Property Taxes in Lawrence Township, New Jersey
Median Lawrence Township, New Jersey effective property tax rate: 3.04%, significantly higher than the national median of 1.02%, and higher than the New Jersey state median of 2.88%.
Median Lawrence Township, New Jersey home value: $238,700
Median annual Lawrence Township, New Jersey tax bill: $7,217, $4,817 higher than the national median property tax bill of $2,400.
How are property taxes in Mercer calculated?
Property taxes in Lawrence Township, New Jersey 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 Lawrence Township's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Lawrence Township, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
How Does the Lawrence Township Property Tax Calculator Work?
Use this Lawrence Township property tax calculator to estimate your annual property tax bill. Enter your property’s assessed value and the calculator applies Lawrence Township’s median effective tax rate of 3.04% — based on actual property records in Mercer County — to generate your estimate.
Enter your property’s estimated assessed value — the figure used to calculate your bill, which reflects any exemptions you hold and is typically lower than your home’s market value. The calculator applies Lawrence Township’s median effective rate across local levies, giving a more accurate estimate than using a single county millage rate.
Your bill may vary by ZIP code within Lawrence Township, though the available data shows the highest and lowest median tax bill are both $7,217 in 08648. That amount is also higher than New Jersey’s median tax bill of $2,400 by $4,817 and above the national median property tax rate of 1.02%.
For a more precise estimate, scroll down to explore ZIP code-level tax rate trends across Lawrence Township.
About Lawrence Township Property Taxes
About Property Taxes in Lawrence Township, Mercer, New Jersey
Lawrence Township's median effective property tax rate of 3.04% is higher than the New Jersey state median of 2.88% and higher than the national median of 1.02%. This rate reflects the Mercer County base levy combined with local school district levies and special assessment districts that vary by subdivision throughout the township.
Property tax rates are not uniform across Lawrence Township. Homeowners in the 08648 ZIP code carry a median effective rate of 3.04%, while those in the same ZIP code also pay 3.04%. This spread — 0 percentage points across the same township — reflects how school district boundaries and local assessment districts are drawn across Mercer County. Understanding which part of Lawrence Township you live in can make a meaningful difference to your annual tax bill.
Lawrence Township homeowners who believe their assessed value is too high can file a formal appeal with the Tax Assessor before the April 1, 2026 deadline each year.
If your estimated bill above seems higher than expected, Ownwell can review your assessment and protest on your behalf. You only pay if we save you money.
Property Tax Rates Across Lawrence Township, Mercer County, New Jersey
As noted earlier, local government entities set tax rates, which can vary widely within a state.
Why? Because annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate.
While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.
Below, you can compare Lawrence Township's effective property tax rate to other cities in New Jersey and the median property tax rates in New Jersey and the U.S.
Property Tax Rates Across Lawrence Township, Mercer County, New Jersey
Source: Ownwell
2.51%
4.04%
5.57%
Our median effective property tax rate (tax bill Ă· 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 Lawrence Township Tax Rate
3.04%
Our median effective property tax rate (tax bill Ă· 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 Mercer County Tax Rate
3.30%
Median Effective New Jersey Tax Rate
2.88%
Median Effective United States Tax Rate
1.27%
Property Tax Rates Across Lawrence Township, Mercer County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 08648 | 3.04% | 3.04% | 3.04% | 3.04% | 3.04% |
Source: Ownwell
Property Tax Assessment Values Across Lawrence Township, Mercer County, New Jersey
When examining property taxes in Lawrence Township, New Jersey, 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 tax assessor 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.
Assessment notices:
In Mercer County, assessment notices are sent in January each year. They'll typically reach your mailbox by the middle of January.
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. For Lawrence Township, the median home price is $238,700, and the median property tax bill is $7,217, well above the national median property tax bill of $2,400. The highest median home price is in 08648 at $238,700.
Property Tax Assessment Values Across Lawrence Township, Mercer County, New Jersey
Source: Ownwell
$42,100
$567,900
$1,093,700
Median Lawrence Township Market Value
$238,700
Median Mercer County Market Value
$217,000
Median New Jersey Market Value
$288,200
Median United States Market Value
$274,101
Property Tax Assessment Values Across Lawrence Township, Mercer County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 08648 | $143,600 | $175,325 | $238,700 | $336,000 | $446,550 |
Source: Ownwell
Property Tax Bills Across Lawrence Township, Mercer County, New Jersey
Property tax bills in Lawrence Township are calculated by multiplying a home’s assessed value by the local tax rate set by Mercer County and other taxing authorities. The assessed value is based on the market value of the property, which means homes with higher values generally face higher tax bills. Local budgets for schools, municipal services, and county operations also affect the final amount homeowners pay.
For a home with a median price of $238,700, the property tax bill can vary widely. The 25th percentile tax bill is $5,307, while the 75th percentile is $10,158 and the 90th percentile reaches $13,472. The median tax bill in ZIP code 08648 is $7,217.
Because property taxes are tied to assessed value and local rates, homeowners in Lawrence Township may see their bills rise when home values increase or when taxing budgets change.
Property Tax Bills Across Lawrence Township, Mercer County, New Jersey
Source: Ownwell
$2,305
$17,864
$33,423
Median Lawrence Township Tax Bill
$7,217
Median Mercer County Tax Bill
$7,344
Median New Jersey Tax Bill
$8,638
Median United States Tax Bill
$3,209
Property Tax Bills Across Lawrence Township, Mercer County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 08648 | $4,352 | $5,307 | $7,217 | $10,158 | $13,472 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | April 1 |
Links | |
|---|---|
| Mercer Tax Assessor | |
| Website | pip.mercercounty.org |