Carneys Point, Salem County, New Jersey Property Taxes

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

Median CARNEYS POINT, NJ effective property tax rate: 3.35%, significantly higher than the national median of 1.02%, but lower than the NJ state median of 2.82%.
Median CARNEYS POINT, NJ home value: $138,900
Median annual CARNEYS POINT, NJ tax bill: $4,720, $2,320 higher than the national median property tax bill of $2,400.

How are property taxes in Salem calculated?

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

Last Updated March 1, 2025

Carneys Point, Salem County, New Jersey Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

3.35%

Estimate Property Tax Bill

$4,653

$4,318

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

Property Tax Rates Across Carneys Point, Salem County, New Jersey

Local government entities determine tax rates, which can vary significantly within a state. This is because each county annually estimates its budgetary needs to provide essential services and divides that by the total value of all taxable property within its jurisdiction. This calculation determines the property tax rate. Although setting tax rates and budgets involves votes and laws, this is essentially the annual process.

You can compare Carneys Point’s effective property tax rate to other cities in New Jersey and the median property tax rates in New Jersey and the U.S. Carneys Point, located in Salem County, reflects a property tax rate that stands out in comparison to both the state and national averages. With New Jersey known for its relatively high property taxes, Carneys Point aligns with this trend. The state's median property tax rate is significantly higher than the national median of 1.02%. This provides a unique perspective for property owners and potential buyers, highlighting the importance of understanding local tax obligations and opportunities for potential savings through appeals and exemptions.

Property Tax Rates Across Carneys Point, Salem County, New Jersey

Source: Ownwell

1.62%

3.19%

4.75%

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 Carneys Point Tax Rate

3.35%

Median Effective Salem County Tax Rate

3.71%

Median Effective New Jersey Tax Rate

2.82%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Carneys Point, Salem County, New Jersey

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
08069	3.20%	3.33%	3.35%	3.35%	3.35%

Source: Ownwell

Property Tax Assessment Values Across Carneys Point, Salem County, New Jersey

When examining property taxes in Carneys Point, 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 Salem 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 Salem 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 Carneys Point. For example, the median home price in Carneys Point is $138,900, with tax bills ranging significantly across the county. Zip code 08069 has the highest median home price at $138,900.

Property Tax Assessment Values Across Carneys Point, Salem County, New Jersey

Source: Ownwell

$89,450

$178,125

$266,800

Median Carneys Point Market Value

$138,900

Median Salem County Market Value

$154,700

Median New Jersey Market Value

$282,900

Median United States Market Value

$235,294

Property Tax Assessment Values Across Carneys Point, Salem County, New Jersey

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
08069	$31,960	$119,500	$138,900	$152,875	$201,570

Source: Ownwell

Property Tax Bills Across Carneys Point, Salem County, New Jersey

In Carneys Point, NJ, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. This assessed value is then multiplied by the local tax rate to determine the annual property tax bill. Homeowners in Carneys Point face a median property tax bill of $4,720, significantly higher than the national median of $2,400. This disparity is largely due to New Jersey's higher tax rates and the local government's budgetary needs. Factors such as changes in market value, improvements to the property, and local government spending can influence the assessed value, impacting the overall tax bill. For homeowners, these high tax bills can be burdensome. Ownwell offers a solution by assisting homeowners in appealing their property tax assessments, potentially lowering their tax obligations. By leveraging expert knowledge and a proven appeal process, Ownwell helps homeowners navigate the complexities of property tax systems, ensuring they pay only their fair share.

Property Tax Bills Across Carneys Point, Salem County, New Jersey

Source: Ownwell

$1,408

$5,230

$9,052

Median Carneys Point Tax Bill

$4,720

Median Salem County Tax Bill

$5,715

Median New Jersey Tax Bill

$8,227

Median United States Tax Bill

$2,400

Property Tax Bills Across Carneys Point, Salem County, New Jersey

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
08069	$1,375	$3,607	$4,720	$5,190	$6,120

Source: Ownwell