 A change to base contributions on the number of students would cut property taxes in Cape May by $1,250 per home and in West Cape May by almost $1,100, while taxes for the average homeowner in Lower Township would increase by more than $400.In 2012, Cape May contributed $6 million in property taxes and sent 120 students to the regional district, an average of $50,000 per student.In 2013, the Lower Cape May Regional School District received a feasibility study that would look at ways to reconfigure the district, which had been established in 1956.