Elmer, Salem County, New Jersey Property Taxes

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

Median Elmer, NJ effective property tax rate: 3.90%, significantly higher than the national median of 1.02%, but lower than the New Jersey state median of 2.82%.
Median Elmer, NJ home value: $176,600
Median annual Elmer, NJ tax bill: $6,467, $4,067 higher than the national median property tax bill of $2,400.

How are property taxes in Salem calculated?

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

Last Updated March 1, 2025

Elmer, Salem County, New Jersey Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

3.9%

Estimate Property Tax Bill

$6,887

$6,391

Ownwell’s Elmer Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Elmer with just two data points. By entering your property's estimated assessed value, our calculator applies Elmer’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 Elmer, Salem 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 Elmer’s effective property tax rate to other cities in New Jersey and the median property tax rates in New Jersey and the U.S. Elmer, located in Salem County, stands out with a property tax rate significantly higher than the national median. With a rate of 3.90%, it is the highest in the state, far surpassing the national median property tax rate of 1.02%. This higher rate reflects the local government's budgetary requirements and the total value of taxable property in the area. As a property owner, understanding these rates is crucial for financial planning and exploring potential appeals or exemptions available to you.

Property Tax Rates Across Elmer, 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 Elmer Tax Rate

3.90%

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 Elmer, Salem County, New Jersey

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
08318	2.92%	3.61%	3.90%	3.98%	4.01%

Source: Ownwell

Property Tax Assessment Values Across Elmer, Salem County, New Jersey

When examining property taxes in Elmer, 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 Elmer. For example, the median home price in Elmer is $176,600, with tax bills ranging significantly across the county. Zip code 08318 has the highest median home price at $176,600.

Property Tax Assessment Values Across Elmer, Salem County, New Jersey

Source: Ownwell

$89,450

$178,125

$266,800

Median Elmer Market Value

$176,600

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 Elmer, Salem County, New Jersey

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
08318	$110,200	$138,800	$176,600	$231,000	$289,600

Source: Ownwell

Property Tax Bills Across Elmer, Salem County, New Jersey

In Elmer, located in Salem County, NJ, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. The median home price in this area is $176,600. Homeowners in Elmer face a substantial property tax burden, with the median tax bill reaching $6,467, significantly higher than the national median of $2,400. The tax bill can vary widely, from the 25th percentile at $5,135 to the 90th percentile at $10,926. These figures reflect the impact of property taxes on homeowners, often straining household budgets.

Factors influencing tax bills include changes in assessed property values and local government budget requirements. Ownwell can assist homeowners in Elmer by providing expert property tax appeal services. By analyzing property assessments and identifying discrepancies, Ownwell helps homeowners potentially reduce their tax liabilities. This not only alleviates financial pressure but also ensures that property taxes are fair and accurate, offering significant savings for those who may be over-assessed.

Property Tax Bills Across Elmer, Salem County, New Jersey

Source: Ownwell

$1,408

$5,230

$9,052

Median Elmer Tax Bill

$6,467

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 Elmer, Salem County, New Jersey

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
08318	$4,074	$5,135	$6,467	$8,448	$10,926

Source: Ownwell