Belvidere, Warren County, New Jersey Property Taxes
Median Belvidere, NJ effective property tax rate: 2.29%, significantly higher than the national median of 1.02%, but lower than the New Jersey state median of 2.82%.
Median Belvidere, NJ home value: $188,200
Median annual Belvidere, NJ tax bill: $5,893, $3,493 higher than the national median property tax bill of $2,400.
How are property taxes in Warren calculated?
Property taxes in Belvidere, 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 Belvidere’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Belvidere, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Belvidere, Warren County, New Jersey Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
2.29%
Estimate Property Tax Bill
$4,310
$3,999
Property Tax Rates Across Belvidere, Warren County, New Jersey
Local government entities set tax rates, which can vary widely within a state. This variation occurs because each county annually estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. Though votes and laws are involved in setting tax rates and budgets, this is the annual process in a nutshell.
In Belvidere, located in Warren County, NJ, the effective property tax rate is significantly higher than the national median. While the national median property tax rate stands at 1.02%, Belvidere's rate is considerably above this figure. This makes it one of the areas with the highest property tax rates in the state. The median property tax rate in New Jersey is also higher than the national average, reflecting a trend seen across many New Jersey cities. Understanding these differences can be crucial for property owners and potential buyers when considering the financial implications of property ownership in different regions.
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 Belvidere Tax Rate
2.29%
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 Warren County Tax Rate
3.47%
Median Effective New Jersey Tax Rate
2.82%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Belvidere, Warren County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 07823 | 2.29% | 2.29% | 2.29% | 5.67% | 5.67% |
Source: Ownwell
Property Tax Assessment Values Across Belvidere, Warren County, New Jersey
When examining property taxes in Belvidere, 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 Belvidere.
For example, the median home price in Belvidere is $188,200, with tax bills ranging significantly across the county. Zip code 07823 has the highest median home price at $188,200.
Property Tax Assessment Values Across Belvidere, Warren County, New Jersey
Source: Ownwell
$150,800
$241,250
$331,700
Median Belvidere Market Value
$188,200
Median Warren County Market Value
$207,000
Median New Jersey Market Value
$282,900
Median United States Market Value
$235,294
Property Tax Assessment Values Across Belvidere, Warren County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 07823 | $94,700 | $127,550 | $188,200 | $260,300 | $337,340 |
Source: Ownwell
Property Tax Bills Across Belvidere, Warren County, New Jersey
Median Belvidere Tax Bill
$5,893
Median Warren County Tax Bill
$6,901
Median New Jersey Tax Bill
$8,227
Median United States Tax Bill
$2,400
Property Tax Bills Across Belvidere, Warren County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 07823 | $3,495 | $4,745 | $5,893 | $7,412 | $9,015 |
Source: Ownwell