How much are property taxes in Elk Township, NJ?
Homeowners in Elk Township, NJ pay a median of $9,638 (±$1,240) a year in real estate taxes (2020–2024 American Community Survey, table B25103).
Homes with a mortgage pay a median of $9,213.
Homes without a mortgage pay a median of $10,000 or more.
That is about 2.8% of the median home value of $350,400.
In Elk Township, the median real estate tax went from $7,380 in 2015–2019 to $9,638 in 2020–2024 (+30.6%).
Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.
Figures last updated on .
- Median real estate taxes
- $9,638 (±$1,240)
- With a mortgage
- $9,213
- Without a mortgage
- $10,000 or more
- Share of median value
- 2.8%
Real estate taxes in Elk Township against Gloucester County, its state and the nation
| Elk Township | Gloucester County | New Jersey | United States | |
|---|---|---|---|---|
| Median real estate taxes | $9,638 (±$1,240) | $8,055 (±$100) | $9,590 (±$25) | $3,119 |
| Homes with a mortgage | $9,213 (±$1,178) | $8,228 (±$123) | $9,741 (±$29) | $3,489 |
| Homes without a mortgage | $10,000 or more | $7,734 (±$187) | $9,313 (±$48) | $2,576 |
| Median home value | $350,400 (±$50,089) | $310,400 (±$4,245) | $454,400 (±$1,150) | $332,700 |
In Elk Township, the median real estate tax is higher than in Gloucester County ($8,055).
It is not measurably different from New Jersey ($9,590).
It is higher than the national figure ($3,119).
In Gloucester County, Elk Township ranks 5 of 24 places with a published estimate, from highest to lowest median real estate taxes.
Statewide, it ranks 271 of 561.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
Taxes as a share of home value in Elk Township
The median tax ($9,638) is 2.8% of the median home value ($350,400).
Across Gloucester County the same ratio is 2.6%.
Across New Jersey it is 2.1%.
This is a ratio of two medians, a rough effective rate: not the tax rate or mill rate the town, county or school district sets, and not any one home’s bill.
Owners report what they paid and what they think their home is worth; the assessor’s office publishes the actual rates and assessments.
How property taxes in Elk Township have changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Median real estate taxes | $7,380 (±$697) | $9,638 (±$1,240) | +30.6% | No measurable change after inflation |
| Median home value | $224,900 (±$20,148) | $350,400 (±$50,089) | +55.8% | Up after inflation |
| Median owner cost with a mortgage | $2,337 (±$321) | $2,372 (±$133) | +1.5% | Down after inflation |
The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.
Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.
The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.
Median real estate taxes in places near Elk Township
| Place | Distance | Median real estate taxes | Compared with this place |
|---|---|---|---|
| Elk Township | — | $9,638 (±$1,240) | — |
| Glassboro Borough | 3.5 mi | $8,198 (±$265) | Lower |
| Richwood | 3.8 mi | $10,000 or more | — |
| Clayton Borough | 4.4 mi | $6,660 (±$722) | Lower |
| Upper Pittsgrove Township | 4.5 mi | $7,682 (±$707) | Lower |
| Mullica Hill | 4.9 mi | $9,744 (±$881) | Not measurably different |
| Elmer Borough | 5.0 mi | $6,687 (±$259) | Lower |
| Harrison Township | 5.1 mi | $10,000 or more | — |
| Pitman Borough | 5.1 mi | $8,231 (±$300) | Lower |
Nearby places with a measurably lower figure: Glassboro Borough, NJ ($8,198), Clayton Borough, NJ ($6,660), Upper Pittsgrove Township, NJ ($7,682).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median real estate taxes across Gloucester County, place by place
| Rank | Place | Median real estate taxes |
|---|---|---|
| 1 (tie) | Harrison Township | $10,000 or more |
| 1 (tie) | South Harrison Township | $10,000 or more |
| 1 (tie) | Wenonah Borough | $10,000 or more |
| 1 (tie) | Woolwich Township | $10,000 or more |
| 5 | Elk Township | $9,638 (±$1,240) |
| 6 | East Greenwich Township | $9,427 (±$645) |
| 7 | Woodbury Heights Borough | $8,910 (±$260) |
| 8 | Washington Township (Gloucester County) | $8,807 (±$174) |
| 9 | Mantua Township | $8,665 (±$649) |
| 10 | Pitman Borough | $8,231 (±$300) |
| 11 | Glassboro Borough | $8,198 (±$265) |
Showing 11 of 24 places in Gloucester County, ranked from highest to lowest.
Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.
Margins of error are at the 90% confidence level.
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Questions about Elk Township
How much are property taxes in Elk Township?
The median real estate tax paid by homeowners in Elk Township, NJ is $9,638 (±$1,240) a year (2020–2024 American Community Survey).
What is the property tax rate in Elk Township?
The Census Bureau does not publish tax rates; as a rough guide, the median tax paid is 2.8% of the median home value in Elk Township, and the actual rate is set by the town, county and school district.
Have property taxes in Elk Township gone up?
In Elk Township, the median real estate tax went from $7,380 in 2015–2019 to $9,638 in 2020–2024 (+30.6%).
Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.
Are property taxes in Elk Township higher than in Gloucester County?
In Elk Township, the median real estate tax is higher than in Gloucester County ($8,055).
It is not measurably different from New Jersey ($9,590).
It is higher than the national figure ($3,119).
Sources
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2020–2024 ACS 5-year estimates — Elk township, Gloucester County, New Jersey
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Elk township, Gloucester County, New Jersey
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2015–2019 ACS 5-year estimates — Elk township, Gloucester County, New Jersey
- Median Value (B25077), 2015–2019 ACS 5-year estimates — Elk township, Gloucester County, New Jersey
- Median Selected Monthly Owner Costs (B25088), 2015–2019 ACS 5-year estimates — Elk township, Gloucester County, New Jersey
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) and detailed tables (acs/acs5) for Elk township, Gloucester County, New Jersey (county subdivision:21060, in state:34 county:015).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are B25103_001E, B25103_001M, B25077_001E, B25077_001M, B25088_002E, B25088_002M from the 2019 release.
The API needs a free key.
B25103_001E, B25103_001M, B25103_002E, B25103_002M, B25103_003E, B25103_003M, DP04_0089E, DP04_0089M
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.
Figures last updated on .
Related
- Housing in Elk Township at a glance
- Median rent in Elk Township
- Income and affordability in Elk Township
- Home values in Elk Township
- Homeowner costs in Elk Township
- Types of homes in Elk Township
- Age of homes in Elk Township
- Heating fuel in Elk Township
- Commute and cars in Elk Township
- Crime reported to police in Elk Township
- Population growth in Elk Township
- Fair Market Rent in Elk Township
- New Jersey landlord and tenant rules
- Housing across Gloucester County
- New Jersey places ranked by property taxes
- Housing data for every place in New Jersey