Oak Ridge, Passaic County, New Jersey Property Taxes
Median OAK RIDGE, NJ effective property tax rate: 3.99%, significantly higher than the national median of 1.02%, but lower than the NJ state median of 2.82%.
Median OAK RIDGE, NJ home value: $253,800
Median annual OAK RIDGE, NJ tax bill: $9,949, $7,549 higher than the national median property tax bill of $2,400.
How are property taxes in Passaic calculated?
Property taxes in OAK RIDGE, 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 OAK RIDGE’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in OAK RIDGE, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Oak Ridge, Passaic County, New Jersey Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
3.99%
Estimate Property Tax Bill
$10,127
$9,397
Property Tax Rates Across Oak Ridge, Passaic County, New Jersey
Local government entities are responsible for setting tax rates, which can vary significantly within a state. This variation occurs because each county annually 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 votes and laws play a role in setting tax rates and budgets, this is the basic annual process.
In Oak Ridge, Passaic County, New Jersey, the effective property tax rate is 3.99%, which is significantly higher than the national median property tax rate of 1.02%. This means that homeowners in Oak Ridge may face higher property tax bills compared to other regions. The median property tax bill in Oak Ridge is also higher than the national median of $2,400. This highlights the importance of understanding local tax rates and seeking potential exemptions or appeals to manage property tax expenses effectively. By staying informed and proactive, homeowners can navigate the complexities of property taxes and potentially reduce their financial burden.
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 Oak Ridge Tax Rate
3.99%
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 Oak Ridge, Passaic County, New Jersey
Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
07438 | 3.25% | 3.99% | 3.99% | 3.99% | 3.99% |
Source: Ownwell
Property Tax Assessment Values Across Oak Ridge, Passaic County, New Jersey
Property Tax Assessment Values Across Oak Ridge, Passaic County, New Jersey
Source: Ownwell

$89,900
$237,000
$384,100
Median Oak Ridge Market Value
$253,800
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 Oak Ridge, Passaic County, New Jersey
Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
07438 | $196,260 | $221,000 | $253,800 | $301,200 | $355,020 |
Source: Ownwell
Property Tax Bills Across Oak Ridge, Passaic County, New Jersey
Median Oak Ridge Tax Bill
$9,949
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 Oak Ridge, Passaic County, New Jersey
Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
07438 | $7,175 | $8,469 | $9,949 | $11,827 | $14,056 |
Source: Ownwell