Neshanic Station, Hunterdon County, New Jersey Property Taxes

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

Median Neshanic Station, NJ effective property tax rate: 2.53%, significantly higher than the national median of 1.02%, but lower than the New Jersey state median of 2.82%.
Median Neshanic Station, NJ home value: $460,100
Median annual Neshanic Station, NJ tax bill: $11,643, $9,243 higher than the national median property tax bill of $2,400.

How are property taxes in Hunterdon calculated?

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

Last Updated March 1, 2025

Neshanic Station, Hunterdon County, New Jersey Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.6%

Estimate Property Tax Bill

$11,976

$11,113

Ownwell’s Neshanic Station Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Neshanic Station with just two data points. By entering your property's estimated assessed value, our calculator applies Neshanic Station’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 County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Neshanic Station, Hunterdon County, New Jersey

Local government entities are responsible for setting tax rates, and these can vary significantly within a state. Each year, counties determine their necessary budget to fund services and then divide this by the total assessed value of all taxable properties in their area, resulting in the property tax rate. Although votes and laws play a role in establishing these rates and budgets, this is the core of the annual process.

In Neshanic Station, located in Hunterdon County, NJ, the effective property tax rate is 2.53%. This is notably higher than both the New Jersey median rate and the national median property tax rate of 1.02%. Property owners in Neshanic Station face a significantly higher tax burden compared to the national average, which translates into higher annual property tax bills. This can impact homeowners' financial planning and property investment decisions. Understanding these rates is crucial for property owners seeking to manage expenses and maximize their property's value. By comparing these figures, homeowners can make informed decisions about property ownership and potential appeals or exemptions.

Property Tax Rates Across Neshanic Station, Hunterdon County, New Jersey

Source: Ownwell

2.21%

2.67%

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 Neshanic Station Tax Rate

2.60%

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 Neshanic Station, Hunterdon County, New Jersey

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
08853	2.60%	2.60%	2.60%	2.60%	2.60%

Source: Ownwell

Property Tax Assessment Values Across Neshanic Station, Hunterdon County, New Jersey

When examining property taxes in Neshanic Station, 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.

Assessment notices:

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 Neshanic Station.

For example, the median home price in Neshanic Station is $460,100, with tax bills ranging significantly across the county. 08853 has the highest median home price at $460,100.

Property Tax Assessment Values Across Neshanic Station, Hunterdon County, New Jersey

Source: Ownwell

$178,200

$350,100

$522,000

Median Neshanic Station Market Value

$460,600

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 Neshanic Station, Hunterdon County, New Jersey

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
08853	$250,060	$367,250	$460,600	$564,250	$721,120

Source: Ownwell

Property Tax Bills Across Neshanic Station, Hunterdon County, New Jersey

In Neshanic Station, Hunterdon County, NJ, property tax bills are determined by applying the local tax rate to the assessed value of a property. The assessed value is a percentage of the home's market value, which in this area has a median price of $460,100. Homeowners in Neshanic Station face a median property tax bill significantly higher than the national median, with amounts ranging from $9,351 at the 25th percentile to $18,022 at the 90th percentile. This variance is due to factors like property location, size, and market trends affecting assessed values. With the highest and lowest median tax bills both at $11,643, Neshanic Station's rates reflect the state's overall high property taxes. For homeowners, this can mean substantial annual expenses. However, Ownwell offers a solution by providing expert property tax appeal and exemption services. By leveraging our expertise, homeowners can potentially reduce their tax burden, ensuring they only pay their fair share and saving significantly on their property tax bills.

Property Tax Bills Across Neshanic Station, Hunterdon County, New Jersey

Source: Ownwell

$4,631

$8,527

$12,422

Median Neshanic Station Tax Bill

$11,966

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 Neshanic Station, Hunterdon County, New Jersey

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
08853	$6,499	$9,399	$11,966	$14,626	$18,742

Source: Ownwell