2021 Cinnaminson Property Taxes: See Full Breakdown

CINNAMINSON, NJ — Cinnaminson residents saw an average increase of 1.34 percent in their property tax bills in 2020, according to information provided by the state.

The average property tax bill in Cinnaminson was $7,878, according to information provided to Patch by the New Jersey Department of Community Affairs (DCA). The state broke down last year’s property tax bill as follows for Cinnaminson:

• Net tax valuation: $1,610,009,289
• County taxes before state aid: $6,250,484
• County Library Taxes: $555,501
• County Open Space: $363,600
• Total county levy: $7,169,585
• School budget: $36,843,156
• Local municipal purposes: $9,920,733
• Local municipal Open Space: $273,702
• Total local municipal tax levy: $10,194,435
• Levy on which tax rate is computed: $54,207,176
• County percent of tax levy: 13.2 percent
• School percent of tax levy: 68 percent
• Municipal percent of tax levy: 18.8 percent
• Calendar year Municipal tax rate (per $100 valuation): 0.616
• Calendar year Municipal Open Space rate (per $100 valuation): 0.017
• Calendar year Total municipal rate (per $100 valuation): 0.633
• Calendar year School rate (per $100 valuation): 2.288
• Calendar year County rate (per $100 valuation): 0.445
• Calendar year Total rate (per $100 valuation): 3.367
• Average residential property value: $233,980
• Average property taxes: $7,878
• Number of senior property tax deductions: 43
• Average senior property tax deductions: $250
• Number of disabled property tax deductions: 13
• Average disabled property tax deduction: $250
• Number of veteran's surviving spouse property tax deductions: 5
• Average veteran's surviving spouse property tax deduction: $250
• Number of veteran's property tax deductions: 454
• Average veteran's property tax deduction: $250
• Number of veteran's widow property tax deductions: 121
• Average veteran's widow property tax deduction: $250
• Number of disabled veterans and veterans widow exemptions: 50
• Average disabled veterans and veterans widow exemption: $7,731
• Number of Homestead Credits for 2017: 1,367
• Average Homestead Credit for 2017: $510
• Number of senior freeze tax credits for 2019: 423
• Average senior freeze tax credit: $1,380
• Number of property tax deductions for 2019: 4,359
• Average property tax deduction for 2019: $6,540
• Average tax savings for 2019: $171

On average, the state's property taxes rose 1 percent, from $8,953 to $9,112, between 2019 and 2020. It was lower than the 2 percent cap former Gov. Chris Christie put into effect in 2011, according to the analysis.

By contrast, between 2018 and 2019, the average homeowner's tax bill rose from $8,767 to $8,953, an increase of 2.12 percent.

The tax data tables also show that tax ratables rose 2 percent statewide since 20219, an increase above the five- and 10-year historical averages, with total ratables now at $1.118 trillion. The majority of municipalities in the state had average residential property tax decreases or increases under 2 percent.

"We're delivering on our promise to provide property tax stability while restoring New Jersey's fiscal standing and growing our economy," Gov. Phil Murphy has said. "Statewide property values have grown more in the first two years of my administration than at any point since the Great Recession. That's what we call progress."

Read more here: Every NJ Town’s Average Property Tax Bill In New 2021 List

With reporting by Tom Davis, Patch Editor