5 Best Places to Live in NJ With Low Taxes

2. Cape May Point Borough

Effective General Tax Rate: 0.58%

Cape May Point is the southernmost point in New Jersey and sees its population fluctuate seasonally. It is also one of the few municipalities in New Jersey where alcohol cannot be sold. The borough shares a coast with the Atlantic Ocean, and its median family income is a low $71,875. Unlike other New Jersey boroughs, however, Cape May votes Democrat in Presidential elections but switches to Republican in gubernatorial polls – to strike a bipartisan balance.