Manville, Somerset County, New Jersey Property Taxes

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

Median Manville, NJ effective property tax rate: 2.62%, significantly higher than the national median of 1.02%, but lower than the New Jersey state median of 2.82%.
Median Manville, NJ home value: $298,700
Median annual Manville, NJ tax bill: $7,495, $5,095 higher than the national median property tax bill of $2,400.

How are property taxes in Somerset County calculated?

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

Last Updated March 1, 2025

Manville, Somerset County, New Jersey Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.62%

Estimate Property Tax Bill

$7,826

$7,262

Ownwell’s Manville Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Manville with just two data points.

By entering your property's estimated assessed value, our calculator applies Manville’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 Somerset County.

For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Manville, Somerset 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.

In Manville, Somerset County, New Jersey, the effective property tax rate is a notable 2.62%, significantly higher than the national median of 1.02%. This rate reflects the county's budgetary needs and the total assessed value of properties. Homeowners in Manville face a property tax bill that is considerably above the national median of $2,400, underscoring the importance of understanding local tax dynamics and exploring possible exemptions or appeals.

High property tax rates can have a substantial impact on homeowners, affecting housing affordability and overall cost of living. By comparing Manville’s rate with other cities in New Jersey and the national average, homeowners can gain valuable insights into how their property taxes stack up and explore opportunities for tax relief.

Property Tax Rates Across Manville, Somerset County, New Jersey

Source: Ownwell

1.35%

2.72%

4.08%

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 Manville Tax Rate

2.62%

Median Effective Somerset County Tax Rate

2.05%

Median Effective New Jersey Tax Rate

2.82%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Manville, Somerset County, New Jersey

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
08835	2.10%	2.54%	2.62%	2.62%	2.62%

Source: Ownwell

Property Tax Assessment Values Across Manville, Somerset County, New Jersey

When examining property taxes in Manville, 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 Somerset County Tax Board 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 Somerset 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 Manville. For example, the median home price in Manville is $298,700, with tax bills ranging significantly across the county. Zip code 08835 has the highest median home price at $298,700.

Property Tax Assessment Values Across Manville, Somerset County, New Jersey

Source: Ownwell

$230,000

$621,625

$1,013,250

Median Manville Market Value

$298,700

Median Somerset County Market Value

$415,100

Median New Jersey Market Value

$282,900

Median United States Market Value

$235,294

Property Tax Assessment Values Across Manville, Somerset County, New Jersey

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
08835	$191,640	$250,925	$298,700	$332,275	$368,100

Source: Ownwell

Property Tax Bills Across Manville, Somerset County, New Jersey

In Manville, Somerset County, NJ, property tax bills are calculated based on the assessed value of a home and the local tax rate. Homeowners in this area face a median property tax bill of $7,495, significantly higher than the national median of $2,400. Factors influencing these bills include the assessed home value, which is often a percentage of the market value, and the local tax rate set by municipal authorities. For instance, a property in the 75th percentile might have a tax bill of around $8,489, while those in the 90th percentile could see bills as high as $9,435. Such high property taxes can strain homeowners' finances, making it essential to explore ways to reduce these costs. Ownwell specializes in property tax appeals and exemptions, helping homeowners potentially lower their tax bills. By analyzing property assessments and market data, Ownwell identifies opportunities for reducing assessed values, ensuring homeowners pay only their fair share. This service can lead to significant savings and financial relief for those burdened by high property taxes.

Property Tax Bills Across Manville, Somerset County, New Jersey

Source: Ownwell

$4,735

$12,659

$20,582

Median Manville Tax Bill

$7,495

Median Somerset County Tax Bill

$9,311

Median New Jersey Tax Bill

$8,227

Median United States Tax Bill

$2,400

Property Tax Bills Across Manville, Somerset County, New Jersey

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
08835	$4,992	$6,215	$7,495	$8,489	$9,435

Source: Ownwell