Laurence Harbor, Middlesex County, New Jersey Property Taxes
- Median Laurence Harbor, NJ effective property tax rate: 5.35%, significantly higher than the national median of 1.02%, but lower than the NJ state median of 2.82%.
- Median Laurence Harbor, NJ home value: $105,800
- Median annual Laurence Harbor, NJ tax bill: $5,445, $3,045 higher than the national median property tax bill of $2,400.
How are property taxes in Middlesex calculated?
Property taxes in Laurence Harbor, 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 Laurence Harbor’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Laurence Harbor, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Laurence Harbor, Middlesex County, New Jersey Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
5.35%
Estimate Property Tax Bill
$5,660
$5,253
Ownwell’s Laurence Harbor Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Laurence Harbor with just two data points.
By entering your property's estimated assessed value, our calculator applies Laurence Harbor’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 Laurence Harbor, Middlesex County, New Jersey
Local government entities determine tax rates, which can vary significantly within a state. This variation arises because each county annually estimates the budget needed to provide services and divides that by the total value of all taxable property within its area, resulting in the property tax rate. While votes and laws play a role in setting these rates and budgets, this is the basic annual process.
Laurence Harbor in Middlesex County, NJ, stands out with its effective property tax rate significantly above the national median of 1.02%. When compared to other cities in New Jersey, Laurence Harbor maintains a notable position due to its high property tax rate. This rate reflects the community's commitment to funding essential services through local taxation. By understanding how these rates are calculated, property owners can better navigate their tax responsibilities and explore potential avenues for appeals or exemptions. As Laurence Harbor's property tax rate is among the highest in the region, residents may benefit from consulting with property tax professionals to ensure they are not overpaying and are taking advantage of any available exemptions.
Property Tax Rates Across Laurence Harbor, Middlesex County, New Jersey
Source: Ownwell
1.78%
7.20%
12.62%
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 Laurence Harbor Tax Rate
5.35%
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 Laurence Harbor, Middlesex County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 08879 | 4.83% | 5.29% | 5.35% | 5.35% | 5.35% |
Source: Ownwell
Property Tax Assessment Values Across Laurence Harbor, Middlesex County, New Jersey
When examining property taxes in Laurence Harbor, 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 Laurence Harbor. For example, the median home price in Laurence Harbor is $105,800, with tax bills ranging significantly across the county. Zip code 08879 has the highest median home price at $105,800.
Property Tax Assessment Values Across Laurence Harbor, Middlesex County, New Jersey
Source: Ownwell
$66,600
$322,300
$578,000
Median Laurence Harbor Market Value
$105,800
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 Laurence Harbor, Middlesex County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 08879 | $68,950 | $81,100 | $105,800 | $125,250 | $132,650 |
Source: Ownwell
Property Tax Bills Across Laurence Harbor, Middlesex County, New Jersey
In Laurence Harbor, NJ, property tax bills are calculated based on the assessed value of a home and the local tax rate. With a median home price of $105,800, homeowners see property tax bills that significantly exceed the national median of $2,400. In Middlesex County, where Laurence Harbor is located, the median tax bill is $5,445, reflecting a higher tax burden compared to the national average. Factors influencing these tax bills include the property's assessed value, local tax rates, and any applicable exemptions or deductions. For homeowners, this means a considerable financial commitment, which can impact their overall cost of living.
Ownwell offers valuable assistance to homeowners in Laurence Harbor by helping them navigate the property tax appeal process. By analyzing property assessments and identifying discrepancies or opportunities for exemptions, Ownwell can potentially reduce tax bills, providing significant savings. This service not only alleviates financial strain but also ensures homeowners are not overpaying on their property taxes, allowing them to better manage their household budgets.
Property Tax Bills Across Laurence Harbor, Middlesex County, New Jersey
Source: Ownwell
$4,686
$8,118
$11,549
Median Laurence Harbor Tax Bill
$5,445
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 Laurence Harbor, Middlesex County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 08879 | $3,603 | $4,229 | $5,445 | $6,430 | $7,091 |
Source: Ownwell