Pottersville, Somerset County, New Jersey Property Taxes

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

Median Pottersville, NJ effective property tax rate: 1.35%, significantly higher than the national median of 1.02%, but lower than the New Jersey state median of 2.82%.
Median Pottersville, NJ home value: $527,700
Median annual Pottersville, NJ tax bill: $7,134, $4,734 higher than the national median property tax bill of $2,400.

How are property taxes in Somerset calculated?

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

Last Updated March 1, 2025

Pottersville, Somerset County, New Jersey Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.27%

Estimate Property Tax Bill

$8,383

$7,779

Ownwell’s Pottersville Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Pottersville with just two data points. By entering your property's estimated assessed value, our calculator applies Pottersville’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 Pottersville, Somerset County, New Jersey

Local government entities determine tax rates, which can vary significantly within a state. Each county calculates its required budget to provide essential services and divides it by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While voting and legislation play a role in setting these rates and budgets, this is the basic annual process.

In Pottersville in Hunterdon County, NJ, the effective property tax rate is 2.12%, which is notably higher than both the state's median property tax rate of 2.21% and the national median of 1.02%. This means that homeowners in Pottersville pay a higher percentage of their home's assessed value in property taxes compared to the average homeowner in the U.S.

For instance, a home assessed at $250,000 in Pottersville would incur a property tax bill of approximately $5,300, significantly higher than the national median property tax bill of $2,400. This comparison highlights the substantial variance in property tax obligations homeowners may face based on their location within the state.

Property Tax Rates Across Pottersville, 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 Pottersville Tax Rate

1.27%

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 Pottersville, Somerset County, New Jersey

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
07979	1.27%	1.27%	1.27%	1.27%	1.27%

Source: Ownwell

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

When examining property taxes in Pottersville, 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. Assessment notices: In Somerset 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 Pottersville. For example, the median home price in Pottersville is $527,700, with tax bills ranging significantly across the county.

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

Source: Ownwell

$230,000

$696,925

$1,163,850

Median Pottersville Market Value

$660,100

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 Pottersville, Somerset County, New Jersey

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
07979	$467,480	$512,350	$660,100	$775,400	$847,260

Source: Ownwell

Property Tax Bills Across Pottersville, Somerset County, New Jersey

In Pottersville, NJ, located in Somerset County, property tax bills are determined based on the assessed value of a home multiplied by the local tax rate. With a median home price of $527,700, homeowners in Pottersville experience property tax bills that often exceed the national median. For instance, the 25th percentile tax bill is $6,001, while the 75th percentile reaches $7,274. These figures highlight the significant financial burden on Pottersville homeowners compared to the national median property tax bill of $2,400. Factors influencing these tax bills include the property's assessed value, local government budgets, and school funding requirements. Such high property taxes can strain household budgets, making it essential for homeowners to ensure their assessments are accurate.

Ownwell offers a solution by providing expert property tax appeal and exemption services. By analyzing property assessments and identifying discrepancies, Ownwell helps homeowners potentially reduce their tax burdens, ensuring they only pay their fair share. This service can result in substantial savings, offering financial relief and peace of mind to Pottersville residents.

Property Tax Bills Across Pottersville, Somerset County, New Jersey

Source: Ownwell

$4,926

$15,347

$25,768

Median Pottersville Tax Bill

$8,383

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 Pottersville, Somerset County, New Jersey

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
07979	$5,937	$6,507	$8,383	$9,848	$10,760

Source: Ownwell