Garwood, Union County, New Jersey Property Taxes
Property Taxes in Garwood, New Jersey
Median Garwood, New Jersey effective property tax rate: 2.70%, significantly lower than the national median of 1.02%, and lower than the New Jersey state median of 2.88%.
Median Garwood, New Jersey home value: $388,100
Median annual Garwood, New Jersey tax bill: $10,473, $8,073 higher than the national median property tax bill of $2,400.
How are property taxes in Union calculated?
Property taxes in Garwood, New Jersey 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 Garwood's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Garwood, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Garwood, Union County, New Jersey Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
2.7%
Estimate Property Tax Bill
$10,479
$9,724
How Does the Garwood Property Tax Calculator Work?
Use this Garwood property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Garwood's median effective tax rate of 2.70% — based on actual property records in Union County — to generate your estimate.
Enter your property's estimated assessed value — the figure the local appraisal district uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Garwood's median effective rate across all local levies, providing a more accurate estimate than applying a single county millage rate.
Your bill may vary by ZIP code within Garwood: rates range from 2.70% in 07027 to 2.70% in 07027, primarily due to differences in school district levies and local assessment districts.
For a more precise estimate, scroll down to explore ZIP code-level tax rate trends across Garwood.
About Garwood Property Taxes
About Property Taxes in Garwood, Union, New Jersey
Garwood’s median effective property tax rate of 2.70% is lower than the New Jersey state median of 2.88% and higher than the national median of 1.02%. This rate reflects the Union County base levy combined with local school district levies and special assessment districts that vary by subdivision throughout the city.
Property tax rates are not uniform across Garwood. Homeowners in the 07027 ZIP code carry a median effective rate of 2.70%, while those in the same ZIP code pay 2.70%. This reflects how school district boundaries and local assessment districts are drawn across Union County. Understanding where you live in Garwood can make a meaningful difference to your annual tax bill.
Garwood homeowners who believe their assessed value is too high can file a formal appeal with the Tax Assessor before the April 1, 2026 deadline each year.
If your estimated bill above seems higher than expected, Ownwell can review your assessment and protest on your behalf. You only pay if we save you money.
Property Tax Rates Across Garwood, Union County, New Jersey
As noted earlier, 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.
Below, you can compare Garwood's effective property tax rate to other cities in New Jersey and the median property tax rates in New Jersey and the U.S.
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 Garwood Tax Rate
2.70%
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 Union County Tax Rate
6.67%
Median Effective New Jersey Tax Rate
2.88%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Garwood, Union County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 07027 | 2.70% | 2.70% | 2.70% | 2.70% | 2.70% |
Source: Ownwell
Property Tax Assessment Values Across Garwood, Union County, New Jersey
When examining property taxes in Garwood, New Jersey, 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 Union County tax assessor 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 Union County, assessment notices are sent in the spring each year. They'll typically reach your mailbox by the middle of February.
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 Garwood.
For example, the median home price in Garwood is $388,100, with tax bills ranging significantly across the county. 07027 has the highest median home price at $388,100.
Property Tax Assessment Values Across Garwood, Union County, New Jersey
Source: Ownwell
$22,050
$381,925
$741,800
Median Garwood Market Value
$388,100
Median Union County Market Value
$177,800
Median New Jersey Market Value
$288,200
Median United States Market Value
$235,294
Property Tax Assessment Values Across Garwood, Union County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 07027 | $318,070 | $352,175 | $388,100 | $440,175 | $520,010 |
Source: Ownwell
Property Tax Bills Across Garwood, Union County, New Jersey
Property tax bills in Garwood are calculated by applying the local tax rate to a home’s assessed value, which is based on the market value of the property. That means the bill depends on both the value of the home and the tax rate set by local taxing authorities. For a median home price of $388,100, the property tax burden can be substantial, especially when compared with the $2,400 national median property tax bill.
Homeowners in Garwood should expect their tax bill to reflect more than just the house itself. Local budgets for schools, municipal services, and county needs all help determine the final amount. In Union County, the median property tax bill is $10,473, and Garwood’s bills fall within a range where the 25th percentile is $9,495, the 75th percentile is $11,846, and the 90th percentile reaches $14,018.
Because property taxes are tied to assessed value, even small changes in valuation can affect what homeowners owe each year.
Median Garwood Tax Bill
$10,473
Median Union County Tax Bill
$10,725
Median New Jersey Tax Bill
$8,638
Median United States Tax Bill
$2,400
Property Tax Bills Across Garwood, Union County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 07027 | $8,604 | $9,495 | $10,473 | $11,846 | $14,018 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | April 1 |
Links | |
|---|---|
| Union Tax Assessor | |
| Website | taxrecords-nj.com |