Somerville, Hunterdon County, New Jersey Property Taxes

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

Median Somerville, NJ effective property tax rate: 2.53%, significantly higher than the national median of 1.02%, but lower than the New Jersey state median of 2.82%.
Median Somerville, NJ home value: $442,300
Median annual Somerville, NJ tax bill: $11,199, $8,799 higher than the national median property tax bill of $2,400.

How are property taxes in Hunterdon calculated?

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

Last Updated March 1, 2025

Somerville, Hunterdon County, New Jersey Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.53%

Estimate Property Tax Bill

$11,190

$10,384

Ownwell’s Somerville Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Somerville with just two data points. By entering your property's estimated assessed value, our calculator applies Somerville’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 County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Somerville, Hunterdon County, New Jersey

Local government entities in Somerville, NJ, set tax rates, which can vary widely within the state. Each year, Hunterdon County estimates its required budget to provide essential services and divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. While votes and laws play a role in setting these rates and budgets, this is the annual process in a nutshell. Somerville's effective property tax rate stands at 2.53%, significantly higher than the national median property tax rate of 1.02%. When compared to other cities in New Jersey, Somerville's rate is at the higher end of the spectrum. The median property tax bill in Somerville reflects this higher rate, surpassing the national median of $2,400. This highlights the importance of understanding local property tax dynamics and exploring potential avenues for appealing or reducing assessed values to manage tax liabilities effectively.

Property Tax Rates Across Somerville, 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 Somerville Tax Rate

2.53%

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 Somerville, Hunterdon County, New Jersey

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
08876	2.53%	2.53%	2.53%	2.53%	2.53%

Source: Ownwell

Property Tax Assessment Values Across Somerville, Hunterdon County, New Jersey

When examining property taxes in Somerville, 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 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 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 Somerville. For example, the median home price in Somerville is $442,300, with tax bills ranging significantly across the county. Zip code 08876 has the highest median home price at $442,300.

Property Tax Assessment Values Across Somerville, Hunterdon County, New Jersey

Source: Ownwell

$178,200

$369,975

$561,750

Median Somerville Market Value

$442,300

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 Somerville, Hunterdon County, New Jersey

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
08876	$271,040	$331,400	$442,300	$497,450	$850,700

Source: Ownwell

Property Tax Bills Across Somerville, Hunterdon County, New Jersey

In Somerville, NJ, property tax bills are calculated based on the assessed value of a home, which is determined by local tax assessors. The tax rate is applied to this assessed value to calculate the annual tax bill. With a median home price of $442,300, Somerville residents often face higher property tax bills compared to the national median, with the median tax bill reaching $11,199. This is significantly above the national median property tax bill of $2,400. Factors influencing the tax bill include the property's market value, local tax rates, and any applicable exemptions. High property taxes can be a financial burden on homeowners, impacting their overall financial planning and home affordability. Ownwell assists homeowners by identifying potential areas for tax savings, such as appealing assessed values or securing exemptions. By leveraging expert knowledge and a deep understanding of local tax laws, Ownwell can help reduce property tax bills, ensuring homeowners in Somerville pay only what is necessary and potentially saving them thousands annually.

Property Tax Bills Across Somerville, Hunterdon County, New Jersey

Source: Ownwell

$4,512

$8,641

$12,769

Median Somerville Tax Bill

$11,199

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 Somerville, Hunterdon County, New Jersey

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
08876	$6,863	$8,391	$11,199	$12,595	$21,540

Source: Ownwell