Property Taxes in Oak Ridge, New Jersey
Median Oak Ridge, New Jersey effective property tax rate: 4.08%, significantly higher than the national median of 1.02%, and higher than the New Jersey state median of 2.88%.
Median Oak Ridge, New Jersey home value: $254,150
Median annual Oak Ridge, New Jersey tax bill: $10,346, $7,946 higher than the national median property tax bill of $2,400.
How are property taxes in Passaic calculated?
Property taxes in Oak Ridge, New Jersey 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 April 13, 2026
How Does the Oak Ridge Property Tax Calculator Work?
Use this Oak Ridge property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Oak Ridge's median effective tax rate of 4.08% — based on actual property records in Passaic County — to generate your estimate.
Enter your property's estimated assessed value — the figure the local assessment office uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Oak Ridge's median effective rate across all local levies, providing a more accurate estimate than applying a single county millage rate.
Your bill may vary by ZIP code within Oak Ridge: rates range from 4.08% in 07438 to 4.08% in 07438, primarily due to differences in school district levies and local assessment districts.
For a more precise estimate, scroll down to explore ZIP code-level tax rate trends across Oak Ridge.
About Oak Ridge Property Taxes
About Property Taxes in Oak Ridge, Passaic, New Jersey
Oak Ridge’s median effective property tax rate of 4.08% is higher than the New Jersey state median of 2.88% and higher than the national median of 1.02%. This rate reflects the Passaic County base levy combined with local school district levies and special assessment districts that vary by subdivision throughout the city.
Property tax rates are not uniform across Oak Ridge. Homeowners in the 07438 ZIP code carry a median effective rate of 4.08%, while those in the same ZIP code pay 4.08%. This spread — 0 percentage points across the same city — reflects how school district boundaries and local assessment districts are drawn across Passaic County. Understanding which part of Oak Ridge you live in can make a meaningful difference to your annual tax bill.
Oak Ridge homeowners who believe their assessed value is too high can file a formal appeal with the local Tax Assessor before the April 1, 2026 deadline each year.
If your estimated bill above seems higher than expected, Ownwell can review your assessment and protest on your behalf. You only pay if we save you money.
Property Tax Rates Across Oak Ridge, Passaic County, New Jersey
As noted earlier, 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 Oak Ridge's effective property tax rate to other cities in New Jersey and the median property tax rates in New Jersey and the U.S.
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
4.08%
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
4.90%
Median Effective New Jersey Tax Rate
2.88%
Median Effective United States Tax Rate
1.27%
Property Tax Rates Across Oak Ridge, Passaic County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 07438 | 4.07% | 4.07% | 4.08% | 4.08% | 4.08% |
Source: Ownwell
Property Tax Assessment Values Across Oak Ridge, Passaic County, New Jersey
When examining property taxes in Oak Ridge, New Jersey, 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 tax assessor 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 February.
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. For example, the median home price in Oak Ridge is $254,150, with tax bills ranging from $9,039 at the 25th percentile to $14,812 at the 90th percentile.
Property Tax Assessment Values Across Oak Ridge, Passaic County, New Jersey
Source: Ownwell
$158,100
$271,100
$384,100
Median Oak Ridge Market Value
$254,150
Median Passaic County Market Value
$228,800
Median New Jersey Market Value
$288,200
Median United States Market Value
$274,101
Property Tax Assessment Values Across Oak Ridge, Passaic County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 07438 | $194,550 | $221,000 | $254,150 | $304,475 | $365,750 |
Source: Ownwell
Property Tax Bills Across Oak Ridge, Passaic County, New Jersey
Property tax bills in Oak Ridge are calculated by applying the local tax rate to a home’s assessed value, which is based on the market value of the property. For homeowners, that means the bill is tied to what the property is worth rather than what was originally paid for it. Factors such as location, home characteristics, and local taxing jurisdictions all influence the final amount.
With a median home price of $254,150, Oak Ridge homeowners face a median property tax bill of $10,346, which is far above the national median property tax bill of $2,400. That higher burden can make taxes a major part of monthly housing costs.
Bills also vary widely across the area. The 25th percentile tax bill is $9,039, while the 75th percentile reaches $12,386 and the 90th percentile climbs to $14,812. In Passaic County, the highest and lowest median tax bill both appear in ZIP code 07438, showing how local assessments can shape what homeowners pay.
Median Oak Ridge Tax Bill
$10,346
Median Passaic County Tax Bill
$10,419
Median New Jersey Tax Bill
$8,638
Median United States Tax Bill
$3,209
Property Tax Bills Across Oak Ridge, Passaic County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 07438 | $7,917 | $9,039 | $10,346 | $12,386 | $14,812 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | April 1 |
Links | |
|---|---|
| Passaic Tax Assessor | |
| Website | www.taxdatahub.com |