Here’s The Average Property Tax Bill In Princeton

PRINCETON, NJ — Princeton residents saw an average increase of 2.42 percent in their property taxes for 2020, according to information provided by the state.

The data released this month comes from the New Jersey Department of Community Affairs (DCA).

According to information provided to Patch, the average property tax bill in Princeton was $20,352. It was among the top 10 tax paying townships in the state.

Here's the breakdown for last year's property tax bill in the township:

• Average Residential Property Value – $841,064
• Average Total Property Taxes - $20,352
• Percentage Increase From 2019 – 2.42%

A property owner's taxes are composed of three parts: county, school and municipal. Here's how it broke down in Princeton in 2020:

• Total Levy On Which Tax Rate Is Computed - $174, 212, 539
• Total County Levy – 30.1%
• Total School Levy - 48.9%
• Total Municipal Tax Levy - 21.1%

• Princeton, $20,352
• West Windsor Township, $14,653
• Hopewell Township, $13,858
• Pennington Borough, $13,460
• Hopewell Borough, $12,336
• Robbinsville Township, $11,163
• Hightstown Borough, $9,421
• East Windsor Township, $8,519
• Lawrence Township, $8,217
• Ewing Township, $6,892
• Hamilton Township, $6,255
• Trenton City, $3,423

New Jersey's property taxes, which are the highest in the nation, went up. On average, the state's property taxes rose 1 percent, from $8,953 to $9,112, between 2019 and 2020. But it was lower than the 2 percent cap, according to the analysis.

By contrast, between 2018 and 2019, the average homeowner's tax bill rose from $8,767 to $8,953, an increase of 2.12 percent.

(This article contains reporting from Tom Davis, Patch staff)

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