Atlantic County Property Tax Rates
Here is a formatted table listing the Atlantic County Property Tax rates:
| Tax | Rate per 100$ of Assessed Value |
|---|---|
| County Tax | $0.493 |
| Municipal Tax | Varies by municipality |
| School Tax | Varies by school district |
Please note that the municipal and school tax rates vary depending on the specific municipality and school district. It is recommended to consult with a tax professional or local government representative for more accurate and up-to-date information.
Example of Atlantic County Property Tax Calculation
In Atlantic County, property tax is determined by multiplying the assessed value of the property by the tax rate. For example, if a property is assessed at $100,000 and the tax rate is 1.4%, the property tax amount would be $1,400. The assessed value is determined by the county assessor's office, which evaluates the property based on factors such as location, size, and condition. The tax rate is set by the county and local government to fund public services, including schools, roads, and emergency services. Property owners in Atlantic County receive a tax bill each year, which outlines the assessed value, tax rate, and amount due. It is important for property owners to understand the calculation of property tax in order to budget for this expense and ensure they are paying the correct amount.
If you want appeal your property tax assessment - contact your local tax assessor.
Who sets property tax rates in Atlantic County ?
In Atlantic County, property tax rates are set by the local government, specifically the County Board of Taxation. The rates are determined annually, usually in the fall, and are based on the assessed value of the property and the budget needs of the county. The County Board of Taxation is responsible for assessing the value of all properties within the county and determining the tax rate necessary to meet the county's budget. The rates are then applied to each property owner's assessed value to calculate their property tax bill. It's important for property owners to keep track of these rates and how they may affect their taxes from year to year.
When is Atlantic County Property Tax due ?
Atlantic County Property Tax is typically due on or before November 1st of each year.
There are several payment methods available for property owners in Atlantic County, including:
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Online: Property owners can pay their tax bills online through the Atlantic County Treasurer's website using a credit card or electronic check.
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Mail: Property owners can also mail their tax payments to the Atlantic County Treasurer's Office at P.O. Box 147, Mays Landing, NJ 08330. Payments should be made by check or money order and should be postmarked by November 1st to avoid penalties or interest charges.
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In Person: Property owners can make their tax payments in person at the Atlantic County Treasurer's Office located at 5901 Main Street, Mays Landing, NJ 08330. Payments can be made by cash, check, money order or credit card.
It's important to note that if the due date falls on a weekend or holiday, the deadline is extended to the next business day. Additionally, if a property owner does not pay their taxes by the due date, they may face penalties and interest charges.
If you have more questions - contact your local tax collector.
Homestead exemptions in Atlantic County ?
The table below shows the Homestead exemptions and deductions available for Atlantic County in New Jersey. These exemptions are designed to assist eligible homeowners in reducing their property tax burden.
| Exemption | Eligibility | Amount | Notes |
|---|---|---|---|
| Veteran Deduction | For honorably discharged wartime veterans or their unmarried surviving spouse | Up to $250 | Must provide proof of discharge and residency |
| Senior Freeze | For homeowners over 65 or receiving Social Security Disability Insurance | Maximum of $213 | Must have a household income under $89,013 |
| Disabled Person Deduction | For homeowners who are permanently and totally disabled | Up to $250 | Must provide proof of disability and residency |
| Surviving Spouse of Veteran Deduction | For unmarried surviving spouses of veterans | Up to $250 | Must provide proof of marriage, spouse’s death, and residency |
| Blind or Disabled Veteran Deduction | For honorably discharged wartime veterans who are blind or disabled | Up to $1,500 | Must provide proof of discharge, service-related disability, and residency |
| Homestead Rebate | For homeowners with a household income under $150,000 | Up to $1,000 | Must apply annually |
It is important to note that eligibility for these exemptions and deductions may vary based on individual circumstances. Homeowners should contact their local tax assessor’s office for more information on how to apply.
How is Atlantic County Property Tax penalty calculated ?
Atlantic County Property Tax Penalty Calculation:
Step 1: Determine the Due Date The due date for property tax payments in Atlantic County is February 1. If the payment is not received by that date, the taxes become delinquent.
Step 2: Calculate the Penalty The penalty for delinquent taxes in Atlantic County is 8% of the first $1,500 in taxes owed, plus an additional 18% for any amount greater than $1,500.
Example Calculation: Let's say a property owner owes $3,000 in property taxes and does not pay by February 1. The penalty calculation would be as follows:
- 8% of the first $1,500 = $120
- 18% of the remaining $1,500 = $270
- Total penalty = $120 + $270 = $390
Therefore, the property owner would owe a total of $3,390 ($3,000 in taxes plus $390 in penalty) for the delinquent taxes.
It's important to note that the penalty continues to accrue monthly until the taxes are paid in full. Any future payments will first be applied to the penalty and interest before being applied to the original tax balance.
By understanding the penalty calculation, property owners in Atlantic County can avoid late payments and additional costs.
We recommend contacting the Atlantic County Tax Office or a local tax professional for the most up-to-date and accurate information.