Property Taxes in Margate City, New Jersey
Median Margate City, 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 City, New Jersey home value: $433,650
Median annual Margate City, New Jersey tax bill: $7,404, higher by $5,004 than the national median property tax bill of $2,400.
How are property taxes in Atlantic calculated?
Property taxes in Margate City, 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 City's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Margate City, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
How Does the Margate City Property Tax Calculator Work?
Use this Margate City property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Margate City'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 City's median effective rate across all local levies, providing a more accurate estimate than applying a single county millage rate.
Margate City's bill is higher than the New Jersey median tax bill, with a median property tax bill of $7,404 compared with the state median property tax rate of 2.88%. The median bill is the same across ZIP code 08402, so your estimate should stay consistent within the city.
For a more precise estimate, scroll down to explore ZIP code-level tax rate trends across Margate City.
About Margate City Property Taxes
About Property Taxes in Margate City, Atlantic, New Jersey
Margate City’s median effective property tax rate of 1.71% is lower 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 City. Homeowners in the 08402 ZIP code carry a median effective rate of 1.71%, while those in the same ZIP code also pay 1.71%. This spread shows how school district boundaries and local assessment districts are drawn across Atlantic County. Understanding where you live in Margate City can make a meaningful difference to your annual tax bill.
Margate City 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 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 City, 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 City’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 City 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 City, 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 City, Atlantic County, New Jersey
When examining property taxes in Margate City, 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 are sent in January each year and typically reach your mailbox by the middle of the month. 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.
For example, the median home price in Margate City is $433,650, and the median tax bill is $7,404. That is well above the national median property tax bill of $2,400 and reflects the area’s higher property tax burden.
Property Tax Assessment Values Across Margate City, Atlantic County, New Jersey
Source: Ownwell
$16,800
$406,900
$797,000
Median Margate City Market Value
$433,650
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 City, Atlantic County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 08402 | $210,000 | $325,325 | $433,650 | $647,675 | $1,161,720 |
Source: Ownwell
Property Tax Bills Across Margate City, Atlantic County, New Jersey
Property tax bills in Margate City are calculated by applying the local tax rate to a home’s assessed value, which is based on its market value. For homeowners, that means the amount owed depends on how the property is valued and the tax rate set by local taxing authorities.
With a median home price of $433,650, property taxes can be a major part of the cost of owning a home in this area. The median tax bill in the 08402 ZIP code is $7,404, which is well above the national median property tax bill of $2,400 and the national median property tax rate of 1.02%.
Bills can vary widely from one home to another. In Margate City, the 25th percentile tax bill is $5,558, while the 75th percentile is $11,054 and the 90th percentile reaches $19,832. That spread shows how much assessed value and local rates can affect what homeowners pay each year.
Median Margate City Tax Bill
$7,404
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 City, Atlantic County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 08402 | $3,590 | $5,558 | $7,404 | $11,054 | $19,832 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | April 1 |
Links | |
|---|---|
| Atlantic Tax Assessor | |
| Website | www.taxdatahub.com |