Mayor Jay Gillian said that in the first weeks of August, tax bills are expected to be mailed to every property owner after Ocean City’s Tax Office has just received the final certified tax rate for 2023.
The payment and grace period deadlines would be usually on August 1 to August 10 and might be extended accordingly.
OCNJ Daily News reported that this mailing of the tax bills will also include final tax bills for the third and fourth quarters of 2023 and estimated tax bills for the first and second quarters of 2024, Gillian said in a statement posted on the city’s website.
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Property Tax Bills In Ocean City Are Growing
Patch News reported that Ocean City falls on the list of highest and lowest property taxes in New Jersey.
The price tag in Ocean City is increasing, according to recently released state data. The New Jersey Department of Community Affairs (NJDCA) has claimed that the latest tax tables, which are based on 2022 data.
The average property valued at $351,702 paid $9,490 in 2022 taxes and it rise nearly up to 2.22 percent from the previous year.
According to the NJDCA, Ocean City homeowners rank 454 out of 564 when it comes to property tax bills. The average home value in Ocean City is $623,986, residents paid $6,408 in taxes up from $6,196 before.