Here’s The ‘Average’ Property Tax Bill In The Caldwells

ESSEX COUNTY, NJ — If you owned the “average” home in Caldwell during 2020, you paid about $11,819 in property taxes, according to the latest round of state data.

Live in North Caldwell? The average homeowner paid $16,314. And in West Caldwell, the average homeowner paid $11,526.

The New Jersey Department of Community Affairs released its latest property tax tables earlier this month, including rates for the Caldwells. Read More: Every NJ Town's Average Property Tax Bill In New 2021 List

CALDWELL

Here’s how much Caldwell homeowners paid in 2020 (see information for other Essex County municipalities below):

• Average Residential Property Value – $421,758
• Average Total Property Taxes - $11,819
• Percentage Increase From 2019 – 0.62%

A property owner’s taxes are composed of three parts: county, school and municipal. Here’s how it broke down in Caldwell in 2020:

• Total Levy On Which Tax Rate Is Computed - $28,985,931
• Total County Levy – 19.5%
• Total School Levy - 51.8%
• Total Municipal Tax Levy - 28.7%

NORTH CALDWELL

Here’s how much North Caldwell homeowners paid in 2020:

• Average Residential Property Value – $687,137
• Average Total Property Taxes - $16,314
• Percentage Increase From 2019 –1.9%

Here’s how county, school and municipal taxes broke down in North Caldwell in 2020:

• Total Levy On Which Tax Rate Is Computed - $38,924,236
• Total County Levy –23.1%
• Total School Levy - 59.5%
• Total Municipal Tax Levy - 17.4%

WEST CALDWELL

Here’s how much West Caldwell homeowners paid in 2020:

• Average Residential Property Value – $441,355
• Average Total Property Taxes - $11,526
• Percentage Increase From 2019 – 1.36%

Here’s how county, school and municipal taxes broke down in West Caldwell in 2020:

• Total Levy On Which Tax Rate Is Computed - $59,595,314
• Total County Levy – 20.6%
• Total School Levy - 55.1%
• Total Municipal Tax Levy - 24.2%

Statewide, New Jersey property taxes rose an average of 1 percent between 2019 and 2020, going from $8,953 to $9,112. The tax data tables also show that tax ratables rose 2 percent statewide since 2019, an increase above the five- and 10-year historical averages, with total ratables now at $1.118 trillion.

• See related article: NJ Accountants Offer COVID Tax Advice For Residents, Businesses
• See related article: 3 New Tax Laws That Will Impact NJ Amid COVID-19 Crisis In 2021
• See related article: NJ's Richest Not Paying Fair Share For COVID Recovery, Groups Say

This article contains reporting from Tom Davis, Patch staff

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