Property Tax Analysis for Mercer County, NJ
Property tax rates, assessment ratios, and appeal potential in Mercer County.
Effective Tax Rate
2.6%
Annual Tax Bill
$8,583
Monthly Escrow
$715
Tax Burden
9.3% of income
Tax Assessment Details
Current Assessment
Market Value$327,600
Est. Assessed Value$278,460
Assessment Ratio~85%
Effective Rate2.6%
Appeal Potential
Potential Annual Savings$1,287
5-Year Savings$6,435
vs National Averageabove (1.1%)
Appeal Success Rate~40-60%
About Property Taxes in Mercer County
Mercer County in New Jersey has an effective property tax rate of 2.6%, which is above the national average of 1.1%. On a median home value of $327,600, that translates to $8,583 annually or $715 per month in escrow.
Property tax assessments can often be successfully appealed. Our calculator models assessment ratios, comparable sales analysis, and appeal timing to estimate your potential savings with Monte Carlo simulation.
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