How to calculate condo property tax? (condos, assessor, new construction)

[OfficeDrone2014]

I've been looking at condos lately and was wondering how you would calculate the property tax per year for a condo. I'd like to know the ballpark figure of taxes before I seriously consider a particular condo unit. Sometimes the listings give a tax amount but I'd like to do my own calculations to be safe.

Does the formula involve multiplying the total assessed value of a condo unit by the current tax rate for the town?

For instance:
tax rate for town = 3 %
Land Assessment = $100,000
Building Assessment = $50,000

Would you multiply the total assessed value of $150,000 by the 3% tax rate to get a yearly tax amount of $4500?

Thanks

[Kevin1975]

Just go to: http://www.njactb.org/ to check the property taxes on the unit.

If its a brand new construction, the builder should be able to provide what the estimated taxes will be.

You could also call the town tax assessor for the taxes.

[novillero]

you can also google "datauniverse" and scroll down to: "N.J. Property Owners and Assessments" From there you can do a search of the property and see what they are paying in taxes in the past year.

[Ivan Putski]

Correct.

Assessed Value X General Tax Rate for the town = Tax Bill

NJ Division of Taxation - General Tax Rates by County and Municipality