Property Taxes in Skillman, New Jersey
Median Skillman, New Jersey effective property tax rate: 3.06%, significantly higher than the national median of 1.02%, and higher than the New Jersey state median of 2.88%.
Median Skillman, New Jersey home value: $1,093,700
Median annual Skillman, New Jersey tax bill: $33,423, $31,023 higher than the national median property tax bill of $2,400.
How are property taxes in Mercer calculated?
Property taxes in Skillman, 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 Skillman's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Skillman, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
How Does the Skillman Property Tax Calculator Work?
Use this Skillman property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Skillman's median effective tax rate of 3.06% — based on actual property records in Mercer County — to generate your estimate.
Enter your property's estimated assessed value — the figure the local appraisal district uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Skillman's median effective rate across all local levies, providing a more accurate estimate than applying a single county millage rate.
Your bill may vary by ZIP code within Skillman: rates range from 3.06% in 08558 to 3.06% in 08558, primarily due to differences in school district levies and local assessment districts.
For a more precise estimate, scroll down to explore ZIP code-level tax rate trends across Skillman.
About Skillman Property Taxes
About Property Taxes in Skillman, Mercer, New Jersey
Skillman’s median effective property tax rate of 3.06% 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 Skillman. Homeowners in the 08558 ZIP code carry a median effective rate of 3.06%, while those in the same ZIP also pay 3.06%. This spread — 0 percentage points across the same city — reflects how school district boundaries and local assessment districts are drawn across Mercer County. Understanding which part of Skillman you live in can make a meaningful difference to your annual tax bill.
Skillman homeowners who believe their assessed value is too high can file a formal appeal with the local 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 Skillman, 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 Skillman’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 Skillman Tax Rate
3.06%
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 Skillman, Mercer County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 08558 | 3.06% | 3.06% | 3.06% | 3.06% | 3.06% |
Source: Ownwell
Property Tax Assessment Values Across Skillman, Mercer County, New Jersey
When examining property taxes in Skillman, 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. 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 Skillman.
For example, the median home price in Skillman is $1,093,700, with tax bills ranging significantly across the county. 08558 has the highest median home price at $1,093,700.
Property Tax Assessment Values Across Skillman, Mercer County, New Jersey
Source: Ownwell
$42,100
$567,900
$1,093,700
Median Skillman Market Value
$1,093,700
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 Skillman, Mercer County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 08558 | $611,910 | $761,400 | $1,093,700 | $1,258,475 | $1,347,010 |
Source: Ownwell
Property Tax Bills Across Skillman, Mercer County, New Jersey
Property tax bills in Skillman are based on the assessed value of a home, which is then multiplied by the local tax rate to determine what a homeowner owes. Because property taxes are tied to market value and local budgets, the bill can change when assessments rise or when tax rates are adjusted. In Mercer County, this means homeowners may see higher bills on more valuable properties, especially in a market with a median home price of $1,093,700.
The typical property tax bill in Skillman is much higher than the national median property tax bill of $2,400, with the median bill in ZIP code 08558 at $33,423. Bills can also vary widely, with the 25th percentile at $23,268 and the 75th percentile at $38,459. For homeowners, that means property taxes can be a major part of housing costs and can significantly affect affordability, monthly budgeting, and long-term ownership expenses.
Median Skillman Tax Bill
$33,423
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 Skillman, Mercer County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 08558 | $18,700 | $23,268 | $33,423 | $38,459 | $41,165 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | April 1 |
Links | |
|---|---|
| Mercer Tax Assessor | |
| Website | pip.mercercounty.org |