Property Taxes in Lawrenceville, New Jersey
Median Lawrenceville, 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 Lawrenceville, New Jersey home value: $251,150
Median annual Lawrenceville, New Jersey tax bill: $7,593, $5,193 higher than the national median property tax bill of $2,400.
How are property taxes in Mercer calculated?
Property taxes in Lawrenceville, 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 Lawrenceville's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Lawrenceville, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
How Does the Lawrenceville Property Tax Calculator Work?
Use this Lawrenceville property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Lawrenceville'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. Our calculator applies Lawrenceville's median effective rate across all local levies, providing a more accurate estimate than applying a single county millage rate.
Lawrenceville's median effective tax rate is higher than the New Jersey median tax rate of 2.88%, and the median property tax bill is $7,593, which is $5,193 higher than the state median bill. Your bill may vary by ZIP code within Lawrenceville, but the median tax bill is $7,593 in 08648.
For a more precise estimate, scroll down to explore ZIP code-level tax rate trends across Lawrenceville.
About Lawrenceville Property Taxes
About Property Taxes in Lawrenceville, Mercer, New Jersey
Lawrenceville’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 city.
Property tax rates are not uniform across Lawrenceville. Homeowners in the 08648 ZIP code carry a median effective rate of 3.04%, while those in the same ZIP also pay 3.04%. This reflects how school district boundaries and local assessment districts are drawn across Mercer County. Understanding which part of Lawrenceville you live in can make a meaningful difference to your annual tax bill.
Lawrenceville 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 Lawrenceville, 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 Lawrenceville's effective property tax rate to other cities in New Jersey and the median property tax rates in New Jersey and the U.S.
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 Lawrenceville Tax Rate
3.04%
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 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 Lawrenceville, 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 Lawrenceville, Mercer County, New Jersey
When examining property taxes in Lawrenceville, 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 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.
Assessment notices:
In Mercer County, assessment notices are sent in the spring 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. 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 Lawrenceville.
For example, the median home price in Lawrenceville is $251,150, with tax bills ranging significantly across the county. 08648 has the highest median home price at $251,150.
Property Tax Assessment Values Across Lawrenceville, Mercer County, New Jersey
Source: Ownwell
$42,100
$567,900
$1,093,700
Median Lawrenceville Market Value
$251,150
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 Lawrenceville, Mercer County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 08648 | $192,690 | $208,600 | $251,150 | $297,550 | $340,880 |
Source: Ownwell
Property Tax Bills Across Lawrenceville, Mercer County, New Jersey
Property tax bills in Lawrenceville are based on the assessed value of a home, not its market price alone. Local tax rates are applied to that assessment, and the resulting bill reflects how much taxable value the property has in Mercer County. For homeowners, this means two homes with similar market values can still have different tax bills if their assessed values differ.
In Lawrenceville, the median home price is $251,150, while the median property tax bill is $7,593. That is well above the national median property tax bill of $2,400 and the national median property tax rate of 1.02%. Bills in the area also vary widely, with the 25th percentile at $6,319 and the 75th percentile at $9,019, showing how assessments and local tax calculations can significantly affect what homeowners owe each year.
Property Tax Bills Across Lawrenceville, Mercer County, New Jersey
Source: Ownwell
$2,305
$17,864
$33,423
Median Lawrenceville Tax Bill
$7,593
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 Lawrenceville, Mercer County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 08648 | $5,832 | $6,319 | $7,593 | $9,019 | $10,222 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | April 1 |
Links | |
|---|---|
| Mercer Tax Assessor | |
| Website | pip.mercercounty.org |