Pittsgrove, Salem County, New Jersey Property Taxes
Median Pittsgrove, NJ effective property tax rate: 3.96%, significantly higher than the national median of 1.02%, but lower than the New Jersey state median of 2.82%.
Median Pittsgrove, NJ home value: $161,650
Median annual Pittsgrove, NJ tax bill: $6,304, $3,904 higher than the national median property tax bill of $2,400.
How are property taxes in Salem calculated?
Property taxes in Pittsgrove, 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 Pittsgrove’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Pittsgrove, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Pittsgrove, Salem County, New Jersey Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
3.96%
Estimate Property Tax Bill
$6,401
$5,940
Property Tax Rates Across Pittsgrove, Salem County, New Jersey
Local government entities determine property tax rates, which can differ significantly within a state. This is because each county calculates its necessary budget for services and divides that by the total value of all taxable properties in its area. This method yields the property tax rate. Although the establishment of tax rates and budgets involves votes and legislation, this is the fundamental yearly procedure.
In Pittsgrove, located in Salem County, the effective property tax rate stands out compared to other cities in New Jersey. The median property tax rate here is notably higher than the national median property tax rate of 1.02%. This places Pittsgrove among the areas with the highest property tax rates in the U.S.
Understanding these variations can help property owners make informed decisions about where to live or invest. By comparing Pittsgrove’s effective property tax rate to other regions in New Jersey and the national average, property owners can better assess potential financial obligations.
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 Pittsgrove Tax Rate
3.96%
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
3.71%
Median Effective New Jersey Tax Rate
2.82%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Pittsgrove, Salem County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 08318 | 3.62% | 3.85% | 3.96% | 3.98% | 3.98% |
Source: Ownwell
Property Tax Assessment Values Across Pittsgrove, Salem County, New Jersey
When examining property taxes in Pittsgrove, 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 Pittsgrove.
For example, the median home price in Pittsgrove is $161,650, with tax bills ranging significantly across the county. 08318 has the highest median home price at $161,650.
Property Tax Assessment Values Across Pittsgrove, Salem County, New Jersey
Source: Ownwell
$89,450
$178,125
$266,800
Median Pittsgrove Market Value
$161,650
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 Pittsgrove, Salem County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 08318 | $93,940 | $121,700 | $161,650 | $240,375 | $313,990 |
Source: Ownwell
Property Tax Bills Across Pittsgrove, Salem County, New Jersey
In Pittsgrove, NJ, property tax bills are determined by assessing the property's market value and applying the local tax rate set by Salem County. The median home price in Pittsgrove is $161,650, and homeowners can expect their tax bills to vary significantly. For example, the 25th percentile tax bill is $4,635, while the 75th percentile is $9,407, and the 90th percentile reaches $11,904. These figures highlight the potential financial burden on homeowners, especially when compared to the national median property tax bill of $2,400. Homeowners in Pittsgrove may find their tax bills considerably higher than the national average due to these assessed values and local tax rates.
Ownwell offers assistance to homeowners in Pittsgrove by providing property tax appeal and exemption services. By evaluating the assessed value of homes, Ownwell can identify discrepancies and help reduce tax bills. This service ensures homeowners only pay their fair share, potentially saving them thousands of dollars annually. With Ownwell's expertise, Pittsgrove residents can navigate the complexities of property tax assessments more effectively.
Median Pittsgrove Tax Bill
$6,304
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 Pittsgrove, Salem County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 08318 | $3,693 | $4,635 | $6,304 | $9,407 | $11,904 |
Source: Ownwell