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Ocean City
Ocean City
New Jersey
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Ocean City is a city in Cape May County, New Jersey, United States. As of the 2010 United States Census, the city's population was 11,701, reflecting a decline of 3,677 (-23.9%) from the 15,378 counted in the 2000 Census, which had in turn declined by 134 (-0.9%) from the 15,512 counted in the 1990 Census. In summer months, with an influx of tourists and second homeowners, there are estimated to be 115,000 to 130,000 within the city's borders. Ocean City originated as a borough by an act of the New Jersey Legislature on May 3, 1884, from portions of Upper Township, based on results from a referendum on April 30, 1884, and was reincorporated as a borough on March 31, 1890. Ocean City was incorporated as a city, its current government form, on March 25, 1897. The city is named for its location on the Atlantic Ocean. Known as a family-oriented seaside resort, Ocean City has prohibited the sale of alcoholic beverages within its limits since its founding in 1879, offering miles of guarded beaches, a boardwalk that stretches for 2.5 miles (4.0 km), and a downtown shopping and dining district. The Travel Channel rated Ocean City as the Best Family Beach of 2005. It was ranked the third-best beach in New Jersey in the 2008 Top 10 Beaches Contest sponsored by the New Jersey Marine Sciences Consortium. In the 2009 Top 10 Beaches Contest, Ocean City ranked first.

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Taxes

C

How did New Jersey earn the grade of C? We examined the state taxes based on how age friendly they are. New Jersey has a state sales tax of 6.63%. Of particular interest is that New Jersey does not have taxes on social security. There are estate taxes. There are taxes imposed on inheritance. New Jersey has an effective property tax rate of 2.40%. Weighing these taxes and other taxes most likely to impact the aging population is how New Jersey earned its state tax grade of C.

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