What to Know About Property Taxes in Medford, NJ

Homes in the Medford, NJ housing market are moving fast – roughly 23 days on the market before they’re gone, with a median sale price around $614,800 as of mid-2026. If you’re buying here, or you already own here, you need an honest look at what carrying this property actually costs.

The local tax bill is the number most buyers underestimate. New Jersey has some of the highest property tax rates in the country, and Medford doesn’t buck that trend. Understanding how the bill is calculated and when it’s due isn’t just useful background – it’s the difference between a budget that holds and one that doesn’t.

Current Property Tax Rates in Medford

Medford Township’s median effective property tax rate sits around 3.32%. For context, the New Jersey state median runs between 2.23% and 2.88% for 2026 depending on which source you’re looking at – either way, Medford is noticeably above it. That gap translates directly to your wallet: the median annual tax bill here typically falls somewhere between $10,210 and $12,430.

That total is divided among several local entities. On a home with an average assessed value of $336,684 in 2024, the municipal-only slice of the bill came to about $1,724 – just over 14% of the total. The rest flows to local schools, Burlington County services, and open space preservation. Before you make an offer, make sure you’re budgeting for all of it, not just the mortgage payment.

Medford vs. the Rest of New Jersey

New Jersey holds the distinction of having the highest effective property tax rate in the nation, but that number masks enormous variation from town to town. As of 2026, the average statewide homeowner’s bill crossed $10,000 for the first time. Medford’s local rate tends to push residents above that figure.

Calculating Your Tax Bill

Your tax bill is based on your home’s assessed value – the number the township assigns – not what the house would sell for today on the open market. Those two numbers are often quite different. Assessed values typically run lower than current market value, and you multiply that assessed figure by the local rate to get your annual obligation.

New Jersey expresses its tax rate per $100 of assessed value. If you pull the exact assessed value from township records, the math is straightforward.

Estimating by Home Value

With a median sale price of roughly $614,800 in Medford, it’s tempting to assume you’ll be taxed on that full amount. You won’t be. The township uses the official assessed value on file, not what you paid. You can look up the exact assessed value for any property in the 08055 ZIP code through municipal records.

Finding Records by Address

Burlington County makes this easy. Enter a Medford address into the county’s public database and you’ll see the current assessed value along with the exact taxes paid in prior years. That’s the most reliable way to project what a specific house will actually cost you to own.

Sales Tax in the Township

Beyond property taxes, you’ll pay sales tax on goods and services purchased in town. Medford follows New Jersey’s statewide rate of 6.625%. The state doesn’t allow municipalities to layer on a local sales tax above that – the one carve-out is for designated Urban Enterprise Zones, which don’t apply to Medford. So the 6.625% rate is what you’ll see uniformly across the 08055 ZIP code.

How to Pay Your Tax Bill

New Jersey property taxes are billed quarterly, due on February 1, May 1, August 1, and November 1. Medford Township lets you look up and pay through the Edmunds WIPP portal online.

You may get up to a 10-calendar-day grace period – but miss that window and interest accrues retroactively to the original due date. The penalty is 8% on the first $1,500 owed. Anything past due above $1,500 carries an 18% rate. It adds up fast, so set a reminder.

Using the Online Portal

The Edmunds WIPP system handles secure quarterly payments. You’ll need your block and lot number, or your property location, to access your account. It also shows your current balance and any accrued interest if a payment is running late.

Exemptions and Relief Programs

New Jersey offers three main property tax relief programs: the Senior Freeze, the ANCHOR program, and the newer Stay, NJ program. The good news is you can now apply for all three through a single combined PAS-1 application.

Stay, NJ reimburses 50% of a qualifying senior’s property tax bill, capped at $6,500 for 2025. Benefits you receive from ANCHOR and Senior Freeze can reduce the final Stay, NJ payment amount, so the programs interact – it’s worth understanding how they stack before you apply.

Senior Freeze Requirements

To qualify for the Senior Freeze, you need to be 65 or older – or receiving qualifying federal disability benefits – by December 31 of the base year. You must have owned and lived in the home since December 31 three years prior. There’s also an income cap: $172,475 for 2025.

Appealing Your Assessment

If your assessed value looks high compared to similar homes in Medford, you can appeal. A successful appeal brings the assessed value down, which brings your annual bill down with it.

Taxes on New Construction and Special Districts

A newly built home in Medford works a little differently on the tax side. Until the structure is complete and a certificate of occupancy is issued, the property is typically assessed as vacant land.

Once construction wraps, the township issues an added assessment bill to cover the value of the new structure for the remainder of the year. That supplemental bill often arrives outside the normal quarterly schedule – don’t be caught off guard by it.

Special Assessment Districts

Some properties carry additional special assessments tied to local improvements like new sidewalks or water lines. These are separate from the general property tax rate and billed specifically to the homeowners who benefit from the upgrade.

Comparing Taxes Across the State

Property taxes in New Jersey range wildly by location. Among the higher-taxed towns, Haddonfield saw an average municipal property tax bill of $17,761 in 2025. Millburn can run roughly $14,000 a year on a $400,000 home. On the other end, Cape May Point, Longport, and Walpack Township carry effective rates ranging from about 0.7% to 1.05%. Medford sits between those extremes – closer to the higher end of the state’s averages than the lower.

Frequently Asked Questions

How much are average property taxes for a single-family home in Medford, NJ?

The median annual property tax bill in Medford runs roughly $10,210 to $12,430. The township’s effective tax rate is approximately 3.32%.

Are Medford, NJ property taxes higher or lower than neighboring Burlington County towns?

Medford’s 3.32% effective rate is above the state median of 2.88%, putting it on the higher side of local averages. That said, it’s still lower than some nearby communities like Haddonfield.

Do Medford seniors or veterans qualify for any property tax relief programs or freezes?

Yes. Seniors can apply for the Senior Freeze, ANCHOR, and Stay, NJ programs through a single combined PAS-1 application. These programs offer reimbursements and can freeze eligible tax increases for qualifying residents 65 and older.

How do I appeal my property tax assessment in Medford Township if I think it is too high?

File an appeal with the Burlington County Board of Taxation. If it’s successful, your home’s assessed value gets lowered, which reduces your overall tax burden.

When are property tax bills mailed and payment installments due in Medford?

Property taxes are due quarterly in New Jersey: February 1, May 1, August 1, and November 1. The township may allow a 10-day grace period on those deadlines.

What is the penalty if I miss a property tax payment deadline in Medford?

Interest accrues retroactively to the original due date. The rate is 8% on the first $1,500 owed and 18% on any amount above that.