Great Meadows, Warren County, New Jersey Property Taxes
Median Great Meadows, NJ effective property tax rate: 3.12%, significantly higher than the national median of 1.02%, but lower than the NJ state median of 2.82%.
Median Great Meadows, NJ home value: $265,900
Median annual Great Meadows, NJ tax bill: $8,350, $5,950 higher than the national median property tax bill of $2,400.
How are property taxes in Warren calculated?
Property taxes in Great Meadows, 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 Great Meadows’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Great Meadows, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Great Meadows, Warren County, New Jersey Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
3.12%
Estimate Property Tax Bill
$8,296
$7,699
Property Tax Rates Across Great Meadows, Warren County, New Jersey
Local government entities set tax rates, which can vary widely within a state. This is because 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.
In Great Meadows, located in Warren County, NJ, the effective property tax rate stands at 3.12%, significantly higher than the national median property tax rate of 1.02%. This rate is among the highest in the state, making it important for property owners to explore potential tax appeals or exemptions. The high property tax rate reflects the county’s budgetary needs and the total value of taxable properties. Property owners in Great Meadows may benefit from consulting with a property tax expert to understand their options for reducing their tax burden. Comparing this to the national median property tax bill of $2400, residents in Great Meadows face a considerably higher tax obligation, highlighting the importance of strategic tax planning and appeals.
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 Great Meadows Tax Rate
3.12%
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 Great Meadows, Warren County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 07838 | 3.01% | 3.12% | 3.12% | 3.13% | 3.50% |
Source: Ownwell
Property Tax Assessment Values Across Great Meadows, Warren County, New Jersey
When examining property taxes in Great Meadows, 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 Great Meadows.
For example, the median home price in Great Meadows is $265,900, with tax bills ranging significantly across the county. ZIP code 07838 has the highest median home price at $265,900.
Property Tax Assessment Values Across Great Meadows, Warren County, New Jersey
Source: Ownwell
$150,800
$241,250
$331,700
Median Great Meadows Market Value
$265,900
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 Great Meadows, Warren County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 07838 | $165,400 | $210,775 | $265,900 | $322,400 | $364,570 |
Source: Ownwell
Property Tax Bills Across Great Meadows, Warren County, New Jersey
Property Tax Bills Across Great Meadows, Warren County, New Jersey
Source: Ownwell
$4,266
$8,172
$12,077
Median Great Meadows Tax Bill
$8,350
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 Great Meadows, Warren County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 07838 | $5,226 | $6,648 | $8,350 | $10,192 | $11,847 |
Source: Ownwell