,978 annually, while those in the 75th percentile see bills of approximately $9,231. At the 90th percentile, tax bills can reach up to $9,622. These figures are considerably higher than the national median property tax bill of $2,400, reflecting the state's above-average property tax rates. This can place a substantial financial burden on homeowners. Ownwell offers valuable assistance by helping homeowners appeal their property assessments and identify potential exemptions, potentially leading to significant savings on their property tax bills. By leveraging expert knowledge, Ownwell aims to reduce the tax burden for Long Valley residents.

Property Tax Bills Across Long Valley, Hunterdon County, New Jersey

Source: Ownwell

$4,512

$8,641

$12,769

Median Long Valley Tax Bill

$8,558

Median Hunterdon County Tax Bill

$10,015

Median New Jersey Tax Bill

$8,227

Median United States Tax Bill

$2,400

Property Tax Bills Across Long Valley, Hunterdon County, New Jersey

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
07853	N/A	N/A	N/A	N/A	N/A

Source: Ownwell