Taxes in Ocean City
Ocean City carries New Jersey's statewide income and sales tax structure with a real, genuinely low local property-tax rate this record explains rather than treats as a simple discount.
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Learn moreA genuinely low property-tax rate, ranked among NJ's lowest
Ocean City's 1.32% effective property tax rate runs well below New Jersey's 1.88% statewide average, ranking No. 15 among the 30 lowest-taxed New Jersey towns per one source reviewed this pass -- driven by a high total assessed-value tax base from expensive vacation and second homes.
New Jersey's statewide graduated income tax applies
New Jersey's real, seven-bracket graduated income tax (1.4%-10.75% above $1 million) applies in Ocean City exactly as documented statewide -- Ocean City levies no additional city income tax.
The rate is low; the bill can still be substantial
Given Ocean City's genuinely elevated home values ($977,006 typical), the comparatively low RATE does not necessarily mean a low tax BILL in dollar terms -- confirm the current, specific bill for a target property directly.
Key takeaways
- Ocean City's property tax rate (1.32%) ranks among New Jersey's lowest, well below the 1.88% statewide average.
- New Jersey's statewide graduated income tax and uniform sales tax apply with no Ocean City-specific local layer.
- A low tax rate does not mean a low tax bill given elevated home values -- confirm the specific dollar figure directly.
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