Atlantic City, Atlantic County, New Jersey Property Taxes

Name: Property Tax Bills Across Atlantic City, Atlantic County, New Jersey
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median ATLANTIC CITY, NJ effective property tax rate: 3.78%, significantly higher than the national median of 1.02%, but lower than the NJ state median of 2.82%.
Median ATLANTIC CITY, NJ home value: $104,600
Median annual ATLANTIC CITY, NJ tax bill: $3,966, $1,566 higher than the national median property tax bill of $2,400.

How are property taxes in Atlantic calculated?

Property taxes in ATLANTIC CITY, NJ 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 ATLANTIC CITY’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in ATLANTIC CITY, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Atlantic City, Atlantic County, New Jersey Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

3.78%

Estimate Property Tax Bill

$3,954

$3,669

Ownwell’s Atlantic City Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Atlantic City with just two data points. By entering your property's estimated assessed value, our calculator applies Atlantic City’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Atlantic County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Atlantic City, Atlantic County, New Jersey

Local government entities set tax rates, which can vary widely within a state. 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, this is the annual process. Atlantic City's effective property tax rate is notably higher than the national median. In fact, Atlantic City in New Jersey's Atlantic County has a median property tax rate of 3.78%, which is significantly above the national median of 1.02%. This high rate is reflective of the area's budgetary needs and property values. Comparatively, New Jersey itself has some of the highest property tax rates in the country. Homeowners in Atlantic City should be aware of how these rates impact their annual tax bills, which are crucial for funding local services. Understanding these rates can empower property owners to explore potential savings through appeals or exemptions.

Property Tax Rates Across Atlantic City, Atlantic County, New Jersey

Source: Ownwell

1.01%

2.97%

4.94%

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 Atlantic City Tax Rate

3.78%

Median Effective Atlantic County Tax Rate

3.23%

Median Effective New Jersey Tax Rate

2.82%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Atlantic City, Atlantic County, New Jersey

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
08401	3.78%	3.78%	3.78%	3.78%	3.78%

Source: Ownwell

Property Tax Assessment Values Across Atlantic City, Atlantic County, New Jersey

When examining property taxes in Atlantic City, NJ, 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 Atlantic 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.

In Atlantic County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. 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 Atlantic City.

For example, the median home price in Atlantic City is $104,600, with tax bills ranging significantly across the county. Zip code 08401 has the highest median home price at $104,600.

Property Tax Assessment Values Across Atlantic City, Atlantic County, New Jersey

Source: Ownwell

$104,600

$357,300

$610,000

Median Atlantic City Market Value

$104,600

Median Atlantic County Market Value

$186,700

Median New Jersey Market Value

$282,900

Median United States Market Value

$235,294

Property Tax Assessment Values Across Atlantic City, Atlantic County, New Jersey

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
08401	$44,000	$65,800	$104,600	$149,400	$217,680

Source: Ownwell

Property Tax Bills Across Atlantic City, Atlantic County, New Jersey

In Atlantic City, NJ, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. The tax rate is applied to this value to calculate the annual tax bill. Factors influencing this assessment include the property's location, size, and condition. Homeowners in Atlantic City often face higher property tax bills compared to the national median, with a median tax bill of $3,966, significantly above the national median of $2,400. The range of tax bills can vary, with amounts in the 25th percentile at $2,500 and reaching up to $8,117 in the 90th percentile, indicating a broad spectrum of tax burdens depending on specific property characteristics.

Ownwell offers a valuable service to homeowners by providing property tax appeal and exemption assistance. By analyzing property assessments and identifying potential discrepancies or opportunities for exemptions, Ownwell can help homeowners potentially reduce their tax bills. This service can be particularly beneficial in a region like Atlantic City, where property taxes are notably higher than the national average, offering significant savings to homeowners.

Property Tax Bills Across Atlantic City, Atlantic County, New Jersey

Source: Ownwell

$3,867

$6,498

$9,128

Median Atlantic City Tax Bill

$3,966

Median Atlantic County Tax Bill

$5,716

Median New Jersey Tax Bill

$8,227

Median United States Tax Bill

$2,400

Property Tax Bills Across Atlantic City, Atlantic County, New Jersey

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
08401	$1,730	$2,500	$3,966	$5,643	$8,117

Source: Ownwell