Marmora, Cape May County, New Jersey Property Taxes

Name: Property Tax Bills Across Marmora, Cape May County, New Jersey
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Marmora, NJ effective property tax rate: 1.61%, significantly higher than the national median of 1.02%, but lower than the New Jersey state median of 2.82%.
Median Marmora, NJ home value: $315,664
Median annual Marmora, NJ tax bill: $5,045, $2,645 higher than the national median property tax bill of $2,400.

How are property taxes in Cape May calculated?

Property taxes in Marmora, NJ 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 Marmora’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Marmora, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Marmora, Cape May County, New Jersey Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.3%

Estimate Property Tax Bill

$5,854

$5,432

Ownwell’s Marmora Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Marmora with just two data points. By entering your property's estimated assessed value, our calculator applies Marmora’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Cape May County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Marmora, Cape May County, New Jersey

Local government entities set tax rates, which can vary widely within a state. 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 Marmora’s effective property tax rate to other cities in New Jersey and the median property tax rates in New Jersey and the U.S. Marmora, located in Cape May County, New Jersey, has a median property tax rate that stands out at 1.61%. This rate is notably higher than the national median property tax rate of 1.02%. Homeowners in Marmora face a property tax bill that reflects this higher rate, surpassing the national median property tax bill of $2,400. This comparison highlights how property tax rates in specific regions like Marmora can significantly impact homeowners, emphasizing the importance of understanding local tax dynamics.

Property Tax Rates Across Marmora, Cape May County, New Jersey

Source: Ownwell

0.61%

1.48%

2.35%

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 Marmora Tax Rate

2.30%

Median Effective Cape May County Tax Rate

1.55%

Median Effective New Jersey Tax Rate

2.88%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Marmora, Cape May County, New Jersey

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
08223	2.21%	2.30%	2.30%	2.30%	2.30%

Source: Ownwell

Property Tax Assessment Values Across Marmora, Cape May County, New Jersey

When examining property taxes in Marmora, NJ, 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.

In Cape May County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. 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 Marmora.

For example, the median home price in Marmora is $315,664, with tax bills ranging significantly across the county. Zip code 08223 has the highest median home price at $315,664.

Property Tax Assessment Values Across Marmora, Cape May County, New Jersey

Source: Ownwell

$152,600

$795,525

$1,438,450

Median Marmora Market Value

$254,500

Median Cape May County Market Value

$320,700

Median New Jersey Market Value

$288,200

Median United States Market Value

$235,294

Property Tax Assessment Values Across Marmora, Cape May County, New Jersey

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
08223	$102,640	$209,100	$254,500	$325,700	$426,420

Source: Ownwell

Property Tax Bills Across Marmora, Cape May County, New Jersey

In Marmora, located in Cape May County, NJ, property tax bills are determined by multiplying the assessed value of a property by the local tax rate. The assessed value is a percentage of the property's market value, which is influenced by factors such as location, size, and property condition. With a median home price of $315,664, property owners in Marmora face a median tax bill of $5,045, significantly higher than the national median property tax bill of $2,400. This places a considerable financial burden on homeowners, especially when compared to the national median property tax rate of 1.02%.

Ownwell can help alleviate this burden by providing expert property tax appeal and exemption services. By analyzing your property's assessed value and comparing it with similar properties, Ownwell identifies opportunities for tax reductions. With a strategic approach to appeals, homeowners can potentially lower their tax bills, ensuring they only pay their fair share. Trust Ownwell to navigate the complexities of property tax assessments and secure potential savings for your Marmora home.

Property Tax Bills Across Marmora, Cape May County, New Jersey

Source: Ownwell

$3,097

$7,212

$11,326

Median Marmora Tax Bill

$5,763

Median Cape May County Tax Bill

$5,073

Median New Jersey Tax Bill

$8,638

Median United States Tax Bill

$2,400

Property Tax Bills Across Marmora, Cape May County, New Jersey

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
08223	$2,333	$4,751	$5,763	$7,229	$9,451

Source: Ownwell