How much are property taxes in Silver Lake (Essex County), NJ?
Homeowners in Silver Lake (Essex County), NJ pay a median of $9,558 (±$1,640) a year in real estate taxes (2020–2024 American Community Survey, table B25103).
Homes with a mortgage pay a median of $10,000 or more.
Homes without a mortgage pay a median of $7,744.
That is about 2.1% of the median home value of $448,300.
In Silver Lake (Essex County), the median real estate tax went from $9,624 in 2015–2019 to $9,558 in 2020–2024 (−0.7%).
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
- $9,558 (±$1,640)
- With a mortgage
- $10,000 or more
- Without a mortgage
- $7,744
- Share of median value
- 2.1%
Real estate taxes in Silver Lake (Essex County) against Essex County, its state and the nation
| Silver Lake (Essex County) | Essex County | New Jersey | United States | |
|---|---|---|---|---|
| Median real estate taxes | $9,558 (±$1,640) | $10,000 or more | $9,590 (±$25) | $3,119 |
| Homes with a mortgage | $10,000 or more | $10,000 or more | $9,741 (±$29) | $3,489 |
| Homes without a mortgage | $7,744 (±$2,628) | $10,000 or more | $9,313 (±$48) | $2,576 |
| Median home value | $448,300 (±$81,702) | $524,100 (±$11,118) | $454,400 (±$1,150) | $332,700 |
In Silver Lake (Essex County), the median real estate tax is not measurably different from New Jersey ($9,590).
It is higher than the national figure ($3,119).
In Essex County, Silver Lake (Essex County) ranks 7 of 7 places with a published estimate, from highest to lowest median real estate taxes.
Statewide, it ranks 99 of 248.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
Taxes as a share of home value in Silver Lake (Essex County)
The median tax ($9,558) is 2.1% of the median home value ($448,300).
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 Silver Lake (Essex County) have changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Median real estate taxes | $9,624 (±$1,350) | $9,558 (±$1,640) | −0.7% | No measurable change after inflation |
| Median home value | $312,600 (±$47,225) | $448,300 (±$81,702) | +43.4% | No measurable change after inflation |
| Median owner cost with a mortgage | $2,898 (±$845) | $3,112 (±$1,222) | +7.4% | No measurable change 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 Silver Lake (Essex County)
| Place | Distance | Median real estate taxes | Compared with this place |
|---|---|---|---|
| Silver Lake (Essex County) | — | $9,558 (±$1,640) | — |
| Ampere North | 0.6 mi | $10,000 or more | — |
| Watsessing | 1.0 mi | $10,000 or more | — |
| East Orange | 1.8 mi | $9,970 (±$593) | Not measurably different |
| Bloomfield Township | 2.0 mi | $10,000 or more | — |
| Glen Ridge Borough | 2.0 mi | $10,000 or more | — |
| East Newark Borough | 2.2 mi | $8,470 (±$336) | Not measurably different |
| Orange | 2.9 mi | $10,000 or more | — |
| North Arlington Borough | 3.0 mi | $10,000 or more | — |
None of the nearby places differs measurably from this one on this figure.
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median real estate taxes across Essex County, place by place
| Rank | Place | Median real estate taxes |
|---|---|---|
| 1 (tie) | Ampere North | $10,000 or more |
| 1 (tie) | Brookdale | $10,000 or more |
| 1 (tie) | Pleasantdale | $10,000 or more |
| 1 (tie) | Short Hills | $10,000 or more |
| 1 (tie) | Upper Montclair | $10,000 or more |
| 1 (tie) | Watsessing | $10,000 or more |
| 7 | Silver Lake (Essex County) | $9,558 (±$1,640) |
Silver Lake (Essex County) is a census-designated place: an unincorporated community the Census Bureau draws for statistics, with no municipal government of its own.
It lies inside Belleville Township, whose figures include it.
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 Silver Lake (Essex County)
How much are property taxes in Silver Lake (Essex County)?
The median real estate tax paid by homeowners in Silver Lake (Essex County), NJ is $9,558 (±$1,640) a year (2020–2024 American Community Survey).
What is the property tax rate in Silver Lake (Essex County)?
The Census Bureau does not publish tax rates; as a rough guide, the median tax paid is 2.1% of the median home value in Silver Lake (Essex County), and the actual rate is set by the town, county and school district.
Have property taxes in Silver Lake (Essex County) gone up?
In Silver Lake (Essex County), the median real estate tax went from $9,624 in 2015–2019 to $9,558 in 2020–2024 (−0.7%).
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 Silver Lake (Essex County) higher than in Essex County?
In Silver Lake (Essex County), the median real estate tax 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 — Silver Lake CDP (Essex County), New Jersey
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Silver Lake CDP (Essex County), New Jersey
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2015–2019 ACS 5-year estimates — Silver Lake CDP (Essex County), New Jersey
- Median Value (B25077), 2015–2019 ACS 5-year estimates — Silver Lake CDP (Essex County), New Jersey
- Median Selected Monthly Owner Costs (B25088), 2015–2019 ACS 5-year estimates — Silver Lake CDP (Essex 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 Silver Lake CDP (Essex County), New Jersey (place:67590, in state:34).
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 .
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