08103 Property Tax Rate

Property owners in ZIP code 08103 (Camden, New Jersey) pay a median of $1,735/year in property taxes on homes valued at $103,800. This translates to an effective tax rate of 1.67%, which is 18% below the New Jersey state average of 2.04%.

The monthly property tax burden for a median-valued home in 08103 is approximately $145, which factors into escrow payments on mortgages. This ZIP code is located within Camden County. This is $6,862 less than the New Jersey average of $8,597/year.

Compared to similar ZIP codes in New Jersey, 08103 has lower property taxes. ZIP codes with similar effective rates include 08820 (1.67%) and 07470 (1.68%).

In Camden, property taxes represent approximately 4.6% of the median household income of $37,563, providing context for the relative tax burden on homeowners in this area.

If you're considering purchasing a home in 08103, keep in mind that property taxes are based on the assessed value assigned by the local assessor, which may differ from the purchase price. In some states, properties are reassessed at or near the sale price upon transfer of ownership. For the most current tax information for a specific property, consult Camden County's tax assessor directly.