Califon, Morris County, New Jersey Property Taxes
Median Califon, NJ effective property tax rate: 2.68%, significantly higher than the national median of 1.02%, but lower than the New Jersey state median of 2.82%.
Median Califon, NJ home value: $453,300
Median annual Califon, NJ tax bill: $12,082, $9,682 higher than the national median property tax bill of $2,400.
How are property taxes in Morris County calculated?
Property taxes in Califon, 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 Califon’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Califon, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Califon, Morris County, New Jersey Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
2.84%
Estimate Property Tax Bill
$12,885
$11,957
Property Tax Rates Across Califon, Morris County, New Jersey
Local government entities determine tax rates, leading to significant variations within a state. Each year, counties estimate their required budget for services and divide this by the total value of all taxable property in their area. This calculation determines the property tax rate. While laws and votes play roles in setting these rates and budgets, this is essentially the annual process.
In Califon, located in Morris County, New Jersey, the effective property tax rate stands at 2.68%. This rate is notably higher than the national median property tax rate of 1.02%. When comparing Califon's rate to the rest of New Jersey, it matches the highest median tax rate within the state, which also stands at 2.68%. This uniformity in the tax rate across the city and county highlights the consistency in how property taxes are assessed locally. For property owners in Califon, understanding these rates is crucial for financial planning and assessing the value of property tax appeal and exemption services.
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 Califon Tax Rate
2.84%
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 Morris County Tax Rate
2.60%
Median Effective New Jersey Tax Rate
2.88%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Califon, Morris County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 07830 | 2.84% | 2.84% | 2.84% | 2.84% | 2.84% |
Source: Ownwell
Property Tax Assessment Values Across Califon, Morris County, New Jersey
When examining property taxes in Califon, 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 Morris 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 Morris County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. 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 Califon. For example, the median home price in Califon is $453,300, with tax bills ranging significantly across the county. 07830 has the highest median home price at $453,300.
Property Tax Assessment Values Across Califon, Morris County, New Jersey
Source: Ownwell
$222,300
$851,800
$1,481,300
Median Califon Market Value
$453,700
Median Morris County Market Value
$411,600
Median New Jersey Market Value
$288,200
Median United States Market Value
$235,294
Property Tax Assessment Values Across Califon, Morris County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 07830 | $320,600 | $373,950 | $453,700 | $540,750 | $720,520 |
Source: Ownwell
Property Tax Bills Across Califon, Morris County, New Jersey
Median Califon Tax Bill
$12,796
Median Morris County Tax Bill
$10,340
Median New Jersey Tax Bill
$8,638
Median United States Tax Bill
$2,400
Property Tax Bills Across Califon, Morris County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 07830 | $9,091 | $10,597 | $12,796 | $15,158 | $19,807 |
Source: Ownwell