New Jersey— Property Tax & Closing Costs
2024 Census dataEffective tax rate
2.30%
of assessed value annually
Median home value
$295,000
2024 ACS survey
Median taxes paid
$6,776/yr
2024 data
Atlantic County's 2.30% effective property tax rate ranks 32nd highest among the 3,134 US counties tracked, placing it in the top 5% highest nationally. Within New Jersey's 21 counties, it's the 7th highest. On the county's median home value of $295,000, the typical homeowner pays $6,776 annually in property tax — $5,147 more than the national median of $1,629. At closing, New Jersey's 0.78% combined real estate transfer tax adds roughly $2,301 on a median-priced home, typically paid by the seller. About 11.6% of the county lies within a FEMA flood hazard zone — worth checking msc.fema.gov for any specific address before buying.
Calculate your true cost
Enter any purchase price to see the full cost breakdown for Atlantic County.
County median: $295,000
Leave at $0 if the property has no homeowners association.
LTV: 80.00%
At closing
Monthly ongoing
Year one
Moderate flood risk. Some neighborhoods require flood insurance — check your property at msc.fema.gov.
All figures are estimates for planning purposes only. Mortgage payment assumes a 30-year fixed rate of 6.8% — your lender will confirm the actual rate. Closing costs vary by lender and transaction. Consult a licensed real estate attorney and lender before making any financial decisions.
New Jersey property tax exemptions
Ways buyers in Atlantic County may reduce their annual property tax. These programs apply statewide; verify county specifics with your local assessor.
ANCHOR Program
Direct property tax relief for NJ homeowners with 2024 income ≤$250,000 (renters up to $150,000). Benefits scale by income and age, paid as check or direct deposit.
View official source →Senior Freeze / Stay NJ (PAS-1)
Senior Freeze reimburses eligible seniors (65+) for property tax increases above base year; 2025 income limit $172,475. Stay NJ adds 50% property tax credit (up to $6,500) for seniors with income under $500,000. PAS-1 unifies all three.
View official source →Veterans Deduction / 100% Disabled Veteran Exemption
$250 annual deduction for honorably discharged veterans with active-duty service. Full exemption for veterans with 100% permanent service-connected disability on primary residence.
View official source →$250 Senior/Disabled Deduction
$250 annual deduction for residents 65+ or permanently disabled with annual income ≤$10,000 (excluding Social Security or federal/state pension).
View official source →Last verified 2026-04. Exemption amounts and eligibility change frequently — always confirm with your county assessor before claiming.
Frequently asked questions
Answers to common questions about buying a home in Atlantic County.
The effective property tax rate in Atlantic County is 2.30% — calculated as the median annual property tax paid ($6,776) divided by the median home value ($295,000), using 2024 US Census ACS 5-year estimates. Your actual bill depends on your purchase price, homestead or senior exemptions, and any special assessments applied in your taxing district.
New Jersey's combined real estate transfer tax is approximately 0.78% of the purchase price. On the median Atlantic County home value of $295,000, this adds roughly $2,301 at closing. Graduated Realty Transfer Fee, seller-paid: approximately $2.00–$6.05 per $500 depending on price tier (≈0.78% effective at median ~$400k). Effective July 10, 2025, the former 'Mansion Tax' on sales over $1M shifted from buyer to seller with new rates: 1% ($1M–$2M), 2% ($2M–$2.5M), 2.5% ($2.5M–$3M), 3% ($3M–$3.5M), 3.5% (over $3.5M).
Only in parts. About 11.6% of Atlantic County's land area is within a FEMA Special Flood Hazard Area. Most homes are outside these zones, but worth verifying the specific address at msc.fema.gov.
Closing costs for a buyer in Atlantic County typically run $5,900–$14,750 (2–5% of purchase price) on a median-priced home, including title insurance ($800–$2,000), appraisal ($400–$700), home inspection ($350–$600), recording fees ($100–$300), and loan origination (0.5–1.0% of the loan amount). Use the calculator above for a specific estimate at your purchase price.
Data sources for Atlantic County
Every figure on this page is traceable. Verify the numbers yourself against the original public data.
Source for the 2.30% effective property tax rate, median home value, and median taxes paid (ACS 5-year, 2024 vintage).
Source for county-level flood zone exposure, wildfire risk, and other natural hazard ratings. Updated quarterly by FEMA.
Look up a specific property's flood zone and insurance rate map before making an offer on a home in Atlantic County.
Guides for New Jersey home buyers
What every buyer should read before making an offer.
HOA Documents
HOA lawsuits — how to check for pending litigation against your future HOA before you close
A buyer closed on a house and only then found out about ongoing HOA lawsuits. Six checks you can run yourself before your contingencies expire.
Read the guide →HOA Documents
Undisclosed HOA special assessment — what you can do if you find out after closing
HOA special assessment not on the disclosure? One buyer got a $15,000 bill the day after closing. How to catch it before — and what to do after.
Read the guide →