Wallpack Center, Sussex County, New Jersey Property Taxes
Median Wallpack Center, NJ effective property tax rate: 0.72%, significantly lower than the national median of 1.02%, but lower than the New Jersey state median of 2.82%.
Median Wallpack Center, NJ home value: $65,900
Median annual Wallpack Center, NJ tax bill: $476, $1,924 lower than the national median property tax bill of $2,400.
How are property taxes in Sussex calculated?
Property taxes in Wallpack Center, 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 Wallpack Center’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Wallpack Center, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Wallpack Center, Sussex County, New Jersey Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.16%
Estimate Property Tax Bill
$299
$278
Property Tax Rates Across Wallpack Center, Sussex County, New Jersey
Local government entities are responsible for setting tax rates, which can vary significantly within a state. Annually, each county calculates its necessary budget to provide essential services and divides this by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. While votes and laws play a role in setting these rates and budgets, this is essentially the annual process.
In Wallpack Center, located in Sussex County, the effective property tax rate is 0.72%, which is considerably lower than the national median property tax rate of 1.02%. This offers a more favorable environment for property owners compared to other regions across the country. When comparing this rate to other cities in New Jersey, Wallpack Center stands out with a more attractive rate, potentially leading to lower property tax bills for homeowners. This lower rate can make a significant difference for property owners, providing potential savings and making Wallpack Center an appealing location for those looking to minimize their property tax expenses.
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 Wallpack Center Tax Rate
0.16%
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 Wallpack Center, Sussex County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 07881 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across Wallpack Center, Sussex County, New Jersey
When examining property taxes in Wallpack Center, 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 Wallpack Center. For example, the median home price in Wallpack Center is $65,900, with tax bills ranging significantly across the county.
Property Tax Assessment Values Across Wallpack Center, Sussex County, New Jersey
Source: Ownwell
$171,600
$294,725
$417,850
Median Wallpack Center Market Value
$187,100
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 Wallpack Center, Sussex County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 07881 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Wallpack Center, Sussex County, New Jersey
In Wallpack Center, NJ, property tax bills are calculated based on the assessed value of homes, which is a percentage of the market value. With a median home price of $65,900, homeowners in this area face tax bills that vary considerably. The 25th percentile tax bill is $331, while the 75th percentile reaches $575, and the 90th percentile is $619. These figures highlight the significant variation in tax burdens, which can impact homeowners' finances.
The property tax rate in Wallpack Center is notably lower than the national median property tax rate of 1.02%. However, even with lower rates, the tax bill can still be a burden, particularly for those on a fixed income or with limited resources. Factors influencing tax bills include changes in assessed property value and local government budget needs.
Ownwell assists homeowners by offering property tax appeal and exemption services. By reviewing and potentially contesting the assessed values, Ownwell helps homeowners reduce their property tax bills, ensuring they pay only their fair share. This service can lead to significant savings, easing the financial strain on homeowners.
Property Tax Bills Across Wallpack Center, Sussex County, New Jersey
Source: Ownwell
$4,323
$7,475
$10,627
Median Wallpack Center Tax Bill
$259
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 Wallpack Center, Sussex County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 07881 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell