Property Tax Analysis for Cape May County, NJ
Property tax rates, assessment ratios, and appeal potential in Cape May County.
Effective Tax Rate
1.4%
Annual Tax Bill
$5,063
Monthly Escrow
$422
Tax Burden
6% of income
Tax Assessment Details
Current Assessment
Market Value$372,300
Est. Assessed Value$316,455
Assessment Ratio~85%
Effective Rate1.4%
Appeal Potential
Potential Annual Savings$759
5-Year Savings$3,795
vs National Averageabove (1.1%)
Appeal Success Rate~40-60%
About Property Taxes in Cape May County
Cape May County in New Jersey has an effective property tax rate of 1.4%, which is above the national average of 1.1%. On a median home value of $372,300, that translates to $5,063 annually or $422 per month in escrow.
Property tax assessments can often be successfully appealed. Our calculator models assessment ratios, comparable sales analysis, and appeal timing to estimate your potential savings with Monte Carlo simulation.
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