Avalon, Cape May County, New Jersey Property Taxes
Median Avalon, NJ effective property tax rate: 0.41%, significantly lower than the national median of 1.02%, but lower than the New Jersey state median of 2.82%.
Median Avalon, NJ home value: $1,847,644
Median annual Avalon, NJ tax bill: $8,148, $5,748 higher than the national median property tax bill of $2,400.
How are property taxes in Cape May calculated?
Property taxes in Avalon, 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 Avalon’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Avalon, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Avalon, Cape May County, New Jersey Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.41%
Estimate Property Tax Bill
$7,575
$7,030
Property Tax Rates Across Avalon, Cape May County, New Jersey
Local government entities set tax rates, which can vary widely within a state. This is because 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, in a nutshell, this is the annual process.
In Avalon, located in Cape May County, NJ, the effective property tax rate stands out in comparison to other cities in the state. The median property tax rate in Avalon is significantly lower than both the state and national averages. With the national median property tax rate at 1.02% and the median property tax bill at $2400, Avalon presents a more favorable tax environment. This can be particularly appealing for property owners seeking to minimize their tax burden. Avalon's property tax rate is also consistent with the highest and lowest median tax rates within its zip code, indicating a stable and predictable tax landscape. By understanding these differences, property owners can make more informed decisions about their investments and potential savings.
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 Avalon Tax Rate
0.41%
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 Cape May County Tax Rate
1.07%
Median Effective New Jersey Tax Rate
2.82%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Avalon, Cape May County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 08202 | 0.41% | 0.41% | 0.41% | 0.41% | 0.41% |
Source: Ownwell
Property Tax Assessment Values Across Avalon, Cape May County, New Jersey
When examining property taxes in Avalon, 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 Cape May County appraisal district 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 Cape May County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of March. 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 Avalon.
For example, the median home price in Avalon is $1,847,644, with tax bills ranging significantly across the county. Zip code 08202 has the highest median home price at $1,847,644.
Property Tax Assessment Values Across Avalon, Cape May County, New Jersey
Source: Ownwell
$42,768
$949,934
$1,857,100
Median Avalon Market Value
$1,847,644
Median Cape May County Market Value
$477,646
Median New Jersey Market Value
$282,900
Median United States Market Value
$235,294
Property Tax Assessment Values Across Avalon, Cape May County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 08202 | $681,316 | $1,078,820 | $1,847,644 | $3,098,488 | $4,504,947 |
Source: Ownwell
Property Tax Bills Across Avalon, Cape May County, New Jersey
Median Avalon Tax Bill
$8,148
Median Cape May County Tax Bill
$5,051
Median New Jersey Tax Bill
$8,227
Median United States Tax Bill
$2,400
Property Tax Bills Across Avalon, Cape May County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 08202 | $3,042 | $4,819 | $8,148 | $13,220 | $18,737 |
Source: Ownwell