Dunellen, Somerset County, New Jersey Property Taxes

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

Median Dunellen, NJ effective property tax rate: 2.26%, significantly higher than the national median of 1.02%, but lower than the New Jersey state median of 2.82%.
Median Dunellen, NJ home value: $913,500
Median annual Dunellen, NJ tax bill: $20,582, $18,182 higher than the national median property tax bill of $2,400.

How are property taxes in Somerset calculated?

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

Last Updated March 1, 2025

Dunellen, Somerset County, New Jersey Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.21%

Estimate Property Tax Bill

$25,721

$23,868

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

Property Tax Rates Across Dunellen, Somerset 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 and divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, this is the annual process in a nutshell. In Dunellen, located in Somerset County, NJ, the effective property tax rate stands at 2.26%. This is significantly higher than the national median property tax rate of 1.02% and the national median property tax bill of $2400. Comparatively, Dunellen's property tax rate is one of the highest in the area, reflecting the local government's budgetary needs and the overall value of taxable properties. This stark difference highlights the importance of understanding local tax rates and their impact on property owners. By effectively managing and appealing property taxes, homeowners can potentially reduce their financial burden and ensure they are not overpaying.

Property Tax Rates Across Dunellen, Somerset County, New Jersey

Source: Ownwell

1.27%

2.81%

4.36%

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 Dunellen Tax Rate

2.21%

Median Effective Somerset County Tax Rate

1.95%

Median Effective New Jersey Tax Rate

2.88%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Dunellen, Somerset County, New Jersey

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
08812	2.21%	2.21%	2.21%	2.21%	2.21%

Source: Ownwell

Property Tax Assessment Values Across Dunellen, Somerset County, New Jersey

When examining property taxes in Dunellen, 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 Somerset 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 Somerset 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 Dunellen. For example, the median home price in Dunellen is $913,500, with tax bills ranging significantly across the county. Zip code 08812 has the highest median home price at $913,500.

Property Tax Assessment Values Across Dunellen, Somerset County, New Jersey

Source: Ownwell

$230,000

$696,925

$1,163,850

Median Dunellen Market Value

$1,163,850

Median Somerset County Market Value

$480,100

Median New Jersey Market Value

$288,200

Median United States Market Value

$235,294

Property Tax Assessment Values Across Dunellen, Somerset County, New Jersey

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
08812	$636,030	$1,127,525	$1,163,850	$1,183,175	$1,201,620

Source: Ownwell

Property Tax Bills Across Dunellen, Somerset County, New Jersey

In Dunellen, NJ, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the local tax assessor and is meant to reflect the market value of the property. Dunellen homeowners face a median property tax bill of $20,582, significantly higher than the national median of $2,400. Tax bills can vary widely, with the 25th percentile at $19,362 and the 90th percentile reaching $23,434. These high tax bills can place a considerable financial burden on homeowners. Factors influencing the tax bill include changes in the real estate market and local government budget needs. Homeowners in Dunellen can benefit from appealing their property tax assessments, potentially lowering their tax obligations. Ownwell offers expertise in property tax appeals, helping homeowners navigate the complex process. By analyzing property assessments and identifying discrepancies, Ownwell can assist homeowners in reducing their tax bills, providing significant savings and financial relief.

Property Tax Bills Across Dunellen, Somerset County, New Jersey

Source: Ownwell

$4,926

$15,347

$25,768

Median Dunellen Tax Bill

$25,768

Median Somerset County Tax Bill

$10,186

Median New Jersey Tax Bill

$8,638

Median United States Tax Bill

$2,400

Property Tax Bills Across Dunellen, Somerset County, New Jersey

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
08812	$14,082	$24,963	$25,768	$26,195	$26,604

Source: Ownwell