Swedesboro, Salem County, New Jersey Property Taxes
Median Swedesboro, 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 Swedesboro, NJ home value: $162,400
Median annual Swedesboro, NJ tax bill: $4,196, $1,796 higher than the national median property tax bill of $2,400.
How are property taxes in Salem calculated?
Property taxes in Swedesboro, 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 Swedesboro’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Swedesboro, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Swedesboro, Salem County, New Jersey Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
2.73%
Estimate Property Tax Bill
$4,434
$4,114
Property Tax Rates Across Swedesboro, Salem County, New Jersey
Local government entities determine property tax rates, which can significantly vary even within a single state. This variation is due to each county's annual budgeting process. Counties estimate the budget needed for public services and divide it by the total value of all taxable properties in the area to arrive at the property tax rate. Although the process involves votes and legal considerations, this is the essence of how property tax rates are set each year.
In Swedesboro, located in Salem County, NJ, the effective property tax rate stands at 2.73%. This rate is notably higher than both the New Jersey state median and the national median property tax rate of 1.02%. As a result, homeowners in Swedesboro face property tax bills that are considerably above the national median of $2,400. This underscores the importance for property owners in Swedesboro to explore potential tax appeal and exemption opportunities to alleviate their financial burden. Understanding these rates and the factors influencing them can empower property owners to make informed decisions and potentially reduce their tax liabilities.
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 Swedesboro Tax Rate
2.73%
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 Swedesboro, Salem County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 08085 | 2.34% | 2.47% | 2.73% | 2.73% | 2.73% |
Source: Ownwell
Property Tax Assessment Values Across Swedesboro, Salem County, New Jersey
When examining property taxes in Swedesboro, 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 March. 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 Swedesboro. For example, the median home price in Swedesboro is $162,400, with tax bills ranging significantly across the county. Zip code 08085 has the highest median home price at $162,400.
Property Tax Assessment Values Across Swedesboro, Salem County, New Jersey
Source: Ownwell
$89,450
$178,125
$266,800
Median Swedesboro Market Value
$162,400
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 Swedesboro, Salem County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 08085 | $107,800 | $136,850 | $162,400 | $187,650 | $219,200 |
Source: Ownwell
Property Tax Bills Across Swedesboro, Salem County, New Jersey
Median Swedesboro Tax Bill
$4,196
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 Swedesboro, Salem County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 08085 | $2,667 | $3,384 | $4,196 | $4,907 | $5,819 |
Source: Ownwell