08322 Property Tax Rate

Property owners in ZIP code 08322 (Franklinville, New Jersey) pay a median of $7,250/year in property taxes on homes valued at $280,400. This translates to an effective tax rate of 2.59%, which is 27% above the New Jersey state average of 2.04%.

The monthly property tax burden for a median-valued home in 08322 is approximately $604, which factors into escrow payments on mortgages. This ZIP code is located within Gloucester County. This is $1,347 less than the New Jersey average of $8,597/year.

Compared to similar ZIP codes in New Jersey, 08322 has higher property taxes. ZIP codes with similar effective rates include 08326 (2.59%) and 07513 (2.58%).

In Franklinville, property taxes represent approximately 6.2% of the median household income of $117,602, 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.