New Jersey, known for its diverse communities and rich history, often stands out for its high property taxes. However, not every town follows this trend. For those looking to maximize savings while enjoying the state’s offerings, here are the five towns with the lowest property taxes in NJ.
These towns provide a haven for homeowners seeking financial relief in one of the most taxed states in the U.S. Let’s explore these hidden gems and what makes them attractive to potential homebuyers.
Camden
Camden, a city often associated with its revitalization efforts and cultural heritage, surprisingly tops the list for the lowest property tax rates in New Jersey. Homeowners here enjoy a tax rate of just $1,994, making it an attractive option for those seeking affordability without sacrificing access to urban amenities.
Camden’s low taxes are partly due to ongoing efforts to stimulate economic growth and development, attracting both residents and businesses. The city’s strategic location across the river from Philadelphia offers convenient access to metropolitan benefits without the hefty price tag.
The local government has invested in infrastructure and community programs, further enhancing Camden’s appeal. For families and professionals alike, Camden offers an affordable and promising environment with much potential.
Woodbine Borough
Located in Cape May County, Woodbine Borough offers a rural charm with a property tax rate of $2,104. Known for its small-town feel, Woodbine provides residents with a tight-knit community atmosphere.
The borough’s commitment to maintaining low taxes is supported by efficient local governance and community involvement. Woodbine is surrounded by natural beauty, with access to state parks and outdoor recreational activities.
This makes it ideal for those who appreciate nature and tranquility. The local schools and public services receive strong community support, ensuring a high quality of life despite the low tax rates. Woodbine represents the best of both worlds: affordability and community spirit.
Teterboro Borough
Teterboro, nestled within Bergen County, is unique in its approach to property taxes. With a rate of $2,108, it stands out as a rarity within one of the state’s most expensive counties. This small borough has maintained its low tax rates through careful financial management and strategic zoning regulations.
Teterboro’s location is perfect for those needing proximity to New York City without the associated high costs. The borough is known for its aviation facilities, including the Teterboro Airport, which contributes to its economic stability.
Residents benefit from the borough’s focus on preserving residential areas and enhancing public safety and services. Teterboro offers a practical and affordable living option for professionals working in the nearby metropolis.
Lower Alloways Creek Township
In Salem County, Lower Alloways Creek Township boasts a property tax rate of $2,279. This township is knowing for its historic sites and scenic landscapes, offering a peaceful retreat from urban life.
The township’s approach to maintaining low property taxes involves efficient budgeting and prioritizing essential services. Residents enjoy a relaxed lifestyle with ample opportunities for outdoor activities, including fishing, hiking, and birdwatching.
The community is closely connecting, with events and festivals bringing people together throughout the year. For those seeking a slower pace of life with financial savings, Lower Alloways Creek Township is an excellent choice.
Audubon Park Borough
Audubon Park Borough, located in Camden County, features a property tax rate of $2,765, making it one of the most affordable areas in the county. This borough is characterizing by its cooperative housing model, which helps keep taxes low for its residents.
The cooperative housing community model allows residents to share costs and resources, contributing to the borough’s overall affordability. Audubon Park Borough, known for having some of the lowest property taxes in NJ, emphasizes sustainability and community engagement, creating a supportive environment for families and retirees.
Its close proximity to Philadelphia provides additional benefits, including job opportunities and cultural experiences. Audubon Park Borough is a testament to the advantages of cooperative living combined with low property taxes.
At NJLux Real Estate, we specialize in helping clients find their ideal homes in New Jersey’s most affordable areas. Whether you’re interested in Camden’s urban revival or Woodbine’s rural charm, our expertise and extensive property listings ensure you make the best choice for your needs.
Explore our featured listings and contact us today to start your journey toward owning a home with some of the lowest property taxes in NJ.
