Cape May County Property Taxes
Cape May County, New Jersey
Effective Tax Rate
0.00%
38.5% below state avgMedian Annual Tax
$0
$436/mo escrow
Estimate Your Tax
Annual Tax
$0
Monthly
$0
Eff. Rate
1.32%
At a Glance
Median Home Value
$395,000
State avg ▼ $402,957
Tax w/ Mortgage/yr
$5,242
$437/mo escrow
Tax w/o Mortgage/yr
$5,218
$435/mo
State Tax Rate Rank
#1
of 21 counties (1 = lowest)
Similar tax rates
Data Story
About Property Taxes in Cape May County, New Jersey
Cape May's tax rates run remarkably low
Cape May County boasts an effective tax rate of just 1.325%—among the lowest in America and well below the national median of 1.56%. Despite homes averaging $395,000 (40% above national average), residents pay only $5,233 annually in property taxes, making it extraordinarily tax-efficient.
New Jersey's most tax-friendly county
Cape May's 1.325% effective rate is the lowest among all 21 New Jersey counties—40% below the state average of 2.211%. This exceptional advantage is a primary draw for retirees and wealthy homeowners seeking low-tax coastal living.
Dramatically lower than all peers
Cape May's 1.325% rate is half that of its nearest neighbor, Cumberland County (2.455%), and less than half Atlantic County (2.475%). This dramatic advantage makes Cape May the clear winner for tax-conscious property buyers in South Jersey.
Lowest taxes despite high home values
A Cape May homeowner with the median property value of $395,000 pays just $5,233 annually—an exceptionally low burden for such expensive real estate. This translates to roughly $436 monthly, making Cape May ideal for those prioritizing tax efficiency.
Even low rates benefit from appeals
While Cape May's low rate is attractive, homeowners should still verify assessments are accurate, as errors occur regardless of county tax levels. A property tax appeal could unlock additional savings, especially valuable in a county where every dollar counts.
How Cape May County Compares
Median Annual Property Tax
Cape May County
1.32%
Effective rate
New Jersey Avg
2.11%
Effective rate
National Avg
0.91%
Effective rate
Frequently Asked Questions
What is the property tax rate in Cape May County, New Jersey?
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How does Cape May County compare to the New Jersey average?
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Counties with Similar Tax Rates
Nearby Counties
Other Counties in New Jersey
Data updated: March 2026
Data from U.S. Census Bureau, American Community Survey 2019-2023 5-Year Estimates. Effective tax rate is calculated as median property tax divided by median home value.