If you live in Cranbury, NJ, you may be surprised by how your property tax bill is actually divided.
During my conversation with the Mayor of Cranbury, I asked a simple question: if a resident pays $20,000 in property taxes, how much of that money actually stays with the municipality?
According to the Mayor, the largest portion of the tax bill goes toward schools at 51%, including Cranbury’s relationship with Princeton High School.
The rest of the tax bill is divided approximately as follows:
- 24.6% — Middlesex County
- 21% — Cranbury municipal government
- 2.4% — Library
- 1% — Municipal open space
That means only about one-fifth of the total property tax bill goes directly to the municipality.
Understanding where property taxes go is important for Cranbury homeowners, especially when conversations come up around municipal spending, school funding, development, affordability, and the overall cost of living in Cranbury, New Jersey.
This clip comes from my full conversation with the Mayor of Cranbury on The Wilton Report, where we discuss the issues and decisions shaping the community.
