Waretown, Ocean County, New Jersey Property Taxes

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

Median Waretown, NJ effective property tax rate: 2.17%, significantly higher than the national median of 1.02%, but lower than the New Jersey state median of 2.82%.
Median Waretown, NJ home value: $280,500
Median annual Waretown, NJ tax bill: $5,752, $3,352 higher than the national median property tax bill of $2,400.

How are property taxes in Ocean County calculated?

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

Last Updated March 1, 2025

Waretown, Ocean County, New Jersey Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.17%

Estimate Property Tax Bill

$6,087

$5,648

Ownwell’s Waretown Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Waretown with just two data points.

By entering your property's estimated assessed value, our calculator applies Waretown’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 Ocean County.

For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Waretown, 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 Waretown’s effective property tax rate to other cities in NJ and the median property tax rates in NJ and the U.S.

In Waretown, located in Ocean County, the effective property tax rate stands at 2.17%. This rate is significantly higher than the national median property tax rate of 1.02%. For homeowners in Waretown, this means property tax bills are likely to be substantially above the national median of $2400. In fact, Waretown's rate is among the highest in the country. This underscores the importance of understanding local tax assessments and exploring potential savings through property tax appeals or exemptions. As property taxes represent a significant cost for homeowners, staying informed and proactive can lead to substantial financial benefits.

Property Tax Rates Across Waretown, Ocean County, New Jersey

Source: Ownwell

0.83%

2.04%

3.25%

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 Waretown Tax Rate

2.17%

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 Waretown, Ocean County, New Jersey

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
08758	1.96%	2.06%	2.17%	2.17%	2.17%

Source: Ownwell

Property Tax Assessment Values Across Waretown, Ocean County, New Jersey

When examining property taxes in Waretown, 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 Tax Board 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 Waretown. For example, the median home price in Waretown is $280,500, with tax bills ranging significantly across the county. Zip code 08758 has the highest median home price at $280,500.

Property Tax Assessment Values Across Waretown, Ocean County, New Jersey

Source: Ownwell

$88,700

$589,800

$1,090,900

Median Waretown Market Value

$280,500

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 Waretown, Ocean County, New Jersey

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
08758	$142,070	$181,900	$280,500	$335,000	$376,300

Source: Ownwell

Property Tax Bills Across Waretown, Ocean County, New Jersey

In Waretown, NJ, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. With a median home price of $280,500, homeowners in Waretown often face tax bills that reflect the region's higher property tax rates. For example, the median tax bill in Waretown is $5,752, significantly above the national median of $2,400. This places a substantial financial burden on homeowners, with tax bills ranging from $3,832 at the 25th percentile to $8,012 at the 90th percentile. Factors influencing these tax bills include the local government's budgetary needs and public service requirements. Ownwell offers a solution to alleviate this burden by providing expert property tax appeal and exemption services. By analyzing the assessed value of a property and comparing it to market trends, Ownwell identifies opportunities for tax reductions, helping homeowners potentially save thousands on their annual tax bills. This service ensures that homeowners are not overpaying and receive the most favorable tax treatment possible.

Property Tax Bills Across Waretown, Ocean County, New Jersey

Source: Ownwell

$1,922

$9,935

$17,948

Median Waretown Tax Bill

$5,752

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 Waretown, Ocean County, New Jersey

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
08758	$2,969	$3,832	$5,752	$7,023	$8,012

Source: Ownwell