How much are property taxes in Princeton, NJ?
Homeowners in Princeton, NJ pay a median of $10,000 or more a year in real estate taxes (2020–2024 American Community Survey, table B25103).
Homes with a mortgage pay a median of $10,000 or more.
Homes without a mortgage pay a median of $10,000 or more.
Figures last updated on .
- Median real estate taxes
- $10,000 or more
- With a mortgage
- $10,000 or more
- Without a mortgage
- $10,000 or more
Real estate taxes in Princeton against Mercer County, its state and the nation
| Princeton | Mercer County | New Jersey | United States | |
|---|---|---|---|---|
| Median real estate taxes | $10,000 or more | $8,909 (±$148) | $9,590 (±$25) | $3,119 |
| Homes with a mortgage | $10,000 or more | $9,074 (±$189) | $9,741 (±$29) | $3,489 |
| Homes without a mortgage | $10,000 or more | $8,613 (±$246) | $9,313 (±$48) | $2,576 |
| Median home value | $1,050,600 (±$46,184) | $377,700 (±$6,110) | $454,400 (±$1,150) | $332,700 |
How property taxes in Princeton have changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Median home value | $866,200 (±$45,726) | $1,050,600 (±$46,184) | +21.3% | No measurable change after inflation |
The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.
Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.
The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.
Median real estate taxes in places near Princeton
| Place | Distance | Median real estate taxes | Compared with this place |
|---|---|---|---|
| Princeton | — | $10,000 or more | — |
| Kingston | 3.2 mi | $9,472 (±$2,892) | — |
| Rocky Hill Borough | 3.3 mi | $10,000 or more | — |
| Princeton Junction | 3.4 mi | $10,000 or more | — |
| Plainsboro Center | 4.4 mi | $10,000 or more | — |
| Montgomery Township | 4.7 mi | $10,000 or more | — |
| Plainsboro Township | 4.7 mi | $10,000 or more | — |
| West Windsor Township | 5.1 mi | $10,000 or more | — |
| Lawrence Township (Mercer County) | 5.1 mi | $9,225 (±$360) | — |
None of the nearby places differs measurably from this one on this figure.
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median real estate taxes across Mercer County, place by place
| Rank | Place | Median real estate taxes |
|---|---|---|
| 1 (tie) | Hopewell Borough | $10,000 or more |
| 1 (tie) | Hopewell Township (Mercer County) | $10,000 or more |
| 1 (tie) | Pennington Borough | $10,000 or more |
| 1 (tie) | Princeton | $10,000 or more |
| 1 (tie) | Robbinsville Township | $10,000 or more |
| 1 (tie) | West Windsor Township | $10,000 or more |
| 7 | Hightstown Borough | $9,640 (±$1,054) |
| 8 | East Windsor Township | $9,597 (±$664) |
| 9 | Lawrence Township (Mercer County) | $9,225 (±$360) |
| 10 | Ewing Township | $7,891 (±$368) |
Showing 10 of 12 places in Mercer County, ranked from highest to lowest.
Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.
Margins of error are at the 90% confidence level.
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Questions about Princeton
How much are property taxes in Princeton?
The median real estate tax paid by homeowners in Princeton, NJ is $10,000 or more a year (2020–2024 American Community Survey).
Sources
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2020–2024 ACS 5-year estimates — Princeton, Mercer County, New Jersey
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Princeton, Mercer County, New Jersey
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2015–2019 ACS 5-year estimates — Princeton, Mercer County, New Jersey
- Median Value (B25077), 2015–2019 ACS 5-year estimates — Princeton, Mercer County, New Jersey
- Median Selected Monthly Owner Costs (B25088), 2015–2019 ACS 5-year estimates — Princeton, Mercer County, New Jersey
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) and detailed tables (acs/acs5) for Princeton, Mercer County, New Jersey (county subdivision:60900, in state:34 county:021).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are B25103_001E, B25103_001M, B25077_001E, B25077_001M, B25088_002E, B25088_002M from the 2019 release.
The API needs a free key.
B25103_001E, B25103_001M, B25103_002E, B25103_002M, B25103_003E, B25103_003M, DP04_0089E, DP04_0089M
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.
Figures last updated on .
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