Property Taxes in Penns Grove, New Jersey
Median Penns Grove, New Jersey effective property tax rate: 3.56%, significantly higher than the national median of 1.02%, and higher than the New Jersey state median of 2.88%.
Median Penns Grove, New Jersey home value: $117,100
Median annual Penns Grove, New Jersey tax bill: $4,656, $2,256 higher than the national median property tax bill of $2,400.
How are property taxes in Salem calculated?
Property taxes in Penns Grove, 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 Penns Grove's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Penns Grove, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
How Does the Penns Grove Property Tax Calculator Work?
Use this Penns Grove property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Penns Grove's median effective tax rate of 3.56% — based on actual property records in Salem County — to generate your estimate.
Enter your property's estimated assessed value — the figure the local assessment system uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Penns Grove'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 Penns Grove: rates range from 3.56% in 08069 to 3.56% in 08069, 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 Penns Grove.
About Penns Grove Property Taxes
About Property Taxes in Penns Grove, Salem, New Jersey
Penns Grove’s median effective property tax rate of 3.56% is higher than the New Jersey state median of 2.88% and higher than the national median of 1.02%. This rate reflects the Salem 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 Penns Grove. Homeowners in the 08069 ZIP code carry a median effective rate of 3.56%, while those in the lowest ZIP pay 3.56%. This spread — 0 percentage points across the same city — reflects how school district boundaries and local assessment districts are drawn across Salem County. Understanding which part of Penns Grove you live in can make a meaningful difference to your annual tax bill.
Penns Grove 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 Penns Grove, Salem 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 Penns Grove'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 Penns Grove Tax Rate
3.56%
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 Salem County Tax Rate
3.97%
Median Effective New Jersey Tax Rate
2.88%
Median Effective United States Tax Rate
1.27%
Property Tax Rates Across Penns Grove, Salem County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 08069 | 3.56% | 3.56% | 3.56% | 5.36% | 5.36% |
Source: Ownwell
Property Tax Assessment Values Across Penns Grove, Salem County, New Jersey
When examining property taxes in Penns Grove, 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 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.
Assessment notices:
In Salem County, assessment notices are sent in February 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. 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 Penns Grove.
For example, the median home price in Penns Grove is $117,100, with tax bills ranging significantly across the county. 08069 has the highest median home price at $117,100.
Property Tax Assessment Values Across Penns Grove, Salem County, New Jersey
Source: Ownwell
$94,400
$181,450
$268,500
Median Penns Grove Market Value
$117,100
Median Salem County Market Value
$151,600
Median New Jersey Market Value
$288,200
Median United States Market Value
$274,101
Property Tax Assessment Values Across Penns Grove, Salem County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 08069 | $65,080 | $92,800 | $117,100 | $153,100 | $204,600 |
Source: Ownwell
Property Tax Bills Across Penns Grove, Salem County, New Jersey
Property tax bills in Penns Grove are calculated by applying the local tax rate to a home’s assessed value, which is based on the market value of the property. The assessed value, not the purchase price, is what determines the bill, and it can change when a home is reassessed or when local tax rates are adjusted. Factors such as the property’s location, condition, and any changes in market value can all affect the final amount.
For homeowners in Penns Grove, this means a tax bill can rise even if the home has not been sold. With a median home price of $117,100, the typical tax burden is substantial compared with the national median property tax bill of $2,400 and national median property tax rate of 1.02%. Bills in the area range from $3,695 at the 25th percentile to $5,920 at the 75th percentile, with the 90th percentile reaching $7,629. In ZIP code 08069, the median tax bill is $4,656.
Median Penns Grove Tax Bill
$4,656
Median Salem County Tax Bill
$5,981
Median New Jersey Tax Bill
$8,638
Median United States Tax Bill
$3,209
Property Tax Bills Across Penns Grove, Salem County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 08069 | $3,068 | $3,695 | $4,656 | $5,920 | $7,629 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | April 1 |
Links | |
|---|---|
| Salem Tax Assessor | |
| Website | newjersey.maps.arcgis.com |