Property Tax Rates" />
The median property tax (also known as real estate tax) in Mercer County is $6,245.00 per year, based on a median home value of $309,300.00 and a median effective property tax rate of 2.02% of property value.
Mercer County collects very high property taxes, and is among the top 25% of counties in the United States ranked by property tax collections. Of the twenty-one counties in New Jersey, Mercer County is ranked 11th by median property taxes, and 6th by median tax as percentage of home value.
While Mercer County collects a median of 2.02% of a property's each year as property tax, the actual amount of property tax collected is lower compared to the rest of New Jersey. This is partially because the median property value in Mercer County is $39,000.00 lower than the New Jersey median property value of $348,300.00.
Note: Due to the complicated and varied methods used to calculate property tax in different counties, the best way to compare property taxes between jurisdictions is through median property tax values. If you need to calculate the exact tax due on your property, contact the Mercer County Tax Assessor.
