Changewater, Warren County, New Jersey Property Taxes
Median Changewater, NJ effective property tax rate: 3.77%, significantly higher than the national median of 1.02%, but lower than the New Jersey state median of 2.82%.
Median Changewater, NJ home value: $214,000
Median annual Changewater, NJ tax bill: $8,061, $5,661 higher than the national median property tax bill of $2,400.
How are property taxes in Warren County calculated?
Property taxes in Changewater, 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 Changewater’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Changewater, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Changewater, Warren County, New Jersey Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
4.03%
Estimate Property Tax Bill
$8,431
$7,824
Property Tax Rates Across Changewater, Warren County, New Jersey
Local government entities set property tax rates, which can vary significantly within a state due to differing budgetary needs and property values. Each year, counties estimate the budget required to provide essential services and divide that by the total value of all taxable property within their jurisdiction, resulting in the property tax rate. This process, though influenced by votes and laws, is the cornerstone of annual property tax rate determination.
In Changewater, Warren County, New Jersey, the effective property tax rate stands at 3.77%. This rate is notably higher than the national median property tax rate of 1.02% and significantly impacts the property tax bills residents receive. For homeowners, this means that property taxes in Changewater are among the highest in the nation, reflecting the county's financial requirements and property value assessments. Comparing this to the U.S. median property tax bill of $2,400, one can see the substantial difference in local tax burdens. Understanding these rates and how they are set is crucial for homeowners looking to manage their property tax obligations effectively.
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 Changewater Tax Rate
4.03%
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 Changewater, Warren County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 07831 | 3.96% | 4.03% | 4.03% | 4.03% | 4.03% |
Source: Ownwell
Property Tax Assessment Values Across Changewater, Warren County, New Jersey
When examining property taxes in Changewater, 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 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.
In Warren County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. 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 Changewater.
For example, the median home price in Changewater is $214,000, with tax bills ranging significantly across the county. Zip code 07831 has the highest median home price at $214,000.
Property Tax Assessment Values Across Changewater, Warren County, New Jersey
Source: Ownwell
$144,350
$238,125
$331,900
Median Changewater Market Value
$209,200
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 Changewater, Warren County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 07831 | $167,450 | $175,450 | $209,200 | $245,975 | $292,500 |
Source: Ownwell
Property Tax Bills Across Changewater, Warren County, New Jersey
Median Changewater Tax Bill
$8,439
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 Changewater, Warren County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 07831 | $6,630 | $6,995 | $8,439 | $9,923 | $11,826 |
Source: Ownwell