Fredon Township, Sussex County, New Jersey Property Taxes
Median Fredon Township, NJ effective property tax rate: 2.93%, significantly higher than the national median of 1.02%, but lower than the New Jersey state median of 2.82%.
Median Fredon Township, NJ home value: $369,250
Median annual Fredon Township, NJ tax bill: $10,801, $8,401 higher than the national median property tax bill of $2,400.
How are property taxes in Sussex calculated?
Property taxes in Fredon 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 Fredon Township’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Fredon Township, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Fredon Township, Sussex County, New Jersey Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
2.99%
Estimate Property Tax Bill
$10,644
$9,878
Property Tax Rates Across Fredon Township, Sussex County, New Jersey
Local government entities in New Jersey set property tax rates, which can vary significantly across different areas. This variation occurs because each county, such as Sussex, calculates its annual budget needs to provide essential services. The budget is then divided by the total assessed value of all taxable properties within the county, resulting in the property tax rate. While there are votes and regulations involved in setting these rates and budgets, this is essentially the yearly process.
In Fredon Township, located in Sussex County, the effective property tax rate is a notable figure to consider when comparing with other cities in New Jersey and the broader U.S. landscape. The median property tax rate in New Jersey stands at 2.93%, significantly higher than the national median rate of 1.02%. This makes New Jersey one of the states with the highest property tax rates in the country. Understanding these rates can help property owners in Fredon Township and beyond make informed decisions about their property investments and potential savings through property tax appeals.
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 Fredon Township Tax Rate
2.99%
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 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 Fredon Township, Sussex County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 07860 | 2.99% | 2.99% | 2.99% | 2.99% | 4.13% |
Source: Ownwell
Property Tax Assessment Values Across Fredon Township, Sussex County, New Jersey
When examining property taxes in Fredon 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 May. 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 Fredon Township.
For example, the median home price in Fredon Township is $369,250, with tax bills ranging significantly across the county. Zip code 07860 has the highest median home price at $369,250.
Property Tax Assessment Values Across Fredon Township, Sussex County, New Jersey
Source: Ownwell
$171,600
$294,725
$417,850
Median Fredon Township Market Value
$356,000
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 Fredon Township, Sussex County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 07860 | $132,730 | $254,475 | $356,000 | $427,550 | $460,500 |
Source: Ownwell
Property Tax Bills Across Fredon Township, Sussex County, New Jersey
Property Tax Bills Across Fredon Township, Sussex County, New Jersey
Source: Ownwell
$4,323
$7,475
$10,627
Median Fredon Township Tax Bill
$10,627
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 Fredon Township, Sussex County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 07860 | $6,330 | $7,761 | $10,627 | $12,762 | $13,746 |
Source: Ownwell