Leesburg, Cumberland County, New Jersey Property Taxes

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

Median Leesburg, NJ effective property tax rate: 2.64%, significantly higher than the national median of 1.02%, but lower than the New Jersey state median of 2.82%.
Median Leesburg, NJ home value: $166,963
Median annual Leesburg, NJ tax bill: $4,420, $2,020 higher than the national median property tax bill of $2,400.

How are property taxes in Cumberland calculated?

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

Last Updated March 1, 2025

Leesburg, Cumberland County, New Jersey Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.89%

Estimate Property Tax Bill

$4,391

$4,075

Ownwell’s Leesburg Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Leesburg with just two data points. By entering your property's estimated assessed value, our calculator applies Leesburg’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 Leesburg, Cumberland County, New Jersey

Local government entities are responsible for setting property tax rates, which can vary widely within New Jersey. This variation occurs because each county estimates its annual budget to provide public services and divides that amount by the total value of all taxable properties within its jurisdiction. This calculation results in the property tax rate. Although the process involves voting and legislation to set these rates and budgets, this is essentially how it works each year.

In Leesburg, located in Cumberland County, the effective property tax rate is notably higher than the national median. At 2.64%, this rate is among the highest in New Jersey, which itself has one of the highest property tax rates in the country. This stands in stark contrast to the national median property tax rate of 1.02%. Homeowners in Leesburg face a significantly higher property tax burden compared to the national average, making it crucial for them to explore potential savings through property tax appeals and exemptions. Understanding these differences can help property owners make informed decisions about managing their property taxes effectively.

Property Tax Rates Across Leesburg, 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 Leesburg Tax Rate

2.89%

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 Leesburg, Cumberland County, New Jersey

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
08327	2.89%	2.89%	2.89%	2.89%	2.99%

Source: Ownwell

Property Tax Assessment Values Across Leesburg, Cumberland County, New Jersey

When examining property taxes in Leesburg, 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 Tax Assessor 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: 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 Leesburg. For example, the median home price in Leesburg is $166,963, with tax bills ranging significantly across the county. 08327 has the highest median home price at $166,963.

Property Tax Assessment Values Across Leesburg, Cumberland County, New Jersey

Source: Ownwell

$101,200

$171,225

$241,250

Median Leesburg Market Value

$151,950

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 Leesburg, Cumberland County, New Jersey

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
08327	$73,550	$119,925	$151,950	$189,625	$256,450

Source: Ownwell

Property Tax Bills Across Leesburg, Cumberland County, New Jersey

In Leesburg, Cumberland County, NJ, property tax bills are determined by assessing the property's market value and applying the local tax rate. Homeowners in this area experience a median property tax bill of $4,420, considerably higher than the national median of $2,400. The tax burden varies, with the 25th percentile paying around $3,559, while those in the 75th percentile face bills of approximately $5,409. At the 90th percentile, the tax bill can reach up to $6,594. These figures illustrate the significant impact property taxes have on homeowners' finances, often making them one of the largest annual expenses. Factors influencing tax bills include property market values, local government budgets, and school district funding needs. Ownwell can assist homeowners in Leesburg by identifying potential savings through property tax appeals and exemptions, ensuring they are not overpaying. With expertise in evaluating assessed values and navigating tax regulations, Ownwell helps homeowners reduce their tax burden, ultimately saving money and providing peace of mind.

Property Tax Bills Across Leesburg, Cumberland County, New Jersey

Source: Ownwell

$3,570

$5,361

$7,151

Median Leesburg Tax Bill

$4,495

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 Leesburg, Cumberland County, New Jersey

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
08327	$2,235	$3,484	$4,495	$5,677	$7,422

Source: Ownwell