08323 Property Tax Rate

Property owners in ZIP code 08323 (Greenwich, New Jersey) pay a median of $8,085/year in property taxes on homes valued at $247,500. This translates to an effective tax rate of 3.27%, which is 60% above the New Jersey state average of 2.04%.

The monthly property tax burden for a median-valued home in 08323 is approximately $674, which factors into escrow payments on mortgages. This ZIP code is located within Cumberland County. This is $512 less than the New Jersey average of $8,597/year.

Compared to similar ZIP codes in New Jersey, 08323 has higher property taxes. ZIP codes with similar effective rates include 08063 (3.25%) and 07501 (3.29%).

In Greenwich, property taxes represent approximately 9.3% of the median household income of $87,000, providing context for the relative tax burden on homeowners in this area.

New Jersey has no statewide property tax cap; Cumberland County assessments are set locally and may increase annually without state restriction, with reassessment at sale. The Homestead Benefit Program provides property tax credits for households earning ≤$150,000 (or ≤$75,000 for seniors and disabled homeowners) on primary residences — apply to the Cumberland County Tax Board by June 1 each year. Register with the Cumberland County Assessor within 30 days of purchase to file your principal residence declaration and confirm your baseline assessment.