Dividing Creek, Cumberland County, New Jersey Property Taxes

Name: Property Tax Bills Across Dividing Creek, Cumberland County, New Jersey
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Dividing Creek, NJ effective property tax rate: 2.81%, significantly higher than the national median of 1.02%, but lower than the New Jersey state median of 2.82%.
Median Dividing Creek, NJ home value: $135,477
Median annual Dividing Creek, NJ tax bill: $3,804, $1,404 higher than the national median property tax bill of $2,400.

How are property taxes in Cumberland calculated?

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

Last Updated March 1, 2025

Dividing Creek, Cumberland County, New Jersey Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.9%

Estimate Property Tax Bill

$4,424

$4,105

Ownwell’s Dividing Creek Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Dividing Creek with just two data points. By entering your property's estimated assessed value, our calculator applies Dividing Creek’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your 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 Cumberland County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Dividing Creek, Cumberland 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.

In Dividing Creek, located in Cumberland County, NJ, the effective property tax rate is significantly higher than the national median. The median property tax rate here stands at 2.81%, which is considerably above the national median of 1.02%. This means that homeowners in Dividing Creek are likely paying higher property tax bills compared to the national average. The median property tax bill in the area is notably above the national median of $2400, reflecting the higher tax rate. This can have a substantial impact on homeowners, influencing decisions related to buying, selling, and maintaining properties. Understanding these local tax dynamics is crucial for property owners aiming to manage their expenses effectively.

Property Tax Rates Across Dividing Creek, Cumberland County, New Jersey

Source: Ownwell

2.86%

3.39%

3.92%

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 Dividing Creek Tax Rate

2.90%

Median Effective Cumberland County Tax Rate

3.18%

Median Effective New Jersey Tax Rate

2.88%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Dividing Creek, Cumberland County, New Jersey

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
08315	2.90%	2.90%	2.90%	2.90%	2.90%

Source: Ownwell

Property Tax Assessment Values Across Dividing Creek, Cumberland County, New Jersey

When examining property taxes in Dividing Creek, 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 Cumberland 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 Cumberland 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 Dividing Creek. For example, the median home price in Dividing Creek is $135,477, with tax bills ranging significantly across the county. 08315 has the highest median home price at $135,477.

Property Tax Assessment Values Across Dividing Creek, Cumberland County, New Jersey

Source: Ownwell

$101,200

$171,225

$241,250

Median Dividing Creek Market Value

$152,550

Median Cumberland County Market Value

$136,000

Median New Jersey Market Value

$288,200

Median United States Market Value

$235,294

Property Tax Assessment Values Across Dividing Creek, Cumberland County, New Jersey

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
08315	$70,120	$134,775	$152,550	$183,775	$210,400

Source: Ownwell

Property Tax Bills Across Dividing Creek, Cumberland County, New Jersey

In Dividing Creek, NJ, property tax bills are determined by the assessed value of a home multiplied by the local tax rate. Unlike the national median property tax rate of 1.02%, Dividing Creek homeowners face a higher median tax bill of $3,804, reflecting the region's specific tax rate and property values. The tax bill can vary significantly, with the 25th percentile at $2,894 and the 75th percentile at $4,587, indicating a broad range of property values and tax burdens within the area. Factors such as property size, location, and improvements can influence assessments, impacting the homeowner's tax bill. The financial burden of property taxes can be substantial, especially when compared to the national median tax bill of $2,400. Ownwell offers a solution for homeowners seeking to reduce this burden. By providing expert property tax appeal services, Ownwell can help ensure that homeowners are not overpaying, potentially leading to significant savings on their annual tax bills.

Property Tax Bills Across Dividing Creek, Cumberland County, New Jersey

Source: Ownwell

$3,570

$5,361

$7,151

Median Dividing Creek Tax Bill

$4,419

Median Cumberland County Tax Bill

$4,582

Median New Jersey Tax Bill

$8,638

Median United States Tax Bill

$2,400

Property Tax Bills Across Dividing Creek, Cumberland County, New Jersey

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
08315	$2,031	$3,904	$4,419	$5,324	$6,095

Source: Ownwell