Hawthorne, Passaic County, New Jersey Property Taxes
Median Hawthorne, NJ effective property tax rate: 2.95%, significantly higher than the national median of 1.02%, but lower than the New Jersey state median of 2.82%.
Median Hawthorne, NJ home value: $363,700
Median annual Hawthorne, NJ tax bill: $10,494, $8,094 higher than the national median property tax bill of $2,400.
How are property taxes in Passaic calculated?
Property taxes in Hawthorne, 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 Hawthorne’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Hawthorne, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Hawthorne, Passaic County, New Jersey Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
2.95%
Estimate Property Tax Bill
$10,729
$9,956
Property Tax Rates Across Hawthorne, Passaic County, New Jersey
Local government entities set tax rates, which can vary widely within a state. 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 Hawthorne’s effective property tax rate to other cities in New Jersey and the median property tax rates in New Jersey and the U.S.
In Hawthorne, located in Passaic County, property owners face a median property tax rate of 2.95%, which is significantly higher than the national median of 1.02%. This rate underscores the substantial tax burden placed on property owners in this area compared to the national average. Despite this, New Jersey's property tax rates are consistent, with Hawthorne's rate matching both the highest and lowest rates in the state. Understanding these figures is crucial for property owners considering tax appeals or exemptions. By analyzing how Hawthorne compares to other regions, property owners can make informed decisions about their property tax obligations.
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 Hawthorne Tax Rate
2.95%
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 Passaic County Tax Rate
4.57%
Median Effective New Jersey Tax Rate
2.82%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Hawthorne, Passaic County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 07506 | 2.47% | 2.95% | 2.95% | 2.95% | 2.95% |
Source: Ownwell
Property Tax Assessment Values Across Hawthorne, Passaic County, New Jersey
When examining property taxes in Hawthorne, 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 Passaic 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 Passaic County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of March. 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 Hawthorne. For example, the median home price in Hawthorne is $363,700, with tax bills ranging significantly across the county. 07506 has the highest median home price at $363,700.
Property Tax Assessment Values Across Hawthorne, Passaic County, New Jersey
Source: Ownwell
$89,900
$237,000
$384,100
Median Hawthorne Market Value
$363,700
Median Passaic County Market Value
$226,800
Median New Jersey Market Value
$282,900
Median United States Market Value
$235,294
Property Tax Assessment Values Across Hawthorne, Passaic County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 07506 | $280,360 | $315,850 | $363,700 | $423,700 | $513,640 |
Source: Ownwell
Property Tax Bills Across Hawthorne, Passaic County, New Jersey
In Hawthorne, NJ, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. The assessed value is a percentage of the market value, which is influenced by factors such as location, size, and property condition. Homeowners in Passaic County face a median property tax bill of $10,494, significantly higher than the national median of $2,400. This high tax burden can be challenging for homeowners, especially when property values fluctuate.
The tax bill can vary widely, with the 25th percentile at $8,968 and the 90th percentile reaching $14,936, indicating a substantial range in what homeowners might pay. Homeowners may not realize that they are overpaying due to incorrect assessments or unclaimed exemptions. This is where Ownwell can make a difference. By providing expert property tax appeal and exemption services, Ownwell helps homeowners identify potential savings, ensuring they pay only their fair share. With professional guidance, homeowners can navigate the complexities of property taxes and potentially reduce their tax bills, alleviating financial strain.
Median Hawthorne Tax Bill
$10,494
Median Passaic County Tax Bill
$9,911
Median New Jersey Tax Bill
$8,227
Median United States Tax Bill
$2,400
Property Tax Bills Across Hawthorne, Passaic County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 07506 | $7,592 | $8,968 | $10,494 | $12,314 | $14,936 |
Source: Ownwell