Property Taxes in Ocean Gate, New Jersey
Median Ocean Gate, New Jersey effective property tax rate: 1.52%, significantly lower than the national median of 1.02%, and lower than the New Jersey state median of 2.88%.
Median Ocean Gate, New Jersey home value: $365,300
Median annual Ocean Gate, New Jersey tax bill: $5,581, $3,181 higher than the national median property tax bill of $2,400.
How are property taxes in Ocean County calculated?
Property taxes in Ocean Gate, 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 Ocean Gate's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Ocean Gate, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
How Does the Ocean Gate Property Tax Calculator Work?
Use this Ocean Gate property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Ocean Gate's median effective tax rate of 1.52% — based on actual property records in Ocean County — to generate your estimate.
Enter your property's estimated assessed value — the figure the local assessment system uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Ocean Gate'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 Ocean Gate: rates are 1.52% in 08740, 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 Ocean Gate.
About Ocean Gate Property Taxes
About Property Taxes in Ocean Gate, Ocean, New Jersey
Ocean Gate’s median effective property tax rate of 1.52% is lower than the New Jersey state median of 2.88% and higher than the national median of 1.02%. This rate reflects the Ocean 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 Ocean Gate. Homeowners in the 08740 ZIP code carry a median effective rate of 1.52%, while those in the lowest ZIP pay 1.52%. This spread reflects how school district boundaries and local assessment districts are drawn across Ocean County. Understanding which part of Ocean Gate you live in can make a meaningful difference to your annual tax bill.
Ocean Gate homeowners who believe their assessed value is too high can file a formal appeal with the local 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 Ocean Gate, Ocean 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 Ocean Gate'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 Ocean Gate Tax Rate
1.52%
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 Ocean County Tax Rate
2.35%
Median Effective New Jersey Tax Rate
2.88%
Median Effective United States Tax Rate
1.27%
Property Tax Rates Across Ocean Gate, Ocean County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 08740 | 1.38% | 1.45% | 1.52% | 1.60% | 1.70% |
Source: Ownwell
Property Tax Assessment Values Across Ocean Gate, Ocean County, New Jersey
When examining property taxes in Ocean Gate, 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 Ocean 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 Ocean County, assessment notices are sent in February 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. 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 Ocean Gate.
For example, the median home price in Ocean Gate is $365,300, with tax bills ranging significantly across the county. 08740 has the highest median home price at $365,300.
Property Tax Assessment Values Across Ocean Gate, Ocean County, New Jersey
Source: Ownwell
$105,700
$603,200
$1,100,700
Median Ocean Gate Market Value
$365,300
Median Ocean County Market Value
$288,500
Median New Jersey Market Value
$288,200
Median United States Market Value
$274,101
Property Tax Assessment Values Across Ocean Gate, Ocean County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 08740 | $265,440 | $309,700 | $365,300 | $453,100 | $617,040 |
Source: Ownwell
Property Tax Bills Across Ocean Gate, Ocean County, New Jersey
Property tax bills in Ocean Gate are based on the assessed value of a home and the local property tax rate set by the county and other taxing authorities. When a property is reassessed, the bill can change if the home’s market value has shifted or if local tax rates are adjusted.
For Ocean Gate homeowners, the median home price is $365,300, and the median property tax bill is $5,581, which is well above the national median property tax bill of $2,400 and the national median property tax rate of 1.02%. Bills in the area also vary widely, with the 25th percentile at $4,505, the 75th percentile at $7,263, and the 90th percentile at $9,893.
These differences reflect how assessed value, local rates, and neighborhood-level conditions affect what homeowners owe. A higher bill can increase monthly housing costs and make long-term ownership more expensive, especially when property values rise faster than income.
Median Ocean Gate Tax Bill
$5,581
Median Ocean County Tax Bill
$6,412
Median New Jersey Tax Bill
$8,638
Median United States Tax Bill
$3,209
Property Tax Bills Across Ocean Gate, Ocean County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 08740 | $3,842 | $4,505 | $5,581 | $7,263 | $9,893 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | April 1 |
Links | |
|---|---|
| Ocean Tax Assessor | |
| Website | tax.co.ocean.nj.us |