Taxes & Insurance in Wildwood
Wildwood carries a real, favorable property-tax rate relative to New Jersey's statewide average, layered with genuine, substantial barrier-island flood-insurance costs.
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Learn moreA favorable property-tax rate
Wildwood's effective property tax rate ran 1.07% -- below New Jersey's 1.88% statewide average -- with a median annual tax bill of $5,284, genuinely favorable for the Jersey Shore even though it runs above the national median bill of $2,400.
New Jersey's statewide graduated income tax applies
New Jersey taxes income on a genuinely graduated seven-bracket schedule (1.4%-10.75% above $1 million) -- a statewide structure, not a Wildwood-specific cost, applying identically here as documented in new-jersey.js.
Real, substantial barrier-island flood-insurance costs apply
Wildwood occupies part of a low-lying barrier island constantly exposed to coastal-flooding threat, per the city's own official disclosure; flood hazard areas are mapped via FEMA's Cape May County Flood Insurance Study. Standard NJ homeowners policies do NOT cover flood damage -- Wildwood's National Flood Insurance Program participation guarantees flood insurance availability, but budget for it as a separate, real cost.
Key takeaways
- Wildwood's 1.07% effective property tax rate runs below New Jersey's statewide average.
- New Jersey's statewide income and sales tax structure applies with no Wildwood-specific local layer.
- Real, separate flood insurance is required given Wildwood's barrier-island coastal-flood exposure.
- Confirm current, address-specific tax and flood-zone data directly with the City of Wildwood.
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