Cape May City NJ property tax rate 2025: 1.093
Cape May City, Cape May County. 4,242 parcels in the MOD-IV 2026 file. Rate shown is tax year 2025 (latest available — not yet matched to assessment year).
Assessments are tax year 2026; latest published general rate we have is 2025. Estimate uses that rate until the 2026 rate is loaded.
Cape May City at a glance
4,242 parcels are on the 2026 file. The 2025 general rate is 1.093, and the prior rate on file is 1.057 for 2024. A typical class 2 assessment is $688,580. Usable sales with a 2025 deed: 79, median $1,125,000. The state construction file lists 2,780 permits here. The median class 2 house was built in 1972. A property page adds that parcel’s permits, flood zone, mapped flood elevation, and high and low ground. Owner names are not shown.
How to read a Cape May City bill
Cape May City’s general rate of 1.093 is tax year 2025 on the 2026 assessment file. It is not a 2026 bill. The prior general rate on file is 1.057 for 2024. School, county, and municipal shares of this rate are 31.8%, 35.1%, and 33.0%. The largest slice is county. In Cape May County the middle school share for rate year 2025 is 26.0% in Wildwood Crest Boro. Class 2 net assessments changed from $2,421,480,700 to $2,434,828,800, up 0.6%, on 3,533 parcels. Usable sales with a 2025 deed: median $1,125,000 (79 sales). The largest class share of net assessed value is Residential at 70.2%. State school aid is outside these bars.
Building permits in Cape May City
The New Jersey construction-permit file lists 2,780 permits in Cape May City. This file is a full record from 2021 on. Older permits are mostly missing. Work from before then can be missing here and still be at the Cape May City construction office.
2025 general tax rate in Cape May City: 1.093
This general rate is tax year 2025. The assessment file is 2026. It is not a 2026 bill.
In Cape May County, the median municipality’s school share (rate year 2025) is 26.0%; this town is 31.8%. The largest slice here is county. State school aid is not in these bars — it reduces the school levy before the rate is struck. All Cape May towns · How NJ taxes work.
The school percent is the local property-tax levy. The district for this municipality is Cape May City (K-8 or K-6 local), FY2027 K–12 aid $1,446,860. The high school district is Lower Cape May Regional, FY2027 K–12 aid $4,762,370. Those aid figures are not slices of these bars. Cape May district table.
Prior year (2024) general rate: 1.057.
Tax on a $200,000 or $500,000 sale in Cape May City
These figures use Cape May City’s own ratio and general rate. How the same sale price is calculated for every town. This is not an appraisal and not a collector bill.
2025
A $500,000 sale at the 2025 ratio of 53.87% would be assessed at about $269,350. At the general rate of 1.093, the estimated tax is $2,944. A $200,000 sale at that same ratio and rate would be assessed at about $107,740, with an estimated tax of $1,178.
In Cape May County for 2025, the $500,000 bill runs from $1,745 in Avalon Boro to $7,929 in Wildwood City. The middle bill is $4,330 in Wildwood Crest Boro. All Cape May towns.
See every New Jersey town on the same $200,000 and $500,000 sale for 2025.
Recent usable sales in Cape May City
These are the five newest usable deeds on the 2026 file for Cape May City. A $1 deed and a non-usable SR1A sale are left out. Each parcel stores one sale, so this is not every deed recorded in town.
| Address | Deed date | Sale price | Net assessment |
|---|---|---|---|
| 315 OCEAN ST UNIT 18 | 12/30/2025 | $500,000 | $375,200 |
| 1058 VIRGINIA AVE | 12/18/2025 | $1,660,000 | $556,700 |
| 1520 NEW JERSEY AVE | 12/10/2025 | $531,000 | $232,800 |
| 1415 HARBOR LA | 12/5/2025 | $1,125,000 | $452,500 |
| 1132 ILLINOIS AVE | 11/29/2025 | $960,000 | $401,500 |
Owner names are not shown. The rate year and the assessment file year differ, so this table does not print an estimated tax. This is not a collector’s bill.
Highest estimated tax in Cape May City: $80,410
Residential
The highest residential estimate in Cape May City is $80,410 at 1429 BEACH AVE, on a net assessment of $7,356,800 and a 2025 general rate of 1.093.
| Address | Class | Net assessment | Rate year | Estimated tax |
|---|---|---|---|---|
| 1429 BEACH AVE | 2 — Residential (four families or less) | $7,356,800 | 2025 | $80,410 |
| 1800 NEW YORK AVE | 2 — Residential (four families or less) | $5,827,000 | 2025 | $63,689 |
| 1421 BEACH AVE | 2 — Residential (four families or less) | $4,702,400 | 2025 | $51,397 |
| 1350 TEXAS AVE | 2 — Residential (four families or less) | $4,651,700 | 2025 | $50,843 |
| 1804 NEW YORK AVE | 2 — Residential (four families or less) | $4,590,600 | 2025 | $50,175 |
Business
The highest business estimate in Cape May City is $299,494 at 200 CONGRESS PLACE, on a net assessment of $27,401,100 and a 2025 general rate of 1.093.
| Address | Class | Net assessment | Rate year | Estimated tax |
|---|---|---|---|---|
| 200 CONGRESS PLACE | 4A — Commercial | $27,401,100 | 2025 | $299,494 |
| 1317 BEACH AVE | 4A — Commercial | $26,016,800 | 2025 | $284,364 |
| 1045 BEACH AVE | 4A — Commercial | $25,310,200 | 2025 | $276,640 |
| 205-211 BEACH AVE | 4A — Commercial | $16,048,300 | 2025 | $175,408 |
| 1035 BEACH AVE | 4A — Commercial | $13,000,000 | 2025 | $142,090 |
Owner names are not shown. Every parcel in this town uses the same rate, so the highest tax is the highest assessment. Commercial and industrial parcels (class 4A and 4B) are the business list. Apartment buildings are class 4C and are not in that list. This is not a collector’s bill.
Ratable base in Cape May City, typical class 2 assessment $688,580
Class 2 residential in the MOD-IV file: 3,540 parcels, average net assessment $688,580.
How assessments changed
Class 2 residential net assessments changed from $2,421,480,700 to $2,434,828,800, up 0.6%, on 3,533 parcels that have both a prior net and a 2026 net. This is the assessment roll, not an appraisal.
Among 79 usable recorded sales whose latest deed on this file is in 2025, the median price is $1,125,000. A $1 deed and a non-usable SR1A sale are left out. Each parcel stores one sale, so this is not every deed recorded that year.
Share of net assessed value by property class (MOD-IV). Not a school-quality rating.
| Class | Parcels | Net assessed | % of net |
|---|---|---|---|
| Residential 2 | 3,540 | $2,437,573,500 | 70.2% |
| Vacant land 1 | 362 | $473,490,000 | 13.6% |
| Commercial 4A | 248 | $441,988,000 | 12.7% |
| Apartment 4C | 91 | $120,437,900 | 3.5% |
| Other / unclassified other | 1 | $0 | 0.0% |
Housing stock in Cape May City, median year built 1972
On the 2026 file, class 2 houses in Cape May City with a year built have a median year of 1972, about 54 years old. Of those 3,524 houses, the largest share was built Before 1940. This is the assessor’s year built. It is not a ranking of towns.
By parcel count, Residential 83.5%, Vacant land 8.5%, Commercial 5.8%, Apartment 2.1%, Other / unclassified <0.1%. Those percentages are a count of parcels, not a share of tax dollars. The class table uses the tax-base share.
Year built
Assessor building line
Grouped from the assessor’s building abbreviation. One-family, two-family, and condo are the codes that read clearly. Other codes stay in their own group. This is not a bedroom count, and square feet are left off because most records do not include them.