Pedricktown, Salem County, New Jersey Property Taxes

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

Median Pedricktown, NJ effective property tax rate: 2.73%, significantly higher than the national median of 1.02%, but lower than the New Jersey state median of 2.82%. Median Pedricktown, NJ home value: $191,850. Median annual Pedricktown, NJ tax bill: $5,034, $2,634 higher than the national median property tax bill of $2,400.

How are property taxes in Salem calculated?

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

Last Updated March 1, 2025

Pedricktown, Salem County, New Jersey Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.73%

Estimate Property Tax Bill

$5,238

$4,860

Ownwell’s Pedricktown Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Pedricktown with just two data points. By entering your property's estimated assessed value, our calculator applies Pedricktown’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 Pedricktown, 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 Pedricktown’s effective property tax rate to other cities in New Jersey and the median property tax rates in New Jersey and the U.S. Pedricktown, located in Salem County, stands out with a median property tax rate of 2.73%. This is significantly higher than the national median property tax rate of 1.02%. The property tax rate in Pedricktown is also consistent across the county, reflecting a uniform approach to property taxation within the region. This high rate is indicative of the local government's need to fund essential services and infrastructure. By understanding these rates, property owners in Pedricktown can better grasp how their tax dollars are allocated and the value they receive in return.

Property Tax Rates Across Pedricktown, 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 Pedricktown Tax Rate

2.73%

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 Pedricktown, Salem County, New Jersey

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
08067	2.44%	2.65%	2.73%	2.73%	2.74%

Source: Ownwell

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

When examining property taxes in Pedricktown, 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 Pedricktown. For example, the median home price in Pedricktown is $191,850, with tax bills ranging significantly across the county. 08067 has the highest median home price at $191,850.

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

Source: Ownwell

$89,450

$178,125

$266,800

Median Pedricktown Market Value

$191,850

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 Pedricktown, Salem County, New Jersey

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
08067	$114,850	$145,825	$191,850	$255,450	$309,460

Source: Ownwell

Property Tax Bills Across Pedricktown, Salem County, New Jersey

Pedricktown in Salem County, NJ, is known for its relatively high property tax rates compared to the national average. Here, property taxes are calculated based on the assessed value of homes, which is determined by local assessors. The median home price in Pedricktown is $191,850, and property tax rates are significantly higher than the national median rate of 1.02%. Homeowners in Pedricktown face a median property tax bill of $5,034, more than double the national median of $2,400. Factors such as property size, location, and improvements can influence the assessed value, consequently affecting the tax bill. This can pose a financial burden on homeowners, especially those with tax bills in the 75th percentile at $6,884 or the 90th percentile at $8,435. Ownwell assists homeowners by identifying opportunities for tax appeals and exemptions, potentially reducing their tax burden. Through expert analysis and representation, Ownwell helps ensure homeowners pay only their fair share, maximizing savings and providing peace of mind.

Property Tax Bills Across Pedricktown, Salem County, New Jersey

Source: Ownwell

$1,408

$5,230

$9,052

Median Pedricktown Tax Bill

$5,034

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 Pedricktown, Salem County, New Jersey

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
08067	$2,986	$3,838	$5,034	$6,884	$8,435

Source: Ownwell