Property Tax Calculator

Overview

New Jersey's real property tax is an ad valorem tax, or a tax according to value. The standard measure of property value is true value or market value, that is, what a willing, knowledgeable buyer would pay a willing, knowledgeable seller on the open market at a bona fide sale as of the statutory October 1 pretax year assessment date.

Property Taxes

County, municipal and school budget costs determine the amount of property tax to be collected. A town's general tax rate is calculated by dividing the total dollar amount it needs to raise, by school, county, municipality, etc, by the total assessed value of all its taxable property. An individual's property taxes are then calculated by multiplying that general tax rate by the assessed value of his particular property.

Rates

The tax rate for Nutley is the total of the rates for the school, county, county open space, and municipal. It is not just the municipal expenses that affect your property taxes.

Any questions regarding current tax assessment, veteran's deduction, and senior citizens deduction can be answered by the Tax Assessor's Office.

Property Tax Calculator Tool

Enter your 2020 and 2021 Property Assessment values in each box below and then hit CALCULATE to see the year's difference in your individual property tax bill.

Your assessed value is located on:

 

2020 Property Assessed Value:
2021 Property Assessed Value:
 
             
2020
Rate Per $100
Amount of Tax
2021
Rate Per $100
Amount of Tax Difference
County Tax 0.565 0.605
County Open Space 0.019 0.020
School Tax 1.806 1.936
Municipal Library 0.041 0.043
Municipal Tax 1.251 1.240
TOTAL TAX 3.682 3.844