Tax Burden in ZIP Code 08540
Princeton, NJ — Mercer County
At the median income of $135,000, the estimated total tax burden in ZIP 08540 is $53,658 (39.7% effective rate), including federal income tax, FICA, and property tax.
Federal Tax (est.)
$24,300
FICA
$10,328
Property Tax
$19,030
Total Tax Burden
$53,658
39.7% effective
Tax Details for ZIP 08540
ZIP code 08540 is located in Mercer County, NJ, within the Trenton MSA metropolitan area. The area has a cost of living index of 145 (100 = national average), making it more expensive than most parts of the country.
The effective property tax rate is 2.20%. On the median home price of $865,000, this equals $19,030 per year ($1,586/month).
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