Andover, Sussex County, New Jersey Property Taxes

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

Median Andover, NJ effective property tax rate: 3.68%, significantly higher than the national median of 1.02%, but lower than the New Jersey state median of 2.82%.
Median Andover, NJ home value: $267,350
Median annual Andover, NJ tax bill: $9,592, $7,192 higher than the national median property tax bill of $2,400.

How are property taxes in Sussex calculated?

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

Last Updated March 1, 2025

Andover, Sussex County, New Jersey Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

3.86%

Estimate Property Tax Bill

$9,939

$9,224

Ownwell’s Andover Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Andover with just two data points. By entering your property's estimated assessed value, our calculator applies Andover’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 Sussex County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Andover, Sussex County, New Jersey

Local government entities set tax rates, and these can vary significantly within a state. This variation occurs because each county annually estimates the budget needed to provide essential services, then divides this by the total value of all taxable property in its jurisdiction, resulting in the property tax rate. Although votes and legislation play a role in setting these rates and budgets, this is essentially the yearly process.

In Andover, located in Sussex County, NJ, the property tax rate stands out compared to other regions. With a median property tax rate of 3.68%, it is significantly higher than the national median of 1.02%. Residents in Andover face a property tax bill that far exceeds the national median of $2400. This higher rate reflects the local government's budgetary needs and the total assessed value of properties in the area. Comparing Andover's rates to other cities in New Jersey and across the U.S. highlights the geographical disparities in property tax burdens. Understanding these differences is crucial for property owners considering the financial implications of living in or investing in this region.

Property Tax Rates Across Andover, Sussex County, New Jersey

Source: Ownwell

1.87%

2.92%

3.97%

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 Andover Tax Rate

3.86%

Median Effective Sussex County Tax Rate

2.89%

Median Effective New Jersey Tax Rate

2.88%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Andover, Sussex County, New Jersey

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
07821	1.93%	2.32%	3.86%	3.86%	3.86%

Source: Ownwell

Property Tax Assessment Values Across Andover, Sussex County, New Jersey

When examining property taxes in Andover, 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 Sussex 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. Assessment notices: In Sussex 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 Andover. For example, the median home price in Andover is $267,350, with tax bills ranging significantly across the county. 07821 has the highest median home price at $267,350.

Property Tax Assessment Values Across Andover, Sussex County, New Jersey

Source: Ownwell

$171,600

$294,725

$417,850

Median Andover Market Value

$257,500

Median Sussex County Market Value

$254,000

Median New Jersey Market Value

$288,200

Median United States Market Value

$235,294

Property Tax Assessment Values Across Andover, Sussex County, New Jersey

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
07821	$24,860	$176,200	$257,500	$395,600	$553,100

Source: Ownwell

Property Tax Bills Across Andover, Sussex County, New Jersey

In Andover, located in Sussex County, NJ, property tax bills are calculated based on the assessed value of a home and the local tax rate. With a median home price of $267,350, homeowners face a significant tax burden compared to the national median property tax bill of $2,400. The tax bill here can range widely, with the 25th percentile at $6,846 and the 90th percentile reaching $17,266. These figures highlight the impact of property taxes on homeowners in the area. Factors such as property size, improvements, and market conditions influence assessed values, which in turn affect tax bills. Ownwell can assist homeowners by providing expert property tax appeal and exemption services, potentially reducing tax bills. By analyzing individual property assessments and identifying discrepancies or opportunities for exemptions, Ownwell helps homeowners save money. This service is particularly beneficial in regions like Andover, where property tax bills are notably higher than the national average.

Property Tax Bills Across Andover, Sussex County, New Jersey

Source: Ownwell

$4,323

$7,475

$10,627

Median Andover Tax Bill

$8,512

Median Sussex County Tax Bill

$7,164

Median New Jersey Tax Bill

$8,638

Median United States Tax Bill

$2,400

Property Tax Bills Across Andover, Sussex County, New Jersey

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
07821	$643	$5,558	$8,512	$13,102	$16,967

Source: Ownwell