Byram Township, Sussex County, New Jersey Property Taxes

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

Median Byram Township, NJ effective property tax rate: 3.66%, significantly higher than the national median of 1.02%, but lower than the NJ state median of 2.82%. Median Byram Township, NJ home value: $245,500. Median annual Byram Township, NJ tax bill: $8,982, $6,582 higher than the national median property tax bill of $2,400.

How are property taxes in Sussex County calculated?

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

Last Updated March 1, 2025

Byram Township, Sussex County, New Jersey Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

3.66%

Estimate Property Tax Bill

$8,985

$8,338

Ownwell’s Byram Township Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Byram Township with just two data points. By entering your property's estimated assessed value, our calculator applies Byram Township’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 Byram Township, Sussex County, New Jersey

Local government entities set tax rates, which can vary widely within a state. 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 Byram Township’s effective property tax rate to other cities in NJ and the median property tax rates in NJ and the U.S. Byram Township in Sussex County has an effective property tax rate of 3.66%, which is significantly higher than the national median property tax rate of 1.02%. This high rate reflects the local fiscal requirements and property values. In fact, Sussex County's rate is among the highest in the state, indicating a robust demand for public services and infrastructure. By understanding these rates, property owners in Byram Township can better navigate their tax obligations and potentially explore avenues for appealing their assessments or seeking exemptions, ensuring they are not overpaying compared to the services they receive.

Property Tax Rates Across Byram Township, Sussex County, New Jersey

Source: Ownwell

2.81%

3.52%

4.23%

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 Byram Township Tax Rate

3.66%

Median Effective Sussex County Tax Rate

3.40%

Median Effective New Jersey Tax Rate

2.82%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Byram Township, Sussex County, New Jersey

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
07821	3.66%	3.66%	3.66%	3.66%	3.66%

Source: Ownwell

Property Tax Assessment Values Across Byram Township, Sussex County, New Jersey

When examining property taxes in Byram Township, 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.

In Sussex 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 Byram Township.

For example, the median home price in Byram Township is $245,500, with tax bills ranging significantly across the county. Zip code 07821 has the highest median home price at $245,500.

Property Tax Assessment Values Across Byram Township, Sussex County, New Jersey

Source: Ownwell

$156,900

$263,075

$369,250

Median Byram Township Market Value

$245,500

Median Sussex County Market Value

$229,300

Median New Jersey Market Value

$282,900

Median United States Market Value

$235,294

Property Tax Assessment Values Across Byram Township, Sussex County, New Jersey

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
07821	$128,470	$192,075	$245,500	$290,550	$362,520

Source: Ownwell

Property Tax Bills Across Byram Township, Sussex County, New Jersey

In Byram Township, Sussex County, NJ, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. With a median home price of $245,500, homeowners in Byram Township face property tax bills that can be significantly higher than the national median. The 25th percentile tax bill is $7,030, while the 75th percentile reaches $10,645, illustrating the potential financial burden on homeowners. Comparatively, the national median property tax bill is $2,400. This disparity highlights the importance of ensuring that your property is assessed accurately. Ownwell offers services to help homeowners in Byram Township potentially reduce their property tax bills. By reviewing your property's assessed value and identifying any discrepancies, Ownwell can assist in filing appeals or applying for exemptions, ultimately aiming to lower your tax liability and provide financial relief.

Property Tax Bills Across Byram Township, Sussex County, New Jersey

Source: Ownwell

$4,514

$7,658

$10,801

Median Byram Township Tax Bill

$8,982

Median Sussex County Tax Bill

$7,518

Median New Jersey Tax Bill

$8,227

Median United States Tax Bill

$2,400

Property Tax Bills Across Byram Township, Sussex County, New Jersey

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
07821	$4,702	$7,030	$8,982	$10,645	$13,246

Source: Ownwell