Property Taxes in Margate, New Jersey
Median Margate, New Jersey effective property tax rate: 1.71%, significantly lower than the national median of 1.02%, and lower than the New Jersey state median of 2.88%.
Median Margate, New Jersey home value: $432,250
Median annual Margate, New Jersey tax bill: $7,383, $4,983 higher than the national median property tax bill of $2,400.
How are property taxes in Atlantic calculated?
Property taxes in Margate, New Jersey are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.
Understanding Margate's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Margate, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
How Does the Margate Property Tax Calculator Work?
Use this Margate property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Margate's median effective tax rate of 1.71% — based on actual property records in Atlantic County — to generate your estimate.
Enter your property's estimated assessed value — the figure the local assessment system uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Margate's median effective rate across all local levies, providing a more accurate estimate than applying a single county millage rate.
Margate's median property tax rate is higher than New Jersey's 1.02% national median rate and the median property tax bill is $7,383, which is $4,983 higher than the state median bill. Your bill may vary by ZIP code within Margate, with 08402 showing the highest and lowest median tax bill at $7,383.
For a more precise estimate, scroll down to explore ZIP code-level tax rate trends across Margate.
About Margate Property Taxes
About Property Taxes in Margate, Atlantic, New Jersey
Margate’s median effective property tax rate of 1.71% is higher than the New Jersey state median of 2.88% and higher than the national median of 1.02%. This rate reflects the Atlantic County base levy combined with local school district levies and special assessment districts that vary by subdivision throughout the city.
Property tax rates are not uniform across Margate. Homeowners in the 08402 ZIP code carry a median effective rate of 1.71%, while those in the same ZIP code pay 1.71%. This spread — 0.00 percentage points across the same city — reflects how school district boundaries and local assessment districts are drawn across Atlantic County. Understanding which part of Margate you live in can make a meaningful difference to your annual tax bill.
Margate homeowners who believe their assessed value is too high can file a formal appeal with the Tax Assessor before the April 1, 2026 deadline each year.
If your estimated bill above seems higher than expected, Ownwell can review your assessment and protest on your behalf. You only pay if we save you money.
Property Tax Rates Across Margate, Atlantic County, New Jersey
As noted earlier, local government entities set tax rates, which can vary widely within a state.
Why? Because annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate.
While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.
Below, you can compare Margate's effective property tax rate to other cities in New Jersey and the median property tax rates in New Jersey and the U.S.
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Margate Tax Rate
1.71%
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Atlantic County Tax Rate
3.35%
Median Effective New Jersey Tax Rate
2.88%
Median Effective United States Tax Rate
1.27%
Property Tax Rates Across Margate, Atlantic County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 08402 | 1.71% | 1.71% | 1.71% | 1.71% | 1.71% |
Source: Ownwell
Property Tax Assessment Values Across Margate, Atlantic County, New Jersey
When examining property taxes in Margate, New Jersey, understanding the distinction between "market value" and "assessed value" is crucial.
The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Atlantic County tax assessor estimates the market value for tax purposes.
The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.
Assessment notices:
In Atlantic County, assessment notices are sent in January each year. They'll typically reach your mailbox by the middle of January.
Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Margate.
For example, the median home price in Margate is $432,250, with tax bills ranging significantly across the county. 08402 has the highest median home price at $432,250.
Property Tax Assessment Values Across Margate, Atlantic County, New Jersey
Source: Ownwell
$16,800
$406,900
$797,000
Median Margate Market Value
$432,250
Median Atlantic County Market Value
$188,800
Median New Jersey Market Value
$288,200
Median United States Market Value
$274,101
Property Tax Assessment Values Across Margate, Atlantic County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 08402 | $389,300 | $407,325 | $432,250 | $489,700 | $561,300 |
Source: Ownwell
Property Tax Bills Across Margate, Atlantic County, New Jersey
Property tax bills in Margate are calculated by applying the local tax rate to the assessed value of a home, which is based on the market value determined by the taxing authority. For homeowners in Atlantic County, the bill reflects both the value of the property and the local budgets that fund schools, municipal services, and other public needs.
With a median home price of $432,250, property taxes can have a significant impact on monthly housing costs. The median tax bill in the area is $7,383 in ZIP code 08402, while bills at the 25th and 75th percentiles range from $6,957 to $8,364. For higher-value homes, the 90th percentile reaches $9,587.
Because property taxes are tied to assessed value, homeowners may see their bills rise when home values increase or when local tax rates change. That makes understanding how the bill is calculated important for budgeting and for evaluating whether a tax assessment is accurate.
Median Margate Tax Bill
$7,383
Median Atlantic County Tax Bill
$5,994
Median New Jersey Tax Bill
$8,638
Median United States Tax Bill
$3,209
Property Tax Bills Across Margate, Atlantic County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 08402 | $6,649 | $6,957 | $7,383 | $8,364 | $9,587 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | April 1 |
Links | |
|---|---|
| Atlantic Tax Assessor | |
| Website | www.taxdatahub.com |