Property Taxes Went Up In Cherry Hill: See The Latest Breakdown

CHERRY HILL, NJ — The average Cherry Hill homeowner paid nearly $10,000 in property taxes in 2025, with payments rising 5.2 percent over the year before, according to the latest state data.

The New Jersey Department of Community Affairs recently released 2025 tax tables that break down property taxes for every city and town in the state. Figures from past years are also available.

In 2025, the average Cherry Hill homeowner paid $9,874 in property taxes on a home valued at $227,125. That's a $491 increase from last year's average payment.

Property taxes in New Jersey are mainly made up of three parts: school, municipal and county. Here's how that played out for Cherry Hill taxpayers in 2025, according to state data:

• County share: 21.8 percent
• School share: 62.2 percent
• Municipal share: 16.1 percent

Property tax hikes can come down to a range of factors, including changes in funding from external sources. Cherry Hill Public Schools, for instance, received major reductions in state aid over the past two years. Read more: Why State Aid Cuts Could Be Longterm For Cherry Hill Schools

Here are some of the year-over-year changes that impacted Cherry Hill taxpayers:

TAXES PAID TO THE COUNTY

• Average annual payment: $2,187 in 2024; $2,149 in 2025
• Year-over-year change: decrease of 1.7 percent, totaling $38
• Tax rate: 1 percent in 2024; 0.9 percent in 2025

SCHOOL TAXES

• Average annual payment: $5,836 in 2024; $6,140 in 2025
• Year-over-year change: increase of 5.2 percent, totaling $304
• Tax rate: 2.6 percent in 2024, 2.7 percent in 2025

MUNICIPAL TAXES

• Average annual payment: $1,360 in 2024; $1,585 in 2025
• Year-over-year change: increase of 16.5 percent, totaling $225
• Tax rate: 0.6 percent in 2024, 0.7 percent in 2025

A high tax rate also isn't necessarily a bad thing, depending on the quality of services provided with that money, according to some experts.

"If you are comparing two cities and deciding which to live in, you might use property taxes as a factor," says an article in The Currency. "However, in addition to comparing the property tax rates, it’s also worth comparing the quality of the services the local government provides. There could be reasons why property taxes are higher in one area than in another."

But the rising cost of living had made it difficult for more residents to pay their bills. Property-tax delinquency in the United States ticked up to 5.1 percent last year — up from 4.5 percent in 2024 and an all-time low of 4.3 percent in 2019, according to research from Cotality.

Property taxes have risen by 27 percent during that six-year period.

"Many homebuyers assume that securing a mortgage means locking in stable monthly payments for the long term," Molly Boesel, senior principal economist at Cotality, said in a news release. "However, rising home values often lead to higher property taxes, and over the past six years, this has become a reality for many homeowners."

New Jersey's average annual property tax bill in the state last year was $10,570 — a 4.7 percent bump worth $475.

Inflation rose 2.7 percent in the year 2025, according to federal data.