Here's How Much Moorestown Residents Pay In Property Taxes

MOORESTOWN, NJ - Moorestown residents saw an average property tax decrease of 0.17 percent, according to the state Department of Community Affairs. The decrease put the township at No. 513 among the state’s 566 towns in 2018, according to DCA statistics released this week. It was well below the state average of 0.89 percent.

While there was a decrease, the average property tax bill itself is still above average. According to the DCA, Moorestown residents pay an average of $11,241 in property taxes, putting it at No. 108 statewide. The average New Jersey resident pays $8,767 in property taxes.

Patch put together a list of all towns and their average annual property tax bills, from highest to lowest. Patch also put together the percentage tax bill increases and decreases from 2017 to 2018. Read more here: Every NJ Town’s Property Tax Bill In Newly Released List

Between 2017 and 2018, the average homeowner's tax bill rose to $8,767, an increase of less than 1 percent –an improvement over the 2016 hike of 2.3 percent. It was lower than the 2 percent cap former Gov. Chris Christie put into effect in 2011, according to the analysis.