Roselle Park, Union County, New Jersey Property Taxes

Name: Property Tax Bills Across Roselle Park, Union County, New Jersey
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Roselle Park, NJ effective property tax rate: 4.14%, significantly higher than the national median of 1.02%, but lower than the NJ state median of 2.82%.
Median Roselle Park, NJ home value: $251,500
Median annual Roselle Park, NJ tax bill: $10,235, $7,835 higher than the national median property tax bill of $2,400.

How are property taxes in Union County calculated?

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

Last Updated March 1, 2025

Roselle Park, Union County, New Jersey Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

4.14%

Estimate Property Tax Bill

$10,412

$9,662

Ownwell’s Roselle Park Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Roselle Park with just two data points. By entering your property's estimated assessed value, our calculator applies Roselle Park’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 Union County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Roselle Park, 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 Roselle Park’s effective property tax rate to other cities in New Jersey and the median property tax rates in New Jersey and the U.S. Roselle Park in Union County stands out with a median property tax rate significantly higher than both the state and national averages. This can be attributed to the local government's budgetary needs and the total taxable property value within the area. The effective property tax rate in Roselle Park is the highest in the state, emphasizing the importance of understanding local tax dynamics. Property owners in Roselle Park can benefit from appealing their property taxes to potentially lower their tax burden.

Property Tax Rates Across Roselle Park, Union County, New Jersey

Source: Ownwell

2.00%

6.64%

11.29%

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 Roselle Park Tax Rate

4.14%

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 Roselle Park, Union County, New Jersey

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
07204	3.75%	4.13%	4.14%	4.14%	4.14%

Source: Ownwell

Property Tax Assessment Values Across Roselle Park, Union County, New Jersey

When examining property taxes in Roselle Park, 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 Tax Assessor's Office 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 Roselle Park. For example, the median home price in Roselle Park is $251,500, with tax bills ranging significantly across the county. 07204 has the highest median home price at $251,500.

Property Tax Assessment Values Across Roselle Park, Union County, New Jersey

Source: Ownwell

$54,000

$394,450

$734,900

Median Roselle Park Market Value

$251,500

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 Roselle Park, Union County, New Jersey

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
07204	$190,860	$223,100	$251,500	$282,300	$315,240

Source: Ownwell

Property Tax Bills Across Roselle Park, Union County, New Jersey

In Roselle Park, Union County, NJ, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The median home price in Roselle Park is $251,500. The property tax rate is applied to this assessed value to calculate the annual tax bill. Homeowners in Roselle Park face a median tax bill of $10,235, significantly higher than the national median of $2,400. This disparity is due to the higher tax rate in New Jersey compared to the national median property tax rate of 1.02%. Factors such as local government budgets, school funding, and municipal services influence the tax rate. High property taxes can strain homeowners financially, making it essential to explore potential savings. Ownwell assists homeowners by identifying opportunities for property tax appeals and exemptions, potentially reducing their tax bills. By analyzing property assessments and market data, Ownwell ensures homeowners pay only their fair share, providing significant financial relief in a high-tax area like Roselle Park.

Property Tax Bills Across Roselle Park, Union County, New Jersey

Source: Ownwell

$4,283

$10,029

$15,775

Median Roselle Park Tax Bill

$10,235

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 Roselle Park, Union County, New Jersey

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
07204	$7,623	$9,023	$10,235	$11,542	$12,963

Source: Ownwell