U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > U.S. Forums > New Jersey
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
Old 03-18-2019, 08:14 AM
6 posts, read 18,330 times
Reputation: 11


Hello, I am a first time homebuyer, considering putting an offer on a house in Cranford, and am trying to figure out what property taxes will be. The listing for the house shows the property taxes for 2018. They seem low though based on the asking price for the house and what we would pay for the house. Is the property tax determined by the sales price we pay? If so, what is the formula for calculating this? (ie, what is the property tax rate for Cranford?)

Thanks in advance for any help!!
Rate this post positively Quick reply to this message

Old 03-18-2019, 08:39 AM
Location: NJ
4,940 posts, read 11,484,340 times
Reputation: 4547
Property taxes are not based on sales price. They are based on the town wide assessment. What you'll want to do is find out when is the last time Cranford did a town wide reassessment. If it has been many years then you could be hit with an adjustment during the next reassessment period.
Rate this post positively Quick reply to this message
Old 03-18-2019, 01:36 PM
3,305 posts, read 3,485,957 times
Reputation: 2584
Taxes are public knowledge, which means they're on the Zillow (or other real estate search) page for that address. So type in the address and you'll find out what the taxes were this year and the past 5 years or so.

In Cranford they're based on lot size and home amenities. Three bedrooms and two baths are going to have higher taxes than one bedroom and one bath, for example. The sales price has nothing to do with it.
Rate this post positively Quick reply to this message
Old 03-19-2019, 03:08 PM
Location: union county, nj
389 posts, read 623,171 times
Reputation: 164
if it was renovated in the last year, you may not have the updated taxes available on Zillow, etc.
Rate this post positively Quick reply to this message
Old 03-19-2019, 03:40 PM
2,161 posts, read 4,722,372 times
Reputation: 5516
The property taxes are not calculated by the sales price you pay.

Property taxes are calculated by multiplying the town's general tax rate by the assessed value of the property. The assessed value is a value assigned by the town tax assessor.

You can find assessed values of properties in this database:


According to the below, Cranford's 2018 general tax rate is 6.402%.


You can plug in any Cranford street address here, and find the property taxes billed through 2019 so far:

Rate this post positively Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.

Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply

Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > U.S. Forums > New Jersey
View detailed profiles of:

All times are GMT -6.

© 2005-2023, Advameg, Inc. · Please obey Forum Rules · Terms of Use and Privacy Policy · Bug Bounty

City-Data.com - Contact Us - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37 - Top