Collingswood’s property tax rate for 2025 is 2.231 per $100 of assessed value, with an effective tax rate of 2.438 per $100 of true market value.1New Jersey Department of the Treasury. 2025 General Tax Rates The rate dropped noticeably from prior years because the borough completed a revaluation that pushed assessed values closer to actual market prices. Your Collingswood NJ property tax bill is the rate applied to your assessment, paid in four quarterly installments, and reducible through appeals or state deduction programs if you qualify.
The 2025 Rate and Why It Looks Different
The general rate of 2.231 is the figure applied directly to your assessed value. The effective rate of 2.438 reflects the relationship between assessed values and true market values across the borough, and it is the better number to use if you are estimating taxes on a home you might buy at market price.
Collingswood’s equalization ratio for 2025 is 109.22%, meaning assessments across the borough sit slightly above market value on average.2New Jersey Department of the Treasury. Table of Equalized Valuations The borough undertook the revaluation because assessments had drifted away from market value.3Borough of Collingswood. Revaluation Program When assessments rise to reflect true value, the rate drops proportionally. Most homeowners end up paying roughly what they paid before, but the math on the bill looks different.
How Your Bill Is Calculated
Take your assessed value, divide it by 100, and multiply by the general rate. A home assessed at $300,000 works out to $300,000 ÷ 100 = 3,000, then 3,000 × 2.231 = $6,693 in annual property taxes.
Your assessed value shows up on the Notice of Assessment the borough mails by February 1 each year. If your property was revalued recently, that assessed value should be close to what the home would sell for. Under New Jersey law, each county tax administrator publishes an annual equalization table showing how each municipality’s assessments compare to true market value.4Justia Law. New Jersey Code 54-3-17 – Ratio of Assessment to Value; Equalization Table
Home improvements can also move your assessment. Projects that add livable square footage, such as finishing a basement or building an addition, typically trigger a reassessment when you pull a building permit. Basic maintenance and cosmetic work generally won’t.
When Payments Are Due and What Late Costs
New Jersey property taxes are paid quarterly. Due dates are February 1, May 1, August 1, and November 1. Each quarter carries a 10-day grace period, and if the 10th falls on a weekend or holiday the deadline extends to the next business day. Pay within the grace window and there is no penalty.
Once the grace period ends, interest attaches retroactive to the first of the month. The rate can reach 8% per year on the first $1,500 of delinquency and 18% per year on any amount above that. If your delinquency exceeds $10,000 at the end of the fiscal year, the municipality can add a further penalty of up to 6%.5Justia Law. New Jersey Code 54-4-67 At those rates, even a short delay is expensive.
If Taxes Go Unpaid
A balance still delinquent in the 11th month of the fiscal year can be placed into a tax sale. The municipality does not sell the property at this stage. It sells a tax lien certificate, which gives the buyer a lien for the unpaid taxes, interest, and fees.
Bidders at auction compete by bidding down the interest rate the property owner will owe on the certificate. To redeem, the owner pays the full balance plus interest and a redemption penalty of 2%, 4%, or 6% depending on the original certificate amount. If the municipality itself bought the certificate, it can begin foreclosure after six months. Other purchasers must wait two years before filing to foreclose.6FindLaw. New Jersey Code 54-5-86 If the owner never redeems, the lienholder can eventually take title through a court judgment.
This is where small debts turn into lost homes. Contacting the Collingswood tax collector before a lien goes to sale is the best chance to work out an arrangement.
Appealing Your Assessment
If you think your assessment is higher than your property’s market value, you can appeal to the Camden County Board of Taxation. The regular deadline is April 1 of the current tax year, and it may be extended to May 1 in a revaluation year, which applies to Collingswood.7NJ Division of Taxation. Assessment and Appeals Appeals must be received or filed online by 4:00 p.m. on the deadline. A postmark does not count.8Camden County, NJ. Frequently Asked Questions
Filing fees run from $5 to $150 depending on assessed value. The strongest evidence is comparable sales: three to five recent sales of similar homes in your area that sold below your assessed value. Comparables should match your property in square footage, age, and condition, and should have sold within the past 6 to 12 months. Documented condition problems like foundation damage or a failing roof also help, as do factual errors on your property record card such as wrong square footage or a feature you don’t actually have.
Algorithmic estimates from listing sites are not accepted as evidence. Neither is a general complaint that your taxes feel too high without comparable sales behind it.
If the county board rules against you, you have 45 days from the mailing of the judgment to appeal to the New Jersey Tax Court.8Camden County, NJ. Frequently Asked Questions Tax Court is more formal, and many homeowners bring in an attorney or tax appeal specialist at that stage.
Deductions and Relief That Lower the Bill
Several statutory deductions cut your bill directly if you qualify.
Senior Citizen or Disabled Person
Homeowners 65 or older, or those permanently and totally disabled, can claim a $250 annual deduction. The property must be your primary residence, and annual income (excluding Social Security or certain equivalent government pensions) cannot exceed $10,000.9Justia Law. New Jersey Code 54-4-8.41 – Deduction That income cap has not moved since 1983, so fewer households qualify each year.
Veteran
Honorably discharged veterans and their surviving spouses receive a $250 annual deduction. There is no income limit. You need to be a New Jersey resident, and the property must be your home.
Disabled Veteran Full Exemption
Veterans with a 100% permanent service-connected disability are fully exempt from property taxes on their primary residence. Qualifying conditions include paraplegia, total blindness, or loss of both limbs, along with any other disability the U.S. Department of Veterans Affairs rates as total and permanent.10Justia Law. New Jersey Code 54-4-3.30 – Disabled Veterans Property Tax Exemption This zeroes out the entire bill.
ANCHOR
The ANCHOR program pays direct property tax relief to eligible homeowners and renters based on residency, income, and age from 2025. Most eligible homeowners will have applications auto-filed and receive a confirmation letter in August 2026. If yours is not auto-filed, submit electronically or by mail before November 2, 2026.11NJ Division of Taxation. ANCHOR Program
Senior Freeze
Senior Freeze reimburses eligible senior and disabled residents for property tax increases above a frozen base year amount. You have to meet the income, age, and residency rules for every year from your base year through the current application year. The 2025 application deadline is also November 2, 2026.12NJ Division of Taxation. Senior Freeze – Property Tax Reimbursement
STAY NJ
STAY NJ is a newer state program that began issuing quarterly payments in 2026, distributed in February, May, August, and November, for qualifying senior residents. The program is still in early implementation, so check the NJ Division of Taxation site for current eligibility rules and benefit amounts before relying on it.