Q: When are property taxes due in Mercer County for FY 2025-2026?
A: Property taxes are due August 1, 2025, with a 10-day grace period ending August 11, 2025. After the grace period, interest and penalties begin accruing on unpaid balances.
Q: What tax credits are available and do I need to apply?
A: Major tax credits include the Homestead Benefit (up to $680, requires annual application by October 31), Senior Citizens Credit ($250, requires application), Disabled Veterans Credit ($250, requires application with DD-214), and Widow/Widower Credit (varies, requires application). All credits require separate applications and are not automatic.
Q: How does the Homestead Benefit credit work?
A: The Homestead Benefit provides a tax credit (not exemption) that caps your annual assessment increase, typically limiting it to 10% or less regardless of market value changes. You must file annually by October 31st to maintain eligibility. This credit reduces your tax bill, not your assessed value.
Q: When can I appeal my property assessment?
A: Assessment appeals must be filed with the Mercer County Board of Taxation by April 1st of the tax year or within 45 days of receiving your assessment notification, whichever is later. Properties assessed over $1,000,000 may appeal directly to State Tax Court.
Q: What are the penalties for late property tax payments?
A: Interest accrues at 8% annually (prorated monthly) starting August 12th. Additional penalties may apply for payments more than 30 days late. After six months, the property may be subject to tax sale proceedings.
Q: Can I pay property taxes online?
A: Yes, most Mercer County municipalities offer online payment options through their official websites. You can typically pay by electronic check or credit/debit card, though convenience fees may apply for card payments.
Q: Why do tax rates vary within Mercer County?
A: Each municipality sets its own budget for local services, and properties may be located in different school districts, fire districts, library districts, or special improvement districts. Your total tax rate combines all applicable district rates for your specific location.
Q: How often are properties reassessed in Mercer County?
A: New Jersey requires counties to maintain assessments at current market value, but reassessment frequency varies by municipality. Some conduct annual updates while others perform comprehensive revaluations every 5-10 years. Contact your municipal tax assessor for your area's reassessment schedule.
Q: What triggers a supplemental tax bill?
A: Property ownership changes, completion of new construction, major renovations, or assessment corrections can trigger supplemental taxes. These are calculated on the increased assessed value for the remaining portion of the tax year.
Q: How do I verify my escrow payments are correct?
A: Review your annual escrow statement from your lender and compare it to your actual property tax bills. Contact your lender immediately if you notice discrepancies in the amounts paid or if taxes are paid to incorrect taxing authorities.
