Strathmere, Cape May County, New Jersey Property Taxes

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

Median Strathmere, NJ effective property tax rate: 1.55%, significantly higher than the national median of 1.02%, but lower than the New Jersey state median of 2.82%.
Median Strathmere, NJ home value: $833,447
Median annual Strathmere, NJ tax bill: $12,949, $10,549 higher than the national median property tax bill of $2,400.

How are property taxes in Cape May calculated?

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

Last Updated March 1, 2025

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

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.55%

Estimate Property Tax Bill

$12,918

$11,988

Ownwell’s Strathmere Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Strathmere with just two data points. By entering your property's estimated assessed value, our calculator applies Strathmere’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 Strathmere, Cape May County, New Jersey

Local government entities set tax rates, which can vary widely within a state. Each year, every 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.

Strathmere in Cape May County, NJ, has an effective property tax rate of 1.55%, which is higher than the national median of 1.02%. This places Strathmere at the higher end of the spectrum both within New Jersey and across the United States. The effective property tax rate in Strathmere is the same as the median rate for the state, reflecting the broader trend across New Jersey.

Comparing Strathmere’s rate to other cities within New Jersey and the national average provides valuable insights for homeowners. Understanding these rates can help property owners make informed decisions about property investments and financial planning.

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

Source: Ownwell

0.41%

1.10%

1.78%

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 Strathmere Tax Rate

1.55%

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 Strathmere, Cape May County, New Jersey

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
08248	1.55%	1.55%	1.55%	1.55%	1.55%

Source: Ownwell

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

When examining property taxes in Strathmere, 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.

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 March.

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 Strathmere.

For example, the median home price in Strathmere is $833,447, with tax bills ranging significantly across the county. Zip code 08248 has the highest median home price at $833,447.

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

Source: Ownwell

$42,768

$949,934

$1,857,100

Median Strathmere Market Value

$833,447

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 Strathmere, Cape May County, New Jersey

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
08248	$521,270	$626,850	$833,447	$1,168,726	$1,579,558

Source: Ownwell

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

In Strathmere, located in Cape May County, NJ, property tax bills are calculated based on the assessed value of the home and the local tax rate. With a median home price of $833,447, homeowners in this area face significant property tax bills. The median tax bill in Strathmere is notably higher than the national median of $2,400, reflecting the area's higher property values and tax rates. Factors such as the home's location, size, and market value play a crucial role in determining the assessed value, which directly influences the tax bill. Homeowners in Strathmere may find themselves paying tax bills that range from $9,704 at the 25th percentile to $24,542 at the 90th percentile. Ownwell offers valuable assistance to homeowners by providing property tax appeal and exemption services. By leveraging expertise and local market knowledge, Ownwell helps homeowners potentially reduce their property tax bills, ensuring they are not overpaying and can maximize their savings.

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

Source: Ownwell

$641

$6,795

$12,949

Median Strathmere Tax Bill

$12,949

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 Strathmere, Cape May County, New Jersey

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
08248	$8,099	$9,704	$12,949	$18,158	$24,542

Source: Ownwell