Newfield, Salem County, New Jersey Property Taxes

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

Median Newfield, NJ effective property tax rate: 2.91%, significantly higher than the national median of 1.02%, but lower than the NJ state median of 2.82%.
Median Newfield, NJ home value: $204,050
Median annual Newfield, NJ tax bill: $5,942, $3,542 higher than the national median property tax bill of $2,400.

How are property taxes in Salem calculated?

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

Last Updated March 1, 2025

Newfield, Salem County, New Jersey Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.91%

Estimate Property Tax Bill

$5,938

$5,510

Ownwell’s Newfield Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Newfield with just two data points. By entering your property's estimated assessed value, our calculator applies Newfield’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 Newfield, Salem County, New Jersey

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 NEWFIELD’s effective property tax rate to other cities in NJ and the median property tax rates in NJ and the U.S.

In NEWFIELD, located in Salem County, property owners face a median property tax rate of 2.91%, significantly higher than the national median of 1.02%. This rate is consistent across Salem County, making it both the highest and lowest in the area. The median property tax bill in NEWFIELD is also notably above the national median of $2400. This comparison highlights the importance of understanding property tax rates and their impact on homeowners. For residents in NEWFIELD, exploring property tax appeal options could potentially lead to significant savings. Understanding these nuances can help property owners make informed decisions about their tax liabilities.

Property Tax Rates Across Newfield, 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 Newfield Tax Rate

2.91%

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 Newfield, Salem County, New Jersey

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
08344	2.80%	2.91%	2.91%	2.92%	2.92%

Source: Ownwell

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

When examining property taxes in Newfield, 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 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.

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 Newfield.

For example, the median home price in Newfield is $204,050, with tax bills ranging significantly across the county. ZIP code 08344 has the highest median home price at $204,050.

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

Source: Ownwell

$89,450

$178,125

$266,800

Median Newfield Market Value

$204,050

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 Newfield, Salem County, New Jersey

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
08344	$139,050	$167,900	$204,050	$237,175	$308,760

Source: Ownwell

Property Tax Bills Across Newfield, Salem County, New Jersey

In Newfield, Salem County, NJ, property tax bills are calculated based on the assessed value of a home, which is determined by local tax assessors. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. With a median home price of $204,050, homeowners in Newfield face a median property tax bill of $5,942, significantly higher than the national median of $2,400. Factors influencing the tax bill include property size, location, and any improvements made to the property. Homeowners in Newfield experience tax bills ranging from the 25th percentile at $4,883 to the 90th percentile at $8,850. Such high property taxes can be a financial burden for homeowners. However, Ownwell offers a solution by helping homeowners appeal their property tax assessments and secure exemptions, potentially lowering their tax bills. By leveraging expertise in local tax regulations and market conditions, Ownwell can help homeowners achieve significant savings on their property taxes.

Property Tax Bills Across Newfield, Salem County, New Jersey

Source: Ownwell

$1,408

$5,230

$9,052

Median Newfield Tax Bill

$5,942

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 Newfield, Salem County, New Jersey

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
08344	$3,834	$4,883	$5,942	$6,914	$8,850

Source: Ownwell