Merchantville, Camden County, New Jersey Property Taxes

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Property Taxes in Merchantville, New Jersey

Median Merchantville, NJ effective property tax rate: 3.98%, significantly higher than the national median of 1.02%, but lower than the New Jersey state median of 2.82%.
Median Merchantville, NJ home value: $230,279
Median annual Merchantville, NJ tax bill: $8,911, $6,511 higher than the national median property tax bill of $2,400.

How are property taxes in Camden calculated?

Property taxes in Merchantville, 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 Merchantville’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Merchantville, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Merchantville, Camden County, New Jersey Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

5.07%

Estimate Property Tax Bill

$9,093

$8,438

Ownwell’s Merchantville Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Merchantville with just two data points.

By entering your property's estimated assessed value, our calculator applies Merchantville’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by Camden County — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations.

This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Camden County.

For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Merchantville, Camden County, New Jersey

Local government entities set tax rates, which can vary widely within a state. 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 Merchantville’s effective property tax rate to other cities in New Jersey and the median property tax rates in New Jersey and the U.S. Merchantville, located in Camden County, stands out with a significantly higher median property tax rate compared to the national median. With a rate of 3.98%, it surpasses the national median property tax rate of 1.02%. This higher rate reflects the county's budgeting needs and the overall value of taxable properties. Such a rate can impact homeowners, making it crucial to explore opportunities for property tax appeals or exemptions. Understanding these local tax dynamics can help residents manage their property tax obligations more effectively, ensuring they are not overburdened by their tax bills.

Property Tax Rates Across Merchantville, Camden County, New Jersey

Source: Ownwell

3.19%

4.32%

5.44%

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 Merchantville Tax Rate

5.07%

Median Effective Camden County Tax Rate

4.20%

Median Effective New Jersey Tax Rate

2.88%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Merchantville, Camden County, New Jersey

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
08109	4.27%	5.07%	5.07%	5.07%	5.07%

Source: Ownwell

Property Tax Assessment Values Across Merchantville, Camden County, New Jersey

When examining property taxes in Merchantville, 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 Camden 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 Camden 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 Merchantville.

For example, the median home price in Merchantville is $230,279, with tax bills ranging significantly across the county. Zip code 08109 has the highest median home price at $230,279.

Property Tax Assessment Values Across Merchantville, Camden County, New Jersey

Source: Ownwell

$45,000

$215,450

$385,900

Median Merchantville Market Value

$179,350

Median Camden County Market Value

$169,400

Median New Jersey Market Value

$288,200

Median United States Market Value

$235,294

Property Tax Assessment Values Across Merchantville, Camden County, New Jersey

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
08109	$120,060	$145,600	$179,350	$225,575	$276,280

Source: Ownwell

Property Tax Bills Across Merchantville, Camden County, New Jersey

In Merchantville, Camden County, NJ, property tax bills are calculated based on the assessed value of homes, which is then multiplied by the local tax rate. The median home price in Merchantville is $230,279, but property tax bills can vary significantly. The tax bill at the 25th percentile is $7,138, while at the 75th percentile, it rises to $11,408, and at the 90th percentile, it reaches $13,887. The median tax bill in this area is notably higher than the national median of $2,400, highlighting the substantial financial burden on homeowners. Several factors influence the tax bill, including changes in home values, local government budgets, and tax rates. Such high property taxes can strain homeowners' finances, making it essential to explore potential savings. Ownwell can assist homeowners in Merchantville by identifying opportunities for property tax appeals and exemptions, potentially lowering their tax bills. By leveraging expertise in local property tax laws, Ownwell helps homeowners navigate the complexities of the tax system and reduce their financial burden.

Property Tax Bills Across Merchantville, Camden County, New Jersey

Source: Ownwell

$1,538

$7,182

$12,826

Median Merchantville Tax Bill

$8,946

Median Camden County Tax Bill

$7,102

Median New Jersey Tax Bill

$8,638

Median United States Tax Bill

$2,400

Property Tax Bills Across Merchantville, Camden County, New Jersey

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
08109	$5,741	$7,204	$8,946	$11,417	$13,897

Source: Ownwell

Don't miss the deadline to appeal!

Dates
Appeal Deadline	April 1

Links
Camden Tax Assessor
Website	www.taxdatahub.com

Frequently Asked Property Tax Questions in Merchantville, New Jersey

How are property taxes calculated in Merchantville, New Jersey?

Property taxes in Merchantville, New Jersey are calculated by multiplying your property's assessed value by the applicable tax rate set by local taxing authorities. The assessed value is determined by the county assessor and may differ from your property's market value depending on local assessment ratios and exemptions.

How do I appeal my property taxes in Merchantville, New Jersey?

To appeal your property taxes in Merchantville, New Jersey, you typically need to file a formal protest or appeal with your local appraisal district or assessor's office by the stated deadline. You'll need evidence such as comparable sales, a recent independent appraisal, or documentation of property condition issues. Ownwell can handle this entire process for you.

What property tax exemptions are available in Merchantville, New Jersey?

Common property tax exemptions in Merchantville, New Jersey include homestead exemptions for primary residences, senior citizen exemptions, veteran exemptions, and disability exemptions. Exemption amounts and eligibility requirements vary by county. Contact your local appraisal district or check Ownwell for details specific to your property.

When are property taxes due in Merchantville, New Jersey?

Property tax deadlines in Merchantville, New Jersey vary by county but typically include an assessment notice period in spring or early summer, followed by an appeal deadline, and a tax payment due date in the fall or winter. Check with your county assessor's office for specific dates in your area.

How can Ownwell help reduce my property taxes in Merchantville, New Jersey?

Ownwell provides professional property tax appeal services in Merchantville, New Jersey. Our team analyzes your assessment, gathers evidence, files all paperwork, and represents you at hearings — all with no upfront cost. You only pay a percentage of your savings if we successfully lower your tax bill.