Property Taxes in Cape May Point, New Jersey
Median Cape May Point, New Jersey effective property tax rate: 0.74%, significantly lower than the national median of 1.02%, and lower than the New Jersey state median of 2.88%.
Median Cape May Point, New Jersey home value: $677,300
Median annual Cape May Point, New Jersey tax bill: $5,066, $2,666 higher than the national median property tax bill of $2,400.
How are property taxes in Cape May calculated?
Property taxes in Cape May Point, 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 Cape May Point's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Cape May Point, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
How Does the Cape May Point Property Tax Calculator Work?
Use this Cape May Point property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Cape May Point's median effective tax rate of 0.74% — based on actual property records in Cape May County — to generate your estimate.
Enter your property's estimated assessed value — the figure used to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Cape May Point's median effective rate across all local levies, providing a more accurate estimate than applying a single county millage rate.
Your bill may vary by ZIP code within Cape May Point: rates range from 0.74% in 08212 to 0.74% in 08212, primarily due to differences in school district levies and local assessment districts.
For a more precise estimate, scroll down to explore ZIP code-level tax rate trends across Cape May Point.
About Cape May Point Property Taxes
About Property Taxes in Cape May Point, Cape May, New Jersey
Cape May Point’s median effective property tax rate of 0.74% is lower than the Cape May County median and higher than the New Jersey state median of 2.88%, while also lower than the national median of 1.02%. This rate reflects the Cape May 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 Cape May Point. Homeowners in the 08212 ZIP code carry a median effective rate of 0.74%, and the same ZIP also reflects a median tax bill of $5,066 and a median home price of $677,300. Understanding how your property is assessed can make a meaningful difference to your annual tax bill.
Cape May Point 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 Cape May Point, Cape May 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 Cape May Point'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 Cape May Point Tax Rate
0.74%
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 Cape May County Tax Rate
1.55%
Median Effective New Jersey Tax Rate
2.88%
Median Effective United States Tax Rate
1.27%
Property Tax Rates Across Cape May Point, Cape May County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 08212 | 0.74% | 0.74% | 0.74% | 0.74% | 1.12% |
Source: Ownwell
Property Tax Assessment Values Across Cape May Point, Cape May County, New Jersey
When examining property taxes in Cape May Point, 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 Cape May 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 Cape May County, assessment notices are sent in the spring each year. They'll typically reach your mailbox by the middle of February.
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 Cape May Point is $677,300, with tax bills ranging significantly across the county. 08212 has the highest median home price at $677,300.
Property Tax Assessment Values Across Cape May Point, Cape May County, New Jersey
Source: Ownwell
$152,600
$795,525
$1,438,450
Median Cape May Point Market Value
$677,300
Median Cape May County Market Value
$320,700
Median New Jersey Market Value
$288,200
Median United States Market Value
$274,101
Property Tax Assessment Values Across Cape May Point, Cape May County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 08212 | $337,000 | $561,050 | $677,300 | $793,450 | $1,064,500 |
Source: Ownwell
Property Tax Bills Across Cape May Point, Cape May County, New Jersey
How are property tax bills calculated in Cape May Point?
Property tax bills in Cape May Point are based on the assessed value of a home, which is then multiplied by the local tax rate set by taxing authorities. The median home price is $677,300, and that value helps explain why bills in the area can be substantial. Local tax bills are influenced by the home’s assessed market value, the tax rate, and any changes in local budgets or levies that fund schools, municipal services, and county operations.
What factors affect the final bill?
Homes with higher assessed values generally face higher property tax bills, while lower assessments can reduce the amount owed. In Cape May Point, the median tax bill is $5,066, with the 25th percentile at $4,259 and the 75th percentile at $5,921. That is well above the national median property tax bill of $2,400, showing how much more homeowners in this area may pay.
How does this affect homeowners?
Higher property taxes can raise the overall cost of owning a home and affect monthly budgeting, especially for owners with fixed incomes or second homes.
Property Tax Bills Across Cape May Point, Cape May County, New Jersey
Source: Ownwell
$3,097
$7,212
$11,326
Median Cape May Point Tax Bill
$5,066
Median Cape May County Tax Bill
$5,073
Median New Jersey Tax Bill
$8,638
Median United States Tax Bill
$3,209
Property Tax Bills Across Cape May Point, Cape May County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 08212 | $3,333 | $4,259 | $5,066 | $5,921 | $8,017 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | April 1 |
Links | |
|---|---|
| Cape May Tax Assessor | |
| Website | press.capemaycountynj.gov |