Wildwood Crest, Cape May County, New Jersey Property Taxes

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

Median Wildwood Crest, NJ effective property tax rate: 1.31%, significantly higher than the national median of 1.02%, but lower than the New Jersey state median of 2.82%.
Median Wildwood Crest, NJ home value: $894,858
Median annual Wildwood Crest, NJ tax bill: $11,683, $9,283 higher than the national median property tax bill of $2,400.

How are property taxes in Cape May calculated?

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

Last Updated March 1, 2025

Wildwood Crest, Cape May County, New Jersey Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.31%

Estimate Property Tax Bill

$11,723

$10,878

Ownwell’s Wildwood Crest Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Wildwood Crest with just two data points. By entering your property's estimated assessed value, our calculator applies Wildwood Crest’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. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Wildwood Crest, 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 Wildwood Crest’s effective property tax rate to other cities in New Jersey and the median property tax rates in New Jersey and the U.S. Wildwood Crest, located in Cape May County, presents a unique landscape for property tax rates. The median property tax rate in New Jersey stands at 1.31%, notably higher than the national median of 1.02%. This difference highlights the importance of understanding local tax assessments, as they can significantly impact property owners. Comparing Wildwood Crest's rates to the broader state and national figures provides valuable insights for property owners. Understanding these variations can aid in making informed decisions regarding property investments and financial planning.

Property Tax Rates Across Wildwood Crest, 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 Wildwood Crest Tax Rate

1.31%

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 Wildwood Crest, Cape May County, New Jersey

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
08260	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Wildwood Crest, Cape May County, New Jersey

When examining property taxes in Wildwood Crest, 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 Board of Taxation 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 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 Wildwood Crest.

For example, the median home price in Wildwood Crest is $894,858, with tax bills ranging significantly across the county.

Property Tax Assessment Values Across Wildwood Crest, Cape May County, New Jersey

Source: Ownwell

$42,768

$949,934

$1,857,100

Median Wildwood Crest Market Value

$894,858

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 Wildwood Crest, Cape May County, New Jersey

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
08260	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Wildwood Crest, Cape May County, New Jersey

In Wildwood Crest, NJ, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. The tax rate in Cape May County is applied to this assessed value to determine the annual property tax bill. With a median home price of $894,858, homeowners in Wildwood Crest face significant property tax bills. The 25th percentile tax bill is $7,417, while the 75th percentile reaches $11,697, and the 90th percentile is slightly higher at $11,745. These figures exceed the national median property tax bill of $2,400. High property taxes can be a burden for homeowners, impacting their financial well-being and homeownership affordability. Ownwell offers property tax appeal and exemption services to help homeowners reduce their tax liabilities. By leveraging expertise in local property tax laws and assessment practices, Ownwell identifies opportunities for savings and guides homeowners through the appeal process, ensuring they pay only their fair share.

Property Tax Bills Across Wildwood Crest, Cape May County, New Jersey

Source: Ownwell

$641

$6,795

$12,949

Median Wildwood Crest Tax Bill

$11,683

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 Wildwood Crest, Cape May County, New Jersey

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
08260	N/A	N/A	N/A	N/A	N/A

Source: Ownwell