THE ULTIMATE LBI BUYER’S GUIDE
Everything You Need to Know About Buying a Home on Long Beach Island
Property Taxes
Property taxes on Long Beach Island vary by town. A rough estimate for annual property taxes is $5,000-$8,000 for a Cape Cod-style home and $10,000-$35,000 for newer construction. Beach Haven may have a higher tax rate, while Ship Bottom tends to have the lowest. A helpful way to estimate property taxes is to multiply the home price by 0.65%. However, tax information in MLS listings may be inaccurate, especially for new constructions, so it’s important to verify this before purchasing.
Learn More
Property taxes will vary between the different towns on Long Beach Island. A very rough number to estimate annual property taxes will be between $5,000 and $8,000 for a Cape Cod-style home and $10,000 to $35,000 for a newer construction. Beach Haven can, at times, register a higher overall tax rate, and Ship Bottom tends to be the lowest. A general but helpful way to estimate property taxes is to multiply the price of the home by 0.65%. This is only an estimate, but it will typically be in the range of property taxes on Long Beach Island. Keep in mind that often times, the taxes shown in the MLS are incorrect, especially in the case of a new construction on Long Beach Island, so it is very important to verify this information before buying a home.