The 2015 real estate tax rate is $0.68 per $100.00 of assessed value. For example, based on a house assessed at $200,000 the property tax would be:
$200,000 ÷ $100 = $2,000
$2,000 x $.68 = $1,360 total annual tax
All real estate is assigned an assessed value by the Real Estate Assessment Office. Real estate is assessed at 100% of market value.
Active duty military personnel who own real property in Gloucester County are subject to the same real estate taxes as all other property owners. This applies irrespective of whether they also own property in their permanent place of residence.
The Board of Supervisors adopts a tax rate for real estate each year when the budget is approved. Real estate taxes are collected in two installments, but may be paid in full by June 30th if the taxpayer so desires. Bills for the first half are mailed in early June and are due June 30th. Second half bills are mailed in early November and are due on December 5th. A penalty of 10% is assessed if the bill is not paid by the due date. Interest at the rate of 10% per year accrues on unpaid balances.
Bills are mailed to the last known address. It is the taxpayer's responsibility to notify the Commissioner's Office as to where the tax bill is to be mailed. Failure to receive a tax bill does not relieve the taxpayer of the responsibility to pay his or her taxes on time.
If taxes are paid through a mortgage company escrow account, tax information is sent directly to the mortgage company, and a copy of the bill is mailed to the taxpayer. However, it remains the property owner's responsibility to be certain the taxes are paid on time. If the mortgage company indicated on the bill is incorrect, the property owner should forward the bill to the correct mortgage company.
For methods of payment of taxes, please click here.