Princeton property tax: where it goes
A typical Princeton house pays about $24,820 a year on the property tax bill, including flat charges on the same bill. Estimated from public rates, not anyone's actual bill.
A Princeton house pays 2.865% of its taxable value in property tax. For a house at $866,204 of value before exemptions, that's about $24,817 a year.
Tax is levied on The 2026 combined property tax bill for a home with the average assessed value of $866,204 will be $24,817..
Pay or manage it
Who taxes this house
| Taxing agency | Rate | On $866,204 |
|---|---|---|
| Combined county, school, municipal, library and open space tax | 2.865% | $24,817 |
| Total | 2.865% | $24,817 |
2026 tax year, Municipality of Princeton (Mercer County).
How Princeton compares with nearby cities
Property tax rate
- Manville · 13 mi2.07%
- Bound Brook · 16 mi2.17%
- Middlesex · 17 mi2.17%
- South River · 16 mi2.67%
- Princeton2.86%
- Trenton · 11 mi5.89%
The combined rate of every agency on the bill, before exemptions.
Ways to pay less
- Homeowners with income up to $250,000: ANCHOR property tax relief. New Jersey pays eligible homeowners $1,500 if 2025 income was $150,000 or less, or $1,000 if it was $150,001 to $250,000. The state filed for most eligible homeowners under 65; seniors and disability recipients can apply with Form PAS-1. How: Apply on the NJ Division of Taxation ANCHOR page; the deadline for the 2025 application is November 2, 2026.
- Seniors 65+ or disabled, income under the limit: $250 property tax deduction. The state offers an annual $250 property tax deduction to people age 65 or older, or disabled, who have lived in New Jersey at least one year and meet income guidelines. How: See the NJ Division of Taxation senior deduction page for how to apply.
- Veterans: $250 property tax deduction. Honorably discharged veterans with active duty service may qualify for an annual $250 property tax deduction. How: See the NJ Division of Taxation veterans deduction page for how to apply.
- 100% disabled veterans: property tax exemption. Honorably discharged veterans who were 100% permanently and totally disabled during active duty service may qualify for an annual property tax exemption on their main home. How: File Form D.V.S.S.E. and documentary proofs with your local assessor.
Dates
| When | What |
|---|---|
| Feb 1, May 1, Aug 1, Nov 1 | Property tax and sewer bills are due quarterly, with a 10-day grace period. |
| Apr 1 | Last day for a property tax appeal petition to reach the County Board of Taxation or the State Tax Court; May 1 where a municipal revaluation or reassessment has been undertaken. |
Sources
Checked October 28, 2026. Every number here comes from the public sources listed, matched by our checker.
Rates change every year; this page shows when it was last checked. Nothing here is legal, tax or insurance advice.
Property tax in other New Jersey cities
North Arlington property taxNorth Plainfield property taxOakland property taxPalisades Park property taxPerth Amboy property taxPoint Pleasant property taxRamsey property taxRidgefield property taxRoselle Park property taxSomers Point property taxSouth Amboy property taxSouth River property taxAll New Jersey cities →