Villas, Cape May County, New Jersey Property Taxes

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

Median Villas, NJ effective property tax rate: 1.30%, significantly higher than the national median of 1.02%, but lower than the New Jersey state median of 2.82%.
Median Villas, NJ home value: $228,549
Median annual Villas, NJ tax bill: $3,064, $664 higher than the national median property tax bill of $2,400.

How are property taxes in Cape May calculated?

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

Last Updated March 1, 2025

Villas, Cape May County, New Jersey Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.3%

Estimate Property Tax Bill

$2,971

$2,757

Ownwell’s Villas Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Villas with just two data points. By entering your property's estimated assessed value, our calculator applies Villas’ 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 Cape May. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Villas, Cape May County, New Jersey

Local government entities set property tax rates, which can vary widely within a state. This is because each county annually estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. While votes and laws are involved in setting tax rates and budgets, this is the basic annual process. In Villas, located in Cape May County, New Jersey, the effective property tax rate is 1.30%, which is notably higher than the national median of 1.02%. This rate is also the highest and lowest median tax rate within the county, indicating uniformity across the area. Compared to the national median property tax bill of $2400, homeowners in Villas may find their tax obligations to be more substantial. Understanding these rates is crucial for property owners considering an appeal or seeking exemptions, as it directly impacts their financial commitments.

Property Tax Rates Across Villas, Cape May County, New Jersey

Source: Ownwell

0.41%

1.10%

1.78%

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 Villas Tax Rate

1.30%

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 Villas, Cape May County, New Jersey

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
08251	1.30%	1.30%	1.30%	1.30%	1.68%

Source: Ownwell

Property Tax Assessment Values Across Villas, Cape May County, New Jersey

When examining property taxes in Villas, 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 assessment 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 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 Villas.

For example, the median home price in Villas is $228,549, with tax bills ranging significantly across the county. Zip code 08251 has the highest median home price at $228,549.

Property Tax Assessment Values Across Villas, Cape May County, New Jersey

Source: Ownwell

$42,768

$949,934

$1,857,100

Median Villas Market Value

$228,549

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 Villas, Cape May County, New Jersey

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
08251	$169,455	$191,851	$228,549	$287,222	$374,521

Source: Ownwell

Property Tax Bills Across Villas, Cape May County, New Jersey

In Villas, NJ, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The median home price in this area is $228,549. The property tax rate is applied to this assessed value to determine the tax bill. In Villas, the median tax bill is $3,064, which is significantly higher than the national median property tax bill of $2,400. This discrepancy highlights the need for homeowners to understand how their tax bills are calculated and the factors that influence them. Factors such as changes in home value and local tax rates can significantly impact the tax bill. Homeowners in Villas can benefit from appealing their property tax assessments to potentially reduce their tax bills. Ownwell offers property tax appeal services that can help homeowners save money by identifying discrepancies in assessed values and ensuring they are not overpaying. By leveraging Ownwell's expertise, homeowners can navigate the complexities of property taxes and potentially lower their annual tax burden.

Property Tax Bills Across Villas, Cape May County, New Jersey

Source: Ownwell

$641

$6,795

$12,949

Median Villas Tax Bill

$3,064

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 Villas, Cape May County, New Jersey

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
08251	$2,213	$2,532	$3,064	$3,910	$5,067

Source: Ownwell