Mount Royal, Gloucester County, New Jersey Property Taxes

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

Median Mount Royal, NJ effective property tax rate: 2.49%, significantly higher than the national median of 1.02%, but lower than the NJ state median of 2.82%.
Median Mount Royal, NJ home value: $320,371
Median annual Mount Royal, NJ tax bill: $7,984, $5,584 higher than the national median property tax bill of $2,400.

How are property taxes in Gloucester County calculated?

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

Last Updated March 1, 2025

Mount Royal, Gloucester County, New Jersey Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

3.08%

Estimate Property Tax Bill

$8,059

$7,478

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

By entering your property's estimated assessed value, our calculator applies MOUNT ROYAL’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 Gloucester County.

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

Property Tax Rates Across Mount Royal, Gloucester County, New Jersey

Local government entities set tax rates, which can vary widely within a state. This variation is due to each county estimating its required budget annually to provide services and dividing 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 Mount Royal’s effective property tax rate to other cities in New Jersey and the median property tax rates in New Jersey and the U.S.

Property Tax Rates Across Mount Royal, Gloucester County, New Jersey

Source: Ownwell

1.23%

3.25%

5.27%

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 Mount Royal Tax Rate

3.08%

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 Mount Royal, Gloucester County, New Jersey

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
08061	3.08%	3.08%	3.08%	3.08%	3.08%

Source: Ownwell

Property Tax Assessment Values Across Mount Royal, Gloucester County, New Jersey

When examining property taxes in Mount Royal, 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 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 Mount Royal. For example, the median home price in Mount Royal is $320,371, with tax bills ranging significantly across the county. Zip code 08061 has the highest median home price at $320,371.

Property Tax Assessment Values Across Mount Royal, Gloucester County, New Jersey

Source: Ownwell

$104,000

$229,550

$355,100

Median Mount Royal Market Value

$261,650

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 Mount Royal, Gloucester County, New Jersey

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
08061	$179,900	$214,650	$261,650	$335,000	$383,850

Source: Ownwell

Property Tax Bills Across Mount Royal, Gloucester County, New Jersey

In Mount Royal, Gloucester County, NJ, property tax bills are determined by assessing the property's market value and applying the local tax rate. The median home price in this region is $320,371, and with property tax rates in New Jersey being notably high, homeowners often face substantial tax bills. For example, the 25th percentile tax bill is $6,556, while the 75th percentile reaches $10,188. These figures illustrate how property taxes can significantly impact household budgets, especially when compared to the national median property tax bill of $2,400.

Ownwell assists homeowners by offering property tax appeal services, potentially reducing these hefty bills. By analyzing property assessments and identifying discrepancies, Ownwell helps ensure homeowners aren't overpaying. This service can lead to significant savings, allowing homeowners to allocate their resources more efficiently. With expertise in navigating the complexities of property tax assessments, Ownwell provides a valuable resource for those looking to manage their property tax expenses effectively.

Property Tax Bills Across Mount Royal, Gloucester County, New Jersey

Source: Ownwell

$3,009

$6,961

$10,912

Median Mount Royal Tax Bill

$8,047

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 Mount Royal, Gloucester County, New Jersey

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
08061	$5,528	$6,598	$8,047	$10,257	$11,735

Source: Ownwell