Stockton, Hunterdon County, New Jersey Property Taxes
Median Stockton, NJ effective property tax rate: 2.58%, significantly higher than the national median of 1.02%, but lower than the New Jersey state median of 2.82%.
Median Stockton, NJ home value: $377,950
Median annual Stockton, NJ tax bill: $9,521, $7,121 higher than the national median property tax bill of $2,400.
How are property taxes in Hunterdon calculated?
Property taxes in Stockton, 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 Stockton’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Stockton, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Stockton, Hunterdon County, New Jersey Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
2.68%
Estimate Property Tax Bill
$10,365
$9,618
Property Tax Rates Across Stockton, Hunterdon County, New Jersey
Local government entities set tax rates, which can vary widely within a state. Each county estimates its required budget to provide services annually 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 Stockton’s effective property tax rate to other cities in New Jersey and the median property tax rates in New Jersey and the U.S.
Stockton, located in Hunterdon County, has a notable property tax landscape. The median property tax rate here stands at 2.58%, which is significantly higher than the national median of 1.02%. This places Stockton among the regions with the highest property tax rates in the country. For homeowners, this translates to a property tax bill that is more than double the national median of $2,400. Understanding these rates is crucial for property owners who want to manage their finances effectively and explore potential savings through property tax appeals or exemptions.
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 Stockton Tax Rate
2.68%
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 Stockton, Hunterdon County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 08559 | 1.96% | 2.54% | 2.68% | 2.68% | 2.68% |
Source: Ownwell
Property Tax Assessment Values Across Stockton, Hunterdon County, New Jersey
When examining property taxes in Stockton, 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 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 Stockton. For example, the median home price in Stockton is $377,950, with tax bills ranging significantly across the county. 08559 has the highest median home price at $377,950.
Property Tax Assessment Values Across Stockton, Hunterdon County, New Jersey
Source: Ownwell
$178,200
$350,100
$522,000
Median Stockton Market Value
$386,750
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 Stockton, Hunterdon County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 08559 | $247,100 | $305,225 | $386,750 | $475,525 | $591,870 |
Source: Ownwell
Property Tax Bills Across Stockton, Hunterdon County, New Jersey
Median Stockton Tax Bill
$9,717
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 Stockton, Hunterdon County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 08559 | $6,446 | $7,770 | $9,717 | $11,843 | $15,194 |
Source: Ownwell