Cape May County, New Jersey
Cape May, N.J. Property Tax Rate 2026
Official 2025 Division of Taxation rates for Cape May. The general rate is per $100 of assessed value. A sale price is not an assessed value.
- General tax rate
- 1.093
- Effective tax rate
- 0.587
- Equalization ratio
- 53.71%
per $100 assessed
per $100 market value
assessed ÷ market, from the two rates
Example tax bills
Approximation using the effective rate. The general rate is applied to the equalized assessment, not the sticker price.
- $500,000 market value → assessed about $268,527 → about $2,935/year
- $750,000 market value → assessed about $402,790 → about $4,403/year
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Questions about Cape May taxes
What is the property tax rate in Cape May, NJ?
The official 2025 general tax rate in Cape May (Cape May County) is 1.093 per $100 of assessed value. The effective tax rate is 0.587 per $100 of market value.
What is the effective tax rate in Cape May?
Cape May's effective tax rate is 0.587. That rate already converts market value into an approximate tax bill. The general rate applies only to assessed value.
How much is property tax on a $500,000 home in Cape May?
Using the equalization ratio of 53.71%, a $500,000 market value is about $268,527 assessed. The approximate annual tax is $2,935, which is $500,000 times the effective rate of 0.587 per $100.
How do I appeal my Cape May property assessment?
Enter your Cape May address on this page. Garden State AI compares the assessment with recent sales under NJ Chapter 123 and, when the numbers support it, prepares the appeal packet.
Source: 2025 General Tax Rates, NJ Division of Taxation. Rates are not a legal opinion and do not include exemptions.