How much are property taxes in Bergen County?

How do you calculate property tax in NJ?

A town’s general tax rate is calculated by dividing the total dollar amount it needs to raise to meet local budget expenses by the total assessed value of all its taxable property. An individual’s property taxes are then calculated by multiplying that general tax rate by the assessed value of his particular property.

What town in Bergen County has the lowest property taxes?

Teterboro Airport is located on 827 acres of land in the Bergen County boroughs of Teterboro and Moonachie. The average property tax bill in Teterboro was $2,068 in 2020, the lowest in Bergen County. The equalized tax rate in Alpine was 0.769 in 2020, the lowest in Bergen County.

How much is property tax in NJ?

To support that spending, New Jersey homeowners paid an average property tax bill of $9,112, according to the new data. That’s up nearly $160, or 1.8%, compared to 2019 figures.

Which town in NJ has the highest property taxes?

Here are the 30 N.J. towns with the highest property tax rates

  1. Woodlynne Borough. Equalized tax rate in Woodlynne Borough, Camden County, was: 7.384 in 2020.
  2. Salem. Equalized tax rate in Salem, Salem County, was 6.519 in 2020.
  3. Audubon Park. …
  4. Penns Grove. …
  5. Hi-nella. …
  6. Trenton. …
  7. Egg Harbor City. …
  8. Pleasantville. …
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How can I avoid paying property taxes in NJ?

Here are the programs that can help you lower property taxes in NJ: $250 veteran property tax deduction. 100% disabled veteran property tax exemption.

NJ Veterans Property Tax Exemption

  1. Be a homeowner.
  2. Be a legal resident of New Jersey.
  3. Have active duty service in the U.S. Armed Forces with an honorable discharge.

What town in Bergen County has the highest taxes?

Demarest

This Bergen County borough’s average tax bill was $21,377, a $773 hike over 2019′s $20,604 average bill.

What town in New Jersey has the lowest property taxes?

Here are the 30 N.J. towns with the lowest property tax bills

  • Shrewsbury.
  • Penns Grove. …
  • Cape May Point. …
  • Paulsboro. …
  • West Wildwood. …
  • Brooklawn. …
  • Middle. …
  • Phillipsburg. …

Why are NJ property taxes so high?

Property tax bills are high in communities with high property wealth because such places value high-quality government services and are willing and able to pay for them.

What is considered a good salary in NJ?

The overall average in New Jersey for what is considered to be middle class income for a family of four is between $60,000 and $177,000 a year.

Which county in New Jersey has the highest taxes?

High property taxes in New Jersey

Bergen County, the study noted, with a median home price of $459,200, has a median property tax that is highest in U.S. Census data, and five times the national average.