Q: When are Cape May County property taxes due for FY 2025?
A: Property taxes are due February 1, 2025 and May 1, 2025 for the current fiscal year. A 5-month extension period is available from the original due dates.
Q: What tax credits are available and do I need to apply?
A: The Homestead Benefit Credit is the primary credit available to homeowners, providing up to $1,200 in tax relief, but you must apply annually. Senior citizens may qualify for the Senior Freeze Credit with income restrictions. Veterans may be eligible for additional credits. None of these are automatic.
Q: How does the Homestead Benefit work?
A: The Homestead Benefit caps your assessment increases and provides direct tax bill credits. It does not reduce your home's market value but limits how much your taxable assessment can grow year-over-year. You must file an application to receive this benefit.
Q: When can I appeal my property assessment?
A: Assessment appeals must be filed by April 1 following the tax year in question. You can appeal to your local tax assessor first, then to the County Board of Taxation if unsatisfied.
Q: What are the penalties for late payment?
A: Late payments incur interest charges of 8% per year (2/3 of 1% per month) plus potential lien procedures if taxes remain unpaid for an extended period.
Q: Can I pay my property taxes online?
A: Yes, most Cape May County municipalities offer online payment options through their official websites or third-party payment processors, though convenience fees may apply.
Q: Why do special district taxes appear on my bill?
A: Properties within fire districts, library districts, or municipal utility authorities are subject to additional assessments to fund these services. These rates vary by location within the county.
Q: How often are properties reassessed in Cape May County?
A: New Jersey requires periodic revaluations to ensure assessments reflect current market values. The frequency varies by municipality, but most conduct county-wide revaluations every 5-10 years or when the assessment ratio falls below state requirements.
