North Wildwood, Cape May County, New Jersey Property Taxes
Median North Wildwood, NJ effective property tax rate: 1.07%, slightly higher than the national median of 1.02%, but lower than the New Jersey state median of 2.82%.
Median North Wildwood, NJ home value: $351,104
Median annual North Wildwood, NJ tax bill: $3,741, $1,341 higher than the national median property tax bill of $2,400.
How are property taxes in Cape May calculated?
Property taxes in North Wildwood, 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 North Wildwood’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in North Wildwood, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
North Wildwood, Cape May County, New Jersey Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.07%
Estimate Property Tax Bill
$3,757
$3,486
Property Tax Rates Across North Wildwood, Cape May County, New Jersey
Local government entities set tax rates, which can vary widely within a state. 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 North Wildwood’s effective property tax rate to other cities in New Jersey and the median property tax rates in New Jersey and the U.S. North Wildwood, located in Cape May County, has a property tax rate of 1.07%, which aligns with the state’s median rate. In comparison, the national median property tax rate is 1.02%. This indicates that North Wildwood's property tax rate is slightly above the national average. However, it remains consistent with the state’s overall tax landscape, reflecting a stable tax environment within New Jersey. Whether you're a homeowner or considering purchasing property in North Wildwood, understanding these tax dynamics can help you make informed decisions about your real estate investments.
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 North Wildwood Tax Rate
1.07%
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
1.07%
Median Effective New Jersey Tax Rate
2.82%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across North Wildwood, Cape May County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 08260 | 1.07% | 1.07% | 1.07% | 1.07% | 1.07% |
Source: Ownwell
Property Tax Assessment Values Across North Wildwood, Cape May County, New Jersey
When examining property taxes in North Wildwood, 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 appraisal district 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 North Wildwood. For example, the median home price in North Wildwood is $351,104, with tax bills ranging significantly across the county. Zip code 08260 has the highest median home price at $351,104.
Property Tax Assessment Values Across North Wildwood, Cape May County, New Jersey
Source: Ownwell
$42,768
$949,934
$1,857,100
Median North Wildwood Market Value
$351,104
Median Cape May County Market Value
$477,646
Median New Jersey Market Value
$282,900
Median United States Market Value
$235,294
Property Tax Assessment Values Across North Wildwood, Cape May County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 08260 | $124,020 | $249,466 | $351,104 | $537,135 | $601,255 |
Source: Ownwell
Property Tax Bills Across North Wildwood, Cape May County, New Jersey
Property Tax Bills Across North Wildwood, Cape May County, New Jersey
Source: Ownwell
$641
$6,795
$12,949
Median North Wildwood Tax Bill
$3,741
Median Cape May County Tax Bill
$5,051
Median New Jersey Tax Bill
$8,227
Median United States Tax Bill
$2,400
Property Tax Bills Across North Wildwood, Cape May County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 08260 | $1,322 | $2,658 | $3,741 | $5,621 | $6,611 |
Source: Ownwell