How much are property taxes in Cape May, NJ?
Homeowners in Cape May, NJ pay a median of $6,165 (±$1,102) a year in real estate taxes (2020–2024 American Community Survey, table B25103).
Homes with a mortgage pay a median of $5,575.
Homes without a mortgage pay a median of $6,742.
That is about 0.7% of the median home value of $863,900.
In Cape May, the median real estate tax went from $6,112 in 2015–2019 to $6,165 in 2020–2024 (+0.9%).
Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.
Figures last updated on .
- Median real estate taxes
- $6,165 (±$1,102)
- With a mortgage
- $5,575
- Without a mortgage
- $6,742
- Share of median value
- 0.7%
Real estate taxes in Cape May against Cape May County, its state and the nation
| Cape May | Cape May County | New Jersey | United States | |
|---|---|---|---|---|
| Median real estate taxes | $6,165 (±$1,102) | $5,306 (±$135) | $9,590 (±$25) | $3,119 |
| Homes with a mortgage | $5,575 (±$1,428) | $5,332 (±$187) | $9,741 (±$29) | $3,489 |
| Homes without a mortgage | $6,742 (±$1,644) | $5,263 (±$219) | $9,313 (±$48) | $2,576 |
| Median home value | $863,900 (±$65,604) | $434,600 (±$9,304) | $454,400 (±$1,150) | $332,700 |
In Cape May, the median real estate tax is not measurably different from Cape May County ($5,306).
It is also lower than in New Jersey ($9,590).
It is higher than the national figure ($3,119).
In Cape May County, Cape May ranks 6 of 16 places with a published estimate, from highest to lowest median real estate taxes.
Statewide, it ranks 499 of 561.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
Taxes as a share of home value in Cape May
The median tax ($6,165) is 0.7% of the median home value ($863,900).
Across Cape May County the same ratio is 1.2%.
Across New Jersey it is 2.1%.
This is a ratio of two medians, a rough effective rate: not the tax rate or mill rate the town, county or school district sets, and not any one home’s bill.
Owners report what they paid and what they think their home is worth; the assessor’s office publishes the actual rates and assessments.
How property taxes in Cape May have changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Median real estate taxes | $6,112 (±$739) | $6,165 (±$1,102) | +0.9% | No measurable change after inflation |
| Median home value | $652,900 (±$86,908) | $863,900 (±$65,604) | +32.3% | No measurable change after inflation |
| Median owner cost with a mortgage | $2,369 (±$350) | $2,586 (±$418) | +9.2% | No measurable change after inflation |
The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.
Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.
The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.
Median real estate taxes in places near Cape May
| Place | Distance | Median real estate taxes | Compared with this place |
|---|---|---|---|
| Cape May | — | $6,165 (±$1,102) | — |
| West Cape May Borough | 2.2 mi | $6,383 (±$289) | Not measurably different |
| Lower Township | 3.0 mi | $4,186 (±$215) | Lower |
| Cape May Point Borough | 3.6 mi | $5,303 (±$921) | Not measurably different |
| Erma | 3.7 mi | $4,737 (±$380) | Lower |
| Wildwood Crest Borough | 3.9 mi | $5,633 (±$384) | Not measurably different |
| North Cape May | 3.9 mi | $4,089 (±$330) | Lower |
| Wildwood | 5.4 mi | $6,507 (±$551) | Not measurably different |
| Rio Grande | 5.5 mi | $5,018 (±$823) | Not measurably different |
Nearby places with a measurably lower figure: Lower Township, NJ ($4,186), Erma, NJ ($4,737), North Cape May, NJ ($4,089).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median real estate taxes across Cape May County, place by place
| Rank | Place | Median real estate taxes |
|---|---|---|
| 1 | Stone Harbor Borough | $10,000 or more |
| 2 | Avalon Borough | $7,139 (±$363) |
| 3 | Wildwood | $6,507 (±$551) |
| 4 | West Cape May Borough | $6,383 (±$289) |
| 5 | Upper Township | $6,195 (±$350) |
| 6 | Cape May | $6,165 (±$1,102) |
| 7 | Ocean City | $6,040 (±$293) |
| 8 | North Wildwood | $5,798 (±$460) |
| 9 | Sea Isle City | $5,749 (±$237) |
| 10 | Wildwood Crest Borough | $5,633 (±$384) |
| 11 | Middle Township | $5,344 (±$317) |
| 12 | Cape May Point Borough | $5,303 (±$921) |
Showing 12 of 16 places in Cape May County, ranked from highest to lowest.
Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.
Margins of error are at the 90% confidence level.
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Questions about Cape May
How much are property taxes in Cape May?
The median real estate tax paid by homeowners in Cape May, NJ is $6,165 (±$1,102) a year (2020–2024 American Community Survey).
What is the property tax rate in Cape May?
The Census Bureau does not publish tax rates; as a rough guide, the median tax paid is 0.7% of the median home value in Cape May, and the actual rate is set by the town, county and school district.
Have property taxes in Cape May gone up?
In Cape May, the median real estate tax went from $6,112 in 2015–2019 to $6,165 in 2020–2024 (+0.9%).
Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.
Are property taxes in Cape May higher than in Cape May County?
In Cape May, the median real estate tax is not measurably different from Cape May County ($5,306).
It is also lower than in New Jersey ($9,590).
It is higher than the national figure ($3,119).
Sources
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2020–2024 ACS 5-year estimates — Cape May city, Cape May County, New Jersey
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Cape May city, Cape May County, New Jersey
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2015–2019 ACS 5-year estimates — Cape May city, Cape May County, New Jersey
- Median Value (B25077), 2015–2019 ACS 5-year estimates — Cape May city, Cape May County, New Jersey
- Median Selected Monthly Owner Costs (B25088), 2015–2019 ACS 5-year estimates — Cape May city, Cape May County, New Jersey
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) and detailed tables (acs/acs5) for Cape May city, Cape May County, New Jersey (county subdivision:10270, in state:34 county:009).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are B25103_001E, B25103_001M, B25077_001E, B25077_001M, B25088_002E, B25088_002M from the 2019 release.
The API needs a free key.
B25103_001E, B25103_001M, B25103_002E, B25103_002M, B25103_003E, B25103_003M, DP04_0089E, DP04_0089M
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.
Figures last updated on .
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