Ringwood, Passaic County, New Jersey Property Taxes
Property Taxes in Ringwood, New Jersey
Median Ringwood, New Jersey effective property tax rate: 4.03%, significantly higher than the national median of 1.02%, and higher than the New Jersey state median of 2.88%.
Median Ringwood, New Jersey home value: $282,900
Median annual Ringwood, New Jersey tax bill: $11,371, $8,971 higher than the national median property tax bill of $2,400.
How are property taxes in Passaic County calculated?
Property taxes in Ringwood, New Jersey 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 Ringwood's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Ringwood, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Ringwood, Passaic County, New Jersey Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
4.03%
Estimate Property Tax Bill
$11,401
$10,580
How Does the Ringwood Property Tax Calculator Work?
Use this Ringwood property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Ringwood's median effective tax rate of 4.03% — based on actual property records in Passaic County — to generate your estimate.
Enter your property's estimated assessed value — the figure the local assessment district uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Ringwood's median effective rate across all local levies, providing a more accurate estimate than applying a single county millage rate.
Your bill may vary by ZIP code within Ringwood: rates range from 4.03% in 07456 to 4.03% in 07456, primarily due to differences in school district levies and local assessment districts.
For a more precise estimate, scroll down to explore ZIP code-level tax rate trends across Ringwood.
About Ringwood Property Taxes
About Property Taxes in Ringwood, Passaic, New Jersey
Ringwood’s median effective property tax rate of 4.03% is higher than the New Jersey state median of 2.88% and higher than the national median of 1.02%. This rate reflects the Passaic County base levy combined with local school district levies and special assessment districts that vary by subdivision throughout the city.
Property tax rates are not uniform across Ringwood. Homeowners in the 07456 ZIP code carry a median effective rate of 4.03%, while those in the same ZIP code also pay 4.03%. This reflects how school district boundaries and local assessment districts are drawn across Passaic County. Understanding which part of Ringwood you live in can make a meaningful difference to your annual tax bill.
Ringwood homeowners who believe their assessed value is too high can file a formal appeal with the Tax Assessor before the April 1, 2026 deadline each year.
If your estimated bill above seems higher than expected, Ownwell can review your assessment and protest on your behalf. You only pay if we save you money.
Property Tax Rates Across Ringwood, Passaic County, New Jersey
As noted earlier, local government entities set tax rates, which can vary widely within a state.
Why? Because annually, each county 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 Ringwood's effective property tax rate to other cities in New Jersey and the median property tax rates in New Jersey and the U.S.
Our median effective property tax rate (tax bill Ă· 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 Ringwood Tax Rate
4.03%
Our median effective property tax rate (tax bill Ă· 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 Passaic County Tax Rate
4.90%
Median Effective New Jersey Tax Rate
2.88%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Ringwood, Passaic County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 07456 | 4.03% | 4.03% | 4.03% | 4.03% | 4.03% |
Source: Ownwell
Property Tax Assessment Values Across Ringwood, Passaic County, New Jersey
When examining property taxes in Ringwood, New Jersey, 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 Passaic County tax assessor 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 Passaic County, assessment notices are sent in the spring each year. They'll typically reach your mailbox by the middle of February.
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. The median home price in Ringwood is $282,900, and the median tax bill is $11,371, compared with the national median property tax rate of 1.02% and national median property tax bill of $2,400. Zip code 07456 has the highest median home price at $282,900.
Property Tax Assessment Values Across Ringwood, Passaic County, New Jersey
Source: Ownwell
$158,100
$271,100
$384,100
Median Ringwood Market Value
$282,900
Median Passaic County Market Value
$228,800
Median New Jersey Market Value
$288,200
Median United States Market Value
$235,294
Property Tax Assessment Values Across Ringwood, Passaic County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 07456 | $204,500 | $243,200 | $282,900 | $341,475 | $425,070 |
Source: Ownwell
Property Tax Bills Across Ringwood, Passaic County, New Jersey
Property tax bills in Ringwood are calculated using the assessed value of a home and the local tax rate set for Passaic County and other local taxing authorities. The assessed value is based on the market value of the property, and that figure is multiplied by the tax rate to determine the bill. For homeowners, this means that changes in market value or local budgets can directly affect how much is owed each year.
With a median home price of $282,900, Ringwood homeowners often face substantial property tax bills. The 25th percentile tax bill is $9,772, the 75th percentile is $13,735, and the 90th percentile reaches $17,106. The median tax bill in ZIP code 07456 is $11,371. Compared with the national median property tax rate of 1.02% and the national median property tax bill of $2,400, Ringwood homeowners typically pay much more, making accurate assessments especially important.
Median Ringwood Tax Bill
$11,371
Median Passaic County Tax Bill
$10,419
Median New Jersey Tax Bill
$8,638
Median United States Tax Bill
$2,400
Property Tax Bills Across Ringwood, Passaic County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 07456 | $8,231 | $9,772 | $11,371 | $13,735 | $17,106 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | April 1 |
Links | |
|---|---|
| Passaic Tax Assessor | |
| Website | www.taxdatahub.com |