Andover, Warren County, New Jersey Property Taxes
Median Andover, NJ effective property tax rate: 2.42%, significantly higher than the national median of 1.02%, but lower than the New Jersey state median of 2.82%.
Median Andover, NJ home value: $331,700
Median annual Andover, NJ tax bill: $8,764, $6,364 higher than the national median property tax bill of $2,400.
How are property taxes in Warren calculated?
Property taxes in Andover, 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 Andover’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Andover, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Andover, Warren 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
$8,870
$8,231
Property Tax Rates Across Andover, Warren County, New Jersey
Local government entities are responsible for setting tax rates, which can vary significantly within a state. This variation is due to the fact that each year, counties estimate their required budget to provide essential services and divide that by the total value of all taxable property within their jurisdiction. This calculation determines the property tax rate. Although the process involves votes and laws to establish tax rates and budgets, this is essentially how it works annually.
Andover, located in Warren County, NJ, has an effective property tax rate that can be compared to other cities in New Jersey and the national median. With New Jersey’s median property tax rate standing at 2.42%, it significantly surpasses the national median of 1.02%. This means residents in Andover may face higher property tax bills compared to other parts of the country. Understanding these rates is crucial for property owners who wish to manage their expenses effectively. Comparing Andover’s tax rate to both state and national figures can provide valuable insights for residents and potential property buyers in the area.
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 Andover 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 Warren County Tax Rate
3.55%
Median Effective New Jersey Tax Rate
2.88%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Andover, Warren County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 07821 | 2.70% | 2.70% | 2.70% | 3.19% | 3.23% |
Source: Ownwell
Property Tax Assessment Values Across Andover, Warren County, New Jersey
When examining property taxes in Andover, 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 Warren 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 Warren 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 Andover.
For example, the median home price in Andover is $331,700, with tax bills ranging significantly across the county. 07821 has the highest median home price at $331,700.
Property Tax Assessment Values Across Andover, Warren County, New Jersey
Source: Ownwell
$144,350
$238,125
$331,900
Median Andover Market Value
$328,500
Median Warren County Market Value
$206,900
Median New Jersey Market Value
$288,200
Median United States Market Value
$235,294
Property Tax Assessment Values Across Andover, Warren County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 07821 | $217,370 | $251,050 | $328,500 | $409,675 | $455,290 |
Source: Ownwell
Property Tax Bills Across Andover, Warren County, New Jersey
Median Andover Tax Bill
$9,257
Median Warren County Tax Bill
$7,155
Median New Jersey Tax Bill
$8,638
Median United States Tax Bill
$2,400
Property Tax Bills Across Andover, Warren County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 07821 | $6,456 | $7,615 | $9,257 | $11,280 | $13,244 |
Source: Ownwell