Hamilton, Mercer County, New Jersey Property Taxes

Name: Property Tax Bills Across Hamilton, Mercer County, New Jersey
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Hamilton, NJ effective property tax rate: 3.25%, significantly higher than the national median of 1.02%, but lower than the New Jersey state median of 2.82%.
Median Hamilton, NJ home value: $195,200
Median annual Hamilton, NJ tax bill: $6,346, $3,946 higher than the national median property tax bill of $2,400.

How are property taxes in Mercer calculated?

Property taxes in Hamilton, NJ are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.

Understanding Hamilton’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Hamilton, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Hamilton, Mercer County, New Jersey Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

3.25%

Estimate Property Tax Bill

$6,344

$5,887

Ownwell’s Hamilton Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Hamilton with just two data points.

By entering your property's estimated assessed value, our calculator applies Hamilton’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations.

This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Mercer County.

For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Hamilton, Mercer County, New Jersey

Local government entities set tax rates, which can vary widely within a state. This is because each year, counties estimate their required budget to provide services and divide that by the total value of all taxable property within their jurisdiction, resulting in the property tax rate. Although votes and laws play a role in setting tax rates and budgets, this annual process is a key factor. In Hamilton, located in Mercer County, New Jersey, the effective property tax rate stands out compared to other cities in the state. New Jersey is known for having one of the highest property tax rates in the nation, and Hamilton is no exception. With a median property tax rate significantly higher than the national median of 1.02%, property owners in Hamilton face a notable tax burden. This high rate can be attributed to the county's budgetary needs and the assessed value of properties. Understanding these dynamics can help property owners in Hamilton better navigate their tax obligations and explore potential avenues for tax appeals or exemptions.

Property Tax Rates Across Hamilton, Mercer County, New Jersey

Source: Ownwell

2.43%

3.94%

5.46%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Hamilton Tax Rate

3.25%

Median Effective Mercer County Tax Rate

3.25%

Median Effective New Jersey Tax Rate

2.82%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Hamilton, Mercer County, New Jersey

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
08610	3.25%	3.25%	3.25%	3.25%	3.25%
08619	3.25%	3.25%	3.25%	3.25%	3.25%
08620	3.25%	3.25%	3.25%	3.25%	3.25%
08690	3.25%	3.25%	3.25%	3.25%	3.25%
08609	N/A	N/A	N/A	N/A	N/A
08611	N/A	N/A	N/A	N/A	N/A
08629	N/A	N/A	N/A	N/A	N/A
08691	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Hamilton, Mercer County, New Jersey

When examining property taxes in Hamilton, NJ, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Mercer County appraisal district estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.

In Mercer County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Hamilton.

For example, the median home price in Hamilton is $195,200, with tax bills ranging significantly across the county. Zip code 08690 has the highest median home price at $260,550.

Property Tax Assessment Values Across Hamilton, Mercer County, New Jersey

Source: Ownwell

$42,000

$637,025

$1,232,050

Median Hamilton Market Value

$195,200

Median Mercer County Market Value

$216,500

Median New Jersey Market Value

$282,900

Median United States Market Value

$235,294

Property Tax Assessment Values Across Hamilton, Mercer County, New Jersey

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
08610	$118,490	$151,925	$181,850	$198,200	$219,000
08619	$180,190	$200,350	$209,250	$222,150	$234,090
08620	$179,560	$198,500	$225,700	$251,550	$272,020
08690	$177,530	$228,625	$260,550	$297,600	$319,650
08609	N/A	N/A	N/A	N/A	N/A
08611	N/A	N/A	N/A	N/A	N/A
08629	N/A	N/A	N/A	N/A	N/A
08691	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Hamilton, Mercer County, New Jersey

In Hamilton, located in Mercer County, NJ, property tax bills are determined by multiplying the assessed value of a property by the local tax rate. This assessed value is typically a percentage of the market value, which can fluctuate based on real estate trends and local government assessments. Hamilton homeowners face property tax bills that can vary significantly, with the 25th percentile at $5,464 and the 75th percentile reaching $7,516. The 90th percentile tax bill climbs to $8,757, with the highest median tax bill in the area being $8,470 in zip code 08690. These figures are notably above the national median property tax bill of $2,400, reflecting the region's higher property tax rates.

Homeowners in Hamilton can benefit from appealing their property tax assessments to ensure they are not overpaying. Ownwell offers specialized property tax appeal services, helping homeowners potentially reduce their tax bills by ensuring accurate assessments and identifying applicable exemptions. By leveraging Ownwell's expertise, homeowners can navigate the complexities of property tax appeals and potentially achieve significant savings.

Property Tax Bills Across Hamilton, Mercer County, New Jersey

Source: Ownwell

$2,276

$19,576

$36,875

Median Hamilton Tax Bill

$6,346

Median Mercer County Tax Bill

$7,200

Median New Jersey Tax Bill

$8,227

Median United States Tax Bill

$2,400

Property Tax Bills Across Hamilton, Mercer County, New Jersey

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
08610	$3,852	$4,939	$5,912	$6,443	$7,120
08619	$5,858	$6,513	$6,803	$7,222	$7,610
08620	$5,837	$6,453	$7,338	$8,178	$8,843
08690	$5,771	$7,433	$8,470	$9,675	$10,392
08609	N/A	N/A	N/A	N/A	N/A
08611	N/A	N/A	N/A	N/A	N/A
08629	N/A	N/A	N/A	N/A	N/A
08691	N/A	N/A	N/A	N/A	N/A

Source: Ownwell