North Haledon, Passaic County, New Jersey Property Taxes

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

Median North Haledon, NJ effective property tax rate: 2.94%, significantly higher than the national median of 1.02%, but lower than the New Jersey state median of 2.82%.
Median North Haledon, NJ home value: $352,500
Median annual North Haledon, NJ tax bill: $10,190, $7,790 higher than the national median property tax bill of $2,400.

How are property taxes in Passaic County calculated?

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

Last Updated March 1, 2025

North Haledon, Passaic County, New Jersey Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.94%

Estimate Property Tax Bill

$10,364

$9,617

Ownwell’s North Haledon Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in North Haledon with just two data points. By entering your property's estimated assessed value, our calculator applies North Haledon’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 Passaic County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across North Haledon, Passaic County, New Jersey

Local government entities determine tax rates, which can vary significantly within a state. Each year, counties calculate their required budget to provide essential services and divide this by the total value of all taxable property in their jurisdiction. This process determines the property tax rate. While votes and laws play a role in setting these rates and budgets, this is the basic annual procedure.

In North Haledon, located in Passaic County, the effective property tax rate is notably higher than the national median, reflecting the state's overall trend. With a median property tax rate of 2.94%, New Jersey stands out for its elevated rates compared to the national median of 1.02%. This is evident in North Haledon, where the property tax rate mirrors the state's highest median rate. Such rates can have a significant impact on property owners, making it crucial to explore potential savings through property tax appeals or exemptions. By understanding these local rates and how they compare to state and national figures, property owners can better navigate their tax obligations and seek opportunities for financial relief.

Property Tax Rates Across North Haledon, Passaic County, New Jersey

Source: Ownwell

2.44%

4.07%

5.71%

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 North Haledon Tax Rate

2.94%

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 North Haledon, Passaic County, New Jersey

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
07508	2.65%	2.91%	2.94%	2.94%	2.94%

Source: Ownwell

Property Tax Assessment Values Across North Haledon, Passaic County, New Jersey

When examining property taxes in North Haledon, 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. Assessment notices: 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 North Haledon. For example, the median home price in North Haledon is $352,500, with tax bills ranging significantly across the county. 07508 has the highest median home price at $352,500.

Property Tax Assessment Values Across North Haledon, Passaic County, New Jersey

Source: Ownwell

$89,900

$237,000

$384,100

Median North Haledon Market Value

$352,500

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 North Haledon, Passaic County, New Jersey

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
07508	$256,360	$297,500	$352,500	$428,700	$539,380

Source: Ownwell

Property Tax Bills Across North Haledon, Passaic County, New Jersey

In North Haledon, Passaic County, NJ, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. The assessed value is typically a percentage of the home's market value, and local authorities set the tax rate to meet budgetary needs. With a median home price of $352,500, homeowners in North Haledon face substantial property tax bills, with the 25th percentile at $8,488 and the 75th percentile reaching $12,459. These figures are significantly higher than the national median property tax bill of $2,400, reflecting the region's higher property tax rates. Such high property taxes can place a financial burden on homeowners, impacting their overall cost of living. Ownwell assists homeowners by offering property tax appeal and exemption services, potentially lowering their tax bills. Our experienced team analyzes your property's assessed value, identifies discrepancies, and guides you through the appeal process, ensuring you pay only your fair share and potentially saving you a significant amount on your property tax bill.

Property Tax Bills Across North Haledon, Passaic County, New Jersey

Source: Ownwell

$3,830

$9,088

$14,346

Median North Haledon Tax Bill

$10,190

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 North Haledon, Passaic County, New Jersey

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
07508	$7,264	$8,488	$10,190	$12,459	$15,761

Source: Ownwell