Colonia, Middlesex County, New Jersey Property Taxes
Median Colonia, NJ effective property tax rate: 11.53%, significantly higher than the national median of 1.02%, but lower than the NJ state median of 2.82%.
Median Colonia, NJ home value: $86,100
Median annual Colonia, NJ tax bill: $9,651, $7,251 higher than the national median property tax bill of $2,400.
How are property taxes in Middlesex calculated?
Property taxes in Colonia, 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 Colonia’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Colonia, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Colonia, Middlesex County, New Jersey Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
11.53%
Estimate Property Tax Bill
$9,927
$9,212
Ownwell’s Colonia Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Colonia with just two data points. By entering your property's estimated assessed value, our calculator applies Colonia’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 Middlesex County. For those interested in more localized information, please scroll down to explore city-level trends!
Property Tax Rates Across Colonia, Middlesex County, New Jersey
Local government entities in New Jersey set property tax rates, which can differ significantly across the state. This variation is due to the annual budget estimation process each county undertakes. They determine the necessary budget to maintain services and divide this by the total assessed value of all taxable properties within their jurisdiction, resulting in the property tax rate. While votes and legislative measures play a role in setting these rates and budgets, this is essentially how the process unfolds each year.
In Colonia, located in Middlesex County, the effective property tax rate is notably high compared to other cities in New Jersey and even surpasses the national median property tax rate of 1.02%. The median property tax rate in Colonia is 11.53%, which is significantly above the national average. This makes Colonia's property tax rate one of the highest in the state, reflecting the region's approach to funding local services. By comparing Colonia's rates to both state and national figures, property owners can gain a clearer understanding of their tax obligations and the local government's fiscal strategy.
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 Colonia Tax Rate
11.53%
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 Middlesex County Tax Rate
5.10%
Median Effective New Jersey Tax Rate
2.82%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Colonia, Middlesex County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 07067 | 10.24% | 11.21% | 11.53% | 11.54% | 11.54% |
Source: Ownwell
Property Tax Assessment Values Across Colonia, Middlesex County, New Jersey
When examining property taxes in Colonia, 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 Middlesex 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 Middlesex 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 Colonia. For example, the median home price in Colonia is $86,100, with tax bills ranging significantly across the county. Zip code 07067 has the highest median home price at $86,100.
Property Tax Assessment Values Across Colonia, Middlesex County, New Jersey
Source: Ownwell
$66,600
$322,300
$578,000
Median Colonia Market Value
$86,100
Median Middlesex County Market Value
$158,000
Median New Jersey Market Value
$282,900
Median United States Market Value
$235,294
Property Tax Assessment Values Across Colonia, Middlesex County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 07067 | $70,900 | $77,500 | $86,100 | $103,900 | $137,100 |
Source: Ownwell
Property Tax Bills Across Colonia, Middlesex County, New Jersey
In Colonia, Middlesex 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 calculate the annual property tax bill. In Colonia, the median property tax bill stands at $9,651, significantly higher than the national median of $2,400. Factors such as property location, home improvements, and market conditions can influence the assessed value, thereby affecting the tax bill. Homeowners in Colonia face tax bills ranging from $8,549 at the 25th percentile to $15,460 at the 90th percentile, indicating a broad spectrum of tax obligations.
Ownwell assists homeowners by providing expert property tax appeal and exemption services. By analyzing the assessed value and comparing it to current market conditions, Ownwell identifies opportunities for tax reductions. This can lead to substantial savings, ensuring homeowners in Colonia only pay their fair share. With Ownwell's expertise, navigating the complexities of property tax assessments becomes more manageable, potentially lowering the financial burden on homeowners.
Median Colonia Tax Bill
$9,651
Median Middlesex County Tax Bill
$7,840
Median New Jersey Tax Bill
$8,227
Median United States Tax Bill
$2,400
Property Tax Bills Across Colonia, Middlesex County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 07067 | $7,457 | $8,549 | $9,651 | $11,694 | $15,460 |
Source: Ownwell