Tax Assessments

Cape May County property owners recently received the annual green postcard stating the current tax assessment for their property. 

If your property is located in Stone Harbor, the data is new for 2009.  Otherwise, it’s likely your assessment is the same as posted last year.  Each town is re-assessed at different times based on requirements from the county tax office.

In average times, we like that our assessment stays the same each year as our property value increases.  Eventually, the town is required by law to reassess to bring the figures up to fair market value.

Unfortunately, in the current market, the higher assessments stand out. 

If you decide to challenge your assessment, you must provide data to support fair market value as of October 1, 2008 (settlements after 10/1/08 will not be considered).

To obtain an application for an appeal, contact the Cape May County Tax Board (609) 465-1030.  Or, call your local tax assessor for more information.

Link to Cape May County Board of Taxation web site:

http://www.co.cape-may.nj.us/cit-e-access/webpage.cfm?TID=5&TPID=2836