08402 Property Tax Rate
Margate City, New Jersey · Part of Atlantic County
Effective Tax Rate
1.14%
14.4% below state avgMedian Annual Tax
$7,356
$613/mo escrow
Estimate Your Tax
Annual Tax
$7,356
Monthly
$613
Eff. Rate
1.14%
Buyer decision brief
What ZIP 08402 means for your housing budget
Use this ZIP page to compare recurring tax burden before you compare listing prices. The numbers below are Census ZCTA estimates, so they are strongest for neighborhood comparison and weakest for parcel-specific tax planning.
Monthly escrow signal
$613/mo
Based on median annual tax paid
State context
0.90 percentage points below the New Jersey average
New Jersey average: 2.04%
Data confidence
High confidenceThe Census margin of error is $568, about 8% of the median tax estimate.
Verify before you offer
- Confirm parcel assessed value with Atlantic County assessor.
- Check homestead, senior, veteran, and disability exemptions.
- Ask whether purchase triggers reassessment or value-cap reset.
- Review school district and special assessment boundaries.
Lower-rate similar ZIPs
This is informational content, not tax, legal, or mortgage advice. Local assessor records remain the source of truth for a specific property.
Data confidence ledger
Can you trust ZIP 08402 for comparison?
ACS vintage
2019-2023 ACS 5-Year Estimates
Five-year Census ZCTA estimates.
ZCTA caveat
Census area, not parcel boundary
USPS ZIP routes and taxing districts can differ inside the same area.
Field completeness
3/3 required fields
Median tax, home value, and derived rate are present.
MOE status
Strong ACS confidence
$568 tax MOE, 8% of the median tax estimate.
Last site refresh
March 10, 2026
Dataset and page-quality audit run locally before publication.
County fallback
County advisory available
Atlantic County is used for assessor verification and broader context.
Tax bill anatomy
What can change your actual bill in ZIP 08402
Use the ZIP estimate to compare neighborhoods, then verify these parcel-level inputs before relying on a payment estimate.
Assessed value
The ZCTA median home value is $645,200, but your bill starts with the local assessed value for a specific parcel.
Effective rate
The displayed rate is 1.14%, derived from median tax paid divided by median home value.
Exemptions
Homestead, senior, veteran, disability, and local exemptions can reduce taxable value. Confirm eligibility before estimating escrow.
Reassessment
A purchase can change assessed value depending on New Jersey and county rules. Ask how sale price affects the next assessment cycle.
Escrow impact
The median tax paid in this ZCTA equals about $613 per month before insurance, HOA dues, or special assessments.
Assessor verification
Atlantic County assessor or tax collector records are the source of truth for parcel taxes, appeal windows, and exemptions.
How ZIP 08402 Compares
Median Annual Property Tax
ZIP 08402
1.14%
Effective rate
New Jersey Avg
2.04%
Effective rate
National Avg
1.10%
Effective rate
State Ranking
Property Tax Rank in New Jersey
Lower than 92% of ZIP codes in New Jersey(8th percentile, 559 ZIPs compared)
Property Tax Analysis
Property Tax Insights for ZIP 08402
Property owners in ZIP code 08402 (Margate City, New Jersey) pay a median of $7,356/year in property taxes on homes valued at $645,200. This translates to an effective tax rate of 1.14%, which is 44% below the New Jersey state average of 2.04%.
The monthly property tax burden for a median-valued home in 08402 is approximately $613, which factors into escrow payments on mortgages. This ZIP code is located within Atlantic County. This is $1,241 less than the New Jersey average of $8,597/year.
Compared to similar ZIP codes in New Jersey, 08402 has lower property taxes. ZIP codes with similar effective rates include 07030 (1.14%) and 07086 (1.14%).
In Margate City, property taxes represent approximately 6.4% of the median household income of $114,417, 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.
Frequently Asked Questions
What is the property tax rate in ZIP code 08402?
How much are property taxes in Margate City, NJ (08402)?
How does ZIP 08402 compare to the New Jersey average?
What is the median home value in ZIP 08402?
What county is ZIP code 08402 in?
Margin of Error
The median property tax estimate for this ZIP code has a margin of error of ±$568. ZCTA-level data has wider margins than county-level estimates due to smaller sample sizes.
County-Level Data
ZIP code 08402 is part of Atlantic County, New Jersey. View the full county profile for broader context and more data.
View Atlantic County on TaxByCounty →Why compare these ZIPs?
Better comparison set for ZIP 08402
Each ZIP highlights a homebuyer tradeoff: lower rate, stronger value context, shared county rules, city boundary changes, or nearby missing data.
08403
Longport, NJ
0.21 percentage points lower than ZIP 08402.
Rate
0.93%
Tax
$9,650
Quality
86
07620
Alpine, NJ
0.64 percentage points lower than ZIP 08402.
Rate
0.50%
Tax
$10,001
Quality
68
08247
Stone Harbor, NJ
0.58 percentage points lower than ZIP 08402.
Rate
0.56%
Tax
$10,001
Quality
70
07078
Short Hills, NJ
0.53 percentage points lower than ZIP 08402.
Rate
0.61%
Tax
$10,001
Quality
70
08202
Avalon, NJ
0.65 percentage points lower than ZIP 08402.
Rate
0.49%
Tax
$7,718
Quality
80
08738
Mantoloking, NJ
0.44 percentage points lower than ZIP 08402.
Rate
0.70%
Tax
$10,001
Quality
70
07976
New Vernon, NJ
0.41 percentage points lower than ZIP 08402.
Rate
0.73%
Tax
$10,001
Quality
72
07717
Avon By The Sea, NJ
0.40 percentage points lower than ZIP 08402.
Rate
0.74%
Tax
$10,001
Quality
70
Data from U.S. Census Bureau, American Community Survey 2019-2023 5-Year Estimates (ZCTA level). ZIP Code Tabulation Areas (ZCTAs) are Census approximations of USPS ZIP codes.
Estimates are informational only and should not be used as financial or legal advice.