Cherry Hill Property Taxes

Property taxes are a significant part of homeownership costs in Cherry Hill. Like the rest of New Jersey, Cherry Hill has higher property taxes than the national average, but those taxes fund one of the state's best school districts and comprehensive municipal services.

How Cherry Hill Property Taxes Work

New Jersey property taxes are calculated based on your property's assessed value multiplied by the local tax rate. Cherry Hill's tax rate is expressed as a dollar amount per $100 of assessed value. The total tax bill includes three main components:

• Municipal (Township) Tax — Funds township government, police, fire, public works, and local services.
• School Tax — The largest portion of your tax bill, funding Cherry Hill Public Schools. This is what makes Cherry Hill's schools excellent.
• County Tax — Funds Camden County services, including the county government, library system, and shared services.

The 2026 Tax Bill Breakdown from Cherry Hill Township shows the average homeowner has a home assessed at approximately $227,000 and pays around $10,800 to $11,280 per year in total property taxes. This reflects a roughly 5.2% increase over the prior year.

Understanding Your Assessment

Cherry Hill conducts property assessments to determine the value of your home for tax purposes. Your assessed value may differ from your home's market value. The ratio between assessed value and market value determines your effective tax rate.

If you believe your property is over-assessed, you have the right to file an appeal with the Camden County Board of Taxation. Appeals must typically be filed by April 1 of the tax year. Consulting with a tax professional or real estate attorney is recommended for assessment appeals.

Tax Comparison

Cherry Hill's effective tax rate of approximately 3.2% to 4.2% is higher than the New Jersey state median of about 2.88% and significantly higher than the national median of approximately 1.02%. However, this comparison should be weighed against the quality of schools, services, and community amenities that Cherry Hill provides.

Nearby communities have similar tax profiles: Haddonfield, Moorestown, and Voorhees all have comparable or higher tax rates. The key difference is the value residents receive in terms of school quality, safety, and community infrastructure.

Tips for Cherry Hill Homeowners

• Check your assessment annually to ensure it reflects your property's current value.
• Budget for increases — Cherry Hill taxes have increased approximately 5% annually in recent years.
• Homestead Rebate — New Jersey offers property tax relief programs for eligible homeowners. Check with the Division of Taxation.
• Senior freeze — Eligible senior citizens may qualify for the Property Tax Reimbursement (Senior Freeze) program.
• Keep records of all home improvements, as they may affect your assessment.

Taxes are a core part of the Cherry Hill home-ownership picture, so they come up across the site: see how they shape prices on the real estate market page, what they mean for your budget in the cost of living guide, and how they affect first-time buyers in the first-time buyer guide. Seniors should also check the senior living guide for the Senior Freeze program.