Wood Ridge, Bergen County, New Jersey Property Taxes
Property Taxes in Wood Ridge, New Jersey
Median Wood Ridge, New Jersey effective property tax rate: 2.83%, significantly higher than the national median of 1.02%, and lower than the New Jersey state median of 2.88%.
Median Wood Ridge, New Jersey home value: $354,700
Median annual Wood Ridge, New Jersey tax bill: $9,995, higher than the national median property tax bill of $2,400.
How are property taxes in Bergen calculated?
Property taxes in Wood Ridge, New Jersey 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 Wood Ridge's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Wood Ridge, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Wood Ridge, Bergen County, New Jersey Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
2.83%
Estimate Property Tax Bill
$10,038
$9,315
How Does the Wood Ridge Property Tax Calculator Work?
Use this Wood Ridge property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Wood Ridge's median effective tax rate of 2.83% — based on actual property records in Bergen County — to generate your estimate.
Enter your property's estimated assessed value — the figure used to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Wood Ridge's median effective rate across all local levies, providing a more accurate estimate than applying a single county millage rate.
Your bill may vary by ZIP code within Wood Ridge: rates range from 2.83% in 07075 to 2.83% in 07075, primarily due to differences in school district levies and local assessment districts.
For a more precise estimate, scroll down to explore ZIP code-level tax rate trends across Wood Ridge.
About Wood Ridge Property Taxes
About Property Taxes in Wood Ridge, Bergen, New Jersey
Wood Ridge’s median effective property tax rate of 2.83% is lower than the New Jersey state median of 2.88% and higher than the national median of 1.02%. This rate reflects the Bergen County base levy combined with local school district levies and special assessment districts that vary by subdivision throughout the city.
Property tax rates are not uniform across Wood Ridge. Homeowners in the 07075 ZIP code carry a median effective rate of 2.83%, while those in the same ZIP also pay 2.83%. This reflects how school district boundaries and local assessment districts are drawn across Bergen County. Understanding where you live in Wood Ridge can still help you better evaluate your annual tax bill, especially with a median home price of $354,700 and a median tax bill of $9,995.
Wood Ridge homeowners who believe their assessed value is too high can file a formal appeal with the Tax Assessor before the April 1, 2026 deadline each year.
If your estimated bill seems higher than expected, Ownwell can review your assessment and protest on your behalf. You only pay if we save you money.
Property Tax Rates Across Wood Ridge, Bergen County, New Jersey
As noted earlier, local government entities set tax rates, which can vary widely within a state.
Why? 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.
Below, you can compare Wood Ridge's effective property tax rate to other cities in New Jersey and the median property tax rates in New Jersey and the U.S.
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 Wood Ridge Tax Rate
2.83%
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 Bergen County Tax Rate
2.68%
Median Effective New Jersey Tax Rate
2.88%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Wood Ridge, Bergen County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 07075 | 2.45% | 2.82% | 2.83% | 2.83% | 2.83% |
Source: Ownwell
Property Tax Assessment Values Across Wood Ridge, Bergen County, New Jersey
When examining property taxes in Wood Ridge, New Jersey, 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 Bergen 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.
Assessment notices:
In Bergen County, assessment notices are sent in the spring each year. They'll typically reach your mailbox by the middle of February.
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 Wood Ridge.
For example, the median home price in Wood Ridge is $354,700, with tax bills ranging significantly across the county. 07075 has the highest median home price at $354,700.
Property Tax Assessment Values Across Wood Ridge, Bergen County, New Jersey
Source: Ownwell
$274,000
$1,234,400
$2,194,800
Median Wood Ridge Market Value
$354,700
Median Bergen County Market Value
$467,100
Median New Jersey Market Value
$288,200
Median United States Market Value
$235,294
Property Tax Assessment Values Across Wood Ridge, Bergen County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 07075 | $226,800 | $309,800 | $354,700 | $442,800 | $543,800 |
Source: Ownwell
Property Tax Bills Across Wood Ridge, Bergen County, New Jersey
Property tax bills in Wood Ridge are based on the assessed value of a home and the local tax rate set by the county, school district, and other taxing authorities. The bill is calculated by applying those rates to the property’s assessed value, which means homeowners with higher-valued homes generally pay more.
With a median home price of $354,700, property taxes in this area can be substantial. The median tax bill is $9,995, which is far above the national median property tax bill of $2,400 and the national median property tax rate of 1.02%. That difference shows how much local assessments and tax rates can affect what homeowners owe.
Homeowners should also know that tax bills can vary widely. The 25th percentile tax bill is $8,709, while the 75th percentile is $12,102, and the 90th percentile reaches $15,125. These differences reflect changes in assessed value and local tax levies, which can significantly impact monthly housing costs and overall affordability.
Median Wood Ridge Tax Bill
$9,995
Median Bergen County Tax Bill
$11,614
Median New Jersey Tax Bill
$8,638
Median United States Tax Bill
$2,400
Property Tax Bills Across Wood Ridge, Bergen County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 07075 | $5,156 | $8,709 | $9,995 | $12,102 | $15,125 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | April 1 |
Links | |
|---|---|
| Bergen Tax Assessor | |
| Website | taxrecords-nj.com |