Grenloch, Gloucester County, New Jersey Property Taxes
Median Grenloch, NJ effective property tax rate: 2.83%, significantly higher than the national median of 1.02%, but slightly higher than the NJ state median of 2.82%.
Median Grenloch, NJ home value: $214,014
Median annual Grenloch, NJ tax bill: $6,061, $3,661 higher than the national median property tax bill of $2,400.
How are property taxes in Gloucester calculated?
Property taxes in Grenloch, 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 Grenloch’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Grenloch, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Grenloch, Gloucester County, New Jersey Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
3.6%
Estimate Property Tax Bill
$6,034
$5,599
Property Tax Rates Across Grenloch, Gloucester County, New Jersey
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 Grenloch Tax Rate
3.60%
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 Gloucester County Tax Rate
3.50%
Median Effective New Jersey Tax Rate
2.88%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Grenloch, Gloucester County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 08032 | 3.60% | 3.60% | 3.60% | 3.60% | 3.60% |
Source: Ownwell
Property Tax Assessment Values Across Grenloch, Gloucester County, New Jersey
When examining property taxes in Grenloch, 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 Gloucester 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 Gloucester County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of March. 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 Grenloch. For example, the median home price in Grenloch is $214,014, with tax bills ranging significantly across the county. Zip code 08032 has the highest median home price at $214,014.
Property Tax Assessment Values Across Grenloch, Gloucester County, New Jersey
Source: Ownwell
$104,000
$229,550
$355,100
Median Grenloch Market Value
$167,600
Median Gloucester County Market Value
$209,300
Median New Jersey Market Value
$288,200
Median United States Market Value
$235,294
Property Tax Assessment Values Across Grenloch, Gloucester County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 08032 | $129,520 | $150,800 | $167,600 | $201,800 | $229,340 |
Source: Ownwell
Property Tax Bills Across Grenloch, Gloucester County, New Jersey
In Grenloch, Gloucester County, NJ, property tax bills are calculated based on the assessed value of a home and the local tax rate. Unlike the national median property tax rate of 1.02%, New Jersey's rates are significantly higher, which results in a median tax bill of $6,061 in Grenloch. This figure is well above the national median property tax bill of $2,400, reflecting the state's overall higher taxation. Factors such as the home's market value and local government budget requirements influence these rates, thereby impacting homeowners' annual expenses. For many, this can be a substantial financial burden, especially when the tax bill reaches the 90th percentile at $8,163.
Ownwell offers a valuable service to homeowners by providing property tax appeal and exemption services. By analyzing property assessments and identifying potential discrepancies, Ownwell helps homeowners reduce their tax liabilities, ensuring they only pay their fair share. This assistance can lead to significant savings, easing the financial strain of high property taxes in Grenloch.
Median Grenloch Tax Bill
$6,014
Median Gloucester County Tax Bill
$7,097
Median New Jersey Tax Bill
$8,638
Median United States Tax Bill
$2,400
Property Tax Bills Across Grenloch, Gloucester County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 08032 | $4,732 | $5,421 | $6,014 | $7,255 | $8,245 |
Source: Ownwell