Kenilworth, Union County, New Jersey Property Taxes
Median Kenilworth, NJ effective property tax rate: 5.36%, significantly higher than the national median of 1.02%, but lower than the New Jersey state median of 2.82%.
Median Kenilworth, NJ home value: $170,900
Median annual Kenilworth, NJ tax bill: $8,974, $6,574 higher than the national median property tax bill of $2,400.
How are property taxes in Union calculated?
Property taxes in Kenilworth, 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 Kenilworth’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Kenilworth, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Kenilworth, Union County, New Jersey Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
5.36%
Estimate Property Tax Bill
$9,160
$8,500
Property Tax Rates Across Kenilworth, Union 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 Kenilworth’s effective property tax rate to other cities in New Jersey and the median property tax rates in New Jersey and the U.S. Kenilworth, located in Union County, stands out with a median property tax rate of 5.36%. This rate is significantly higher than the national median property tax rate of 1.02%. This stark difference highlights the importance of understanding local tax dynamics. For homeowners in Kenilworth, this means they are contributing more than five times the national average towards property taxes. Evaluating these rates is crucial for property owners looking to manage their expenses effectively. Whether you're a long-time resident or considering a move, understanding Kenilworth's tax landscape is essential for financial planning.
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 Kenilworth Tax Rate
5.36%
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
6.95%
Median Effective New Jersey Tax Rate
2.82%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Kenilworth, Union County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 07033 | 4.88% | 5.23% | 5.36% | 5.36% | 5.36% |
Source: Ownwell
Property Tax Assessment Values Across Kenilworth, Union County, New Jersey
When examining property taxes in Kenilworth, 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 Union 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 Union 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 Kenilworth. For example, the median home price in Kenilworth is $170,900, with tax bills ranging significantly across the county. Zip code 07033 has the highest median home price at $170,900.
Property Tax Assessment Values Across Kenilworth, Union County, New Jersey
Source: Ownwell
$54,000
$394,450
$734,900
Median Kenilworth Market Value
$170,900
Median Union County Market Value
$138,900
Median New Jersey Market Value
$282,900
Median United States Market Value
$235,294
Property Tax Assessment Values Across Kenilworth, Union County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 07033 | $142,600 | $154,000 | $170,900 | $206,500 | $245,000 |
Source: Ownwell
Property Tax Bills Across Kenilworth, Union County, New Jersey
In Kenilworth, NJ, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor's office. This assessed value is then multiplied by the local tax rate to determine the annual property tax bill. With a median home price of $170,900, Kenilworth homeowners face a median tax bill significantly higher than the national median of $2,400. The tax bill can range from the 25th percentile at $8,036 to the 90th percentile at $13,075, reflecting the variability based on property values and local tax rates.
Homeowners in Kenilworth can feel the financial pressure of these high property taxes. Ownwell offers valuable assistance by providing expert property tax appeal services. By analyzing your property's assessed value and comparing it to similar properties, Ownwell can identify discrepancies and work to reduce your tax bill. This service not only helps homeowners save money but also ensures they are not overpaying on their property taxes.
Median Kenilworth Tax Bill
$8,974
Median Union County Tax Bill
$10,366
Median New Jersey Tax Bill
$8,227
Median United States Tax Bill
$2,400
Property Tax Bills Across Kenilworth, Union County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 07033 | $7,394 | $8,036 | $8,974 | $10,883 | $13,075 |
Source: Ownwell