Titusville, Hunterdon County, New Jersey Property Taxes

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

Median Titusville, NJ effective property tax rate: 2.09%, significantly higher than the national median of 1.02%, but lower than the New Jersey state median of 2.82%.
Median Titusville, NJ home value: $974,900
Median annual Titusville, NJ tax bill: $20,356, $17,956 higher than the national median property tax bill of $2,400.

How are property taxes in Hunterdon calculated?

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

Last Updated March 1, 2025

Titusville, Hunterdon County, New Jersey Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.09%

Estimate Property Tax Bill

$20,375

$18,908

Ownwell’s Titusville Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Titusville with just two data points. By entering your property's estimated assessed value, our calculator applies Titusville’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 Titusville, 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 there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.

Titusville in Hunterdon County, New Jersey, stands out with its effective property tax rate. With a median property tax rate of 2.09%, New Jersey's rates are significantly higher than the national median of 1.02%. This makes owning property in New Jersey a costly affair compared to other states. The median property tax bill in the state is also considerably higher than the national median of $2,400. Such high rates can impact housing affordability and influence decisions about buying or selling property in the area. For homeowners in Titusville, understanding these rates and how they compare to other regions in New Jersey and across the U.S. is crucial. By doing so, they can better navigate the complexities of property ownership and tax obligations.

Property Tax Rates Across Titusville, 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 Titusville Tax Rate

2.09%

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 Titusville, Hunterdon County, New Jersey

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
08560	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

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

When examining property taxes in Titusville, 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.

Assessment notices:

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 Titusville. For example, the median home price in Titusville is $974,900, with tax bills ranging significantly across the county.

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

Source: Ownwell

$178,200

$369,975

$561,750

Median Titusville Market Value

$974,900

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 Titusville, Hunterdon County, New Jersey

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
08560	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Titusville, Hunterdon County, New Jersey

In Titusville, located in Hunterdon County, NJ, property tax bills are calculated based on the property's assessed value and the local tax rate. The assessed value is a percentage of the market value of a home, which in Titusville is influenced by factors such as location, size, and amenities. The property tax rate in this area is higher than the national median of 1.02%, leading to significant tax bills for homeowners. For instance, the 25th percentile tax bill in Titusville is $16,534, while the 75th percentile reaches $20,764, indicating a substantial financial burden compared to the national median property tax bill of $2,400. Homeowners in Titusville can benefit from appealing their property tax assessments to potentially reduce their tax bills. Ownwell specializes in this process, providing expert assistance to ensure homeowners are not overpaying. By analyzing individual property assessments and market conditions, Ownwell helps clients identify discrepancies and file successful appeals, ultimately leading to significant savings on their property tax bills.

Property Tax Bills Across Titusville, Hunterdon County, New Jersey

Source: Ownwell

$4,512

$8,641

$12,769

Median Titusville Tax Bill

$20,356

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 Titusville, Hunterdon County, New Jersey

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
08560	N/A	N/A	N/A	N/A	N/A

Source: Ownwell