Mercer County, New Jersey Property Taxes
Census Bureau ACS property tax data for New Jersey. Population: 87,554.
The median annual property tax in Mercer County is $8,804, which is 3% higher than the New Jersey state average and 358% above the national average. The effective tax rate is 2.51% on a median home value of $351,000. Property taxes represent 9.1% of the median household income in this county.
Median Annual Tax
$8,804
+3% vs State
+358% vs US
Median Home Value
$351,000
-13% vs State
+66% vs US
Effective Tax Rate
2.51%
+14% vs State
+164% vs US
With vs Without Mortgage
With Mortgage
$8,934
$745/mo
Without Mortgage
$8,572
$714/mo
Homeowners with a mortgage typically own higher-valued properties, which can result in higher tax bills.
Property Tax History
| Year | Median Tax | Effective Rate |
|---|---|---|
| 2023 | $8,804 +2.7% | 2.51% |
| 2022 | $8,576 +5.0% | 2.62% |
| 2021 | $8,166 +5.2% | 2.76% |
| 2020 | $7,765 -1.2% | 2.68% |
| 2019 | $7,862 | 2.70% |
Tax Burden
Tax-to-Income Ratio
9.1%
of median household income
Median Income
$96,333
per year
Monthly Tax
$734
per month
Other Counties in New Jersey
Hudson County
Tax: $9,413/yr Rate: 1.85%
Hunterdon County
Tax: $10,001/yr Rate: 2.01%
Camden County
Tax: $8,063/yr Rate: 3.08%
Middlesex County
Tax: $9,684/yr Rate: 2.20%
Monmouth County
Tax: $10,001/yr Rate: 1.77%
Cumberland County
Tax: $5,048/yr Rate: 2.46%
Frequently Asked Questions
What is the average property tax in Mercer County, New Jersey? ▼
The median annual property tax in Mercer County is $8,804 based on the most recent Census Bureau American Community Survey data. The effective tax rate is 2.51% on a median home value of $351,000.
How does Mercer County property tax compare to the national average? ▼
Property taxes in Mercer County are 358% above the national average of $1,923. The effective rate of 2.51% compares to 0.95% nationally.
Does having a mortgage affect property taxes in Mercer County? ▼
In Mercer County, homeowners with a mortgage pay a median of $8,934 in annual property taxes, while homeowners without a mortgage pay $8,572. This difference often reflects the value of homes rather than different tax rates.
What percentage of income goes to property taxes in Mercer County? ▼
Property taxes in Mercer County represent approximately 9.1% of the median household income of $96,333. The national benchmark is generally 2-4% of household income.
Explore More Data
Data source: U.S. Census Bureau, American Community Survey 5-Year Estimates. Property tax data reflects median amounts paid by homeowners. Effective rates are calculated as median tax divided by median home value.