Barnegat Light, Ocean County, New Jersey Property Taxes
Median Barnegat Light, NJ effective property tax rate: 0.83%, significantly lower than the national median of 1.02%, but lower than the New Jersey state median of 2.82%.
Median Barnegat Light, NJ home value: $718,500
Median annual Barnegat Light, NJ tax bill: $5,946, $3,546 higher than the national median property tax bill of $2,400.
How are property taxes in Ocean County calculated?
Property taxes in Barnegat Light, 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 Barnegat Light’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Barnegat Light, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Barnegat Light, Ocean County, New Jersey Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.83%
Estimate Property Tax Bill
$5,964
$5,534
Property Tax Rates Across Barnegat Light, Ocean County, New Jersey
Local government entities set tax rates, which can vary widely within a state. Why? Because 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.
Below, you can compare Barnegat Light’s effective property tax rate to other cities in New Jersey and the median property tax rates in New Jersey and the U.S. Barnegat Light in Ocean County boasts a property tax rate that stands out when compared to state and national figures. With a rate of 0.83%, it is not only the highest but also the lowest in its zip code, making it unique. This rate is significantly lower than the national median property tax rate of 1.02%. Homeowners in Barnegat Light benefit from a tax rate that is more favorable than many other regions across the nation. This can result in substantial savings, especially when compared to the national median property tax bill of $2400.
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 Barnegat Light Tax Rate
0.83%
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 Ocean County Tax Rate
2.26%
Median Effective New Jersey Tax Rate
2.82%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Barnegat Light, Ocean County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 08006 | 0.83% | 0.83% | 0.83% | 0.83% | 0.89% |
Source: Ownwell
Property Tax Assessment Values Across Barnegat Light, Ocean County, New Jersey
When examining property taxes in Barnegat Light, 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 Ocean 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 Ocean 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 Barnegat Light. For example, the median home price in Barnegat Light is $718,500, with tax bills ranging significantly across the county. Zip code 08006 has the highest median home price at $718,500.
Property Tax Assessment Values Across Barnegat Light, Ocean County, New Jersey
Source: Ownwell
$88,700
$589,800
$1,090,900
Median Barnegat Light Market Value
$718,500
Median Ocean County Market Value
$281,800
Median New Jersey Market Value
$282,900
Median United States Market Value
$235,294
Property Tax Assessment Values Across Barnegat Light, Ocean County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 08006 | $498,700 | $586,875 | $718,500 | $896,875 | $1,174,560 |
Source: Ownwell
Property Tax Bills Across Barnegat Light, Ocean County, New Jersey
Property Tax Bills Across Barnegat Light, Ocean County, New Jersey
Source: Ownwell
$1,922
$9,935
$17,948
Median Barnegat Light Tax Bill
$5,946
Median Ocean County Tax Bill
$5,983
Median New Jersey Tax Bill
$8,227
Median United States Tax Bill
$2,400
Property Tax Bills Across Barnegat Light, Ocean County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 08006 | $4,081 | $4,829 | $5,946 | $7,427 | $9,731 |
Source: Ownwell