08032 Property Tax Rate

Property owners in ZIP code 08032 (Grenloch, New Jersey) pay a median of $8,538/year in property taxes on homes valued at $305,000. This translates to an effective tax rate of 2.80%, which is 37% above the New Jersey state average of 2.04%.

The monthly property tax burden for a median-valued home in 08032 is approximately $712, which factors into escrow payments on mortgages. This ZIP code is located within Gloucester County.

Compared to similar ZIP codes in New Jersey, 08032 has higher property taxes. ZIP codes with similar effective rates include 08046 (2.80%) and 08628 (2.79%).

In Grenloch, property taxes represent approximately 4.4% of the median household income of $192,609, providing context for the relative tax burden on homeowners in this area.

New Jersey has no statewide property tax cap; Gloucester County assessments are determined locally and may increase each year without statutory limitation. The Homestead Benefit Program provides tax credits for primary residences with household income ≤$150,000 (or ≤$75,000 for seniors and disabled applicants) — apply to the Gloucester County Tax Board by June 1 to receive annual relief. Contact the Gloucester County Assessor within 30 days of closing to file your principal residence declaration and confirm your baseline assessed value.