Hampton, Hunterdon County, New Jersey Property Taxes
Median HAMPTON, NJ effective property tax rate: 3.07%, significantly higher than the national median of 1.02%, but lower than the NJ state median of 2.82%.
Median HAMPTON, NJ home value: $298,200
Median annual HAMPTON, NJ tax bill: $9,778, $7,378 higher than the national median property tax bill of $2,400.
How are property taxes in Hunterdon calculated?
Property taxes in HAMPTON, 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 HAMPTON’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in HAMPTON, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Hampton, Hunterdon County, New Jersey Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
3.14%
Estimate Property Tax Bill
$10,670
$9,901
Ownwell’s Hampton Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Hampton with just two data points. By entering your property's estimated assessed value, our calculator applies Hampton’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 Hunterdon. Property owners in Hampton face a higher tax burden compared to the national median property tax bill of $2,400, making it crucial to explore ways to lower your tax obligations. For those interested in more localized information, please scroll down to explore city-level trends!
Property Tax Rates Across Hampton, Hunterdon County, New Jersey
Local government entities set tax rates, which can vary widely within a state. This is because each county annually 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 Hampton’s effective property tax rate to other cities in New Jersey and the median property tax rates in New Jersey and the U.S. Hampton, located in Hunterdon County, has a median property tax rate of 3.07%, which is significantly higher than the national median of 1.02%. This makes it one of the highest in the nation, reflecting the region's approach to funding public services. Despite the higher rate, understanding how these funds are utilized can offer insights into the quality of public services available. Being informed about these rates is crucial for property owners seeking to manage their tax liabilities effectively.
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 Hampton Tax Rate
3.14%
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 Hunterdon County Tax Rate
2.72%
Median Effective New Jersey Tax Rate
2.88%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Hampton, Hunterdon County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 08827 | 2.13% | 2.13% | 3.14% | 3.86% | 3.86% |
Source: Ownwell
Property Tax Assessment Values Across Hampton, Hunterdon County, New Jersey
When examining property taxes in Hampton, 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 Hunterdon 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 Hunterdon 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 Hampton. For example, the median home price in Hampton is $298,200, with tax bills ranging significantly across the county. Zip code 08827 has the highest median home price at $298,200.
Property Tax Assessment Values Across Hampton, Hunterdon County, New Jersey
Source: Ownwell
$178,200
$350,100
$522,000
Median Hampton Market Value
$339,800
Median Hunterdon County Market Value
$378,800
Median New Jersey Market Value
$288,200
Median United States Market Value
$235,294
Property Tax Assessment Values Across Hampton, Hunterdon County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 08827 | $189,240 | $239,750 | $339,800 | $521,575 | $678,120 |
Source: Ownwell
Property Tax Bills Across Hampton, Hunterdon County, New Jersey
In Hampton, NJ, property tax bills are calculated by applying the local tax rate to the assessed value of a home. With a median home price of $298,200, homeowners in Hampton face significantly higher tax bills compared to the national median. The median tax bill in Hunterdon County, where Hampton is located, is $9,778, which is notably higher than the national median property tax bill of $2,400. Factors influencing these tax bills include the property's assessed value and the local tax rate, which can vary annually. This high property tax burden can be challenging for homeowners, impacting their overall financial health.
Ownwell offers a solution by providing property tax appeal services. By leveraging their expertise, Ownwell helps homeowners identify potential discrepancies in their property assessments and file appeals to reduce their tax liabilities. This can result in significant savings, easing the financial strain on homeowners. With Ownwell's assistance, homeowners can ensure they are not overpaying on their property taxes, potentially lowering their bills and improving their financial outlook.
Median Hampton Tax Bill
$9,969
Median Hunterdon County Tax Bill
$10,258
Median New Jersey Tax Bill
$8,638
Median United States Tax Bill
$2,400
Property Tax Bills Across Hampton, Hunterdon County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 08827 | $5,913 | $7,742 | $9,969 | $12,867 | $16,297 |
Source: Ownwell