08401 Property Tax Rate

Property owners in ZIP code 08401 (Atlantic City, New Jersey) pay a median of $5,613/year in property taxes on homes valued at $189,600. This translates to an effective tax rate of 2.96%, which is 45% above the New Jersey state average of 2.04%.

The monthly property tax burden for a median-valued home in 08401 is approximately $468, which factors into escrow payments on mortgages. This ZIP code is located within Atlantic County. This is $2,984 less than the New Jersey average of $8,597/year.

Compared to similar ZIP codes in New Jersey, 08401 has lower property taxes. ZIP codes with similar effective rates include 08009 (2.96%) and 08028 (2.96%).

In Atlantic City, property taxes represent approximately 15.4% of the median household income of $36,375, providing context for the relative tax burden on homeowners in this area.

New Jersey has no statewide property tax cap; Atlantic County assessments are set locally and reassess at fair market value upon sale with unrestricted annual growth potential. The Homestead Benefit Program provides property tax credits for households earning ≤$150,000 (or ≤$75,000 for seniors and disabled homeowners) on primary residences — file your application with the Atlantic County Tax Board by June 1 each year. Register with the Atlantic County Assessor within 30 days of purchase to document principal residence status and lock in your initial assessment.