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Positive Changes
You Can See
(Financial Status)

West Windsor Moving
Forward Together
Positive Changes You Can See
• Obtained more than $108 million
commitments for local programs
outside of local taxes
• Maintaining a AAA Bond Rating
has saved more than $1.5 million
• Expanding Commercial Ratables
by adding major tenants like Tyco,
NRG, BlackRock, and Otsuka
Press Conference with the NJ
Mayors Coalition for Return of
Energy Tax to Municipalities
Comparison of Municipal
Purpose Tax Rates
Municipality

Open Space

Fire District

Municipal Library Tax Municipal Purpose Tax

Total Tax Rate

Trash Collection
Included in Municipal
Tax?

East Windsor

0

0.431

0.431

No

Ewing

0

1.272

1.272

Yes

Hamilton

0.16 - 0.883

1.149

1.373 - 2.003

Yes

Hightstown

0

1.125

1.125

Yes

0.46

0.561

Yes

0.054

Hopewell Boro.

0.01

0.06

Hopewell Twp.

0.03

0.074

0.318

0.422

No

Lawrence

0.03

0

0.94

0.97

Yes

Pennington

0.01

0.03

0.033

0.404

0.477

Yes

0

0.042

3.783

3.825

Yes

Trenton

0.031

Robbinsville

0.05

0

0.522

0.572

Yes

West Windsor

0.02

0

0.38

0.4

Yes

Plainsboro

0.01

0.05

0.035

0.333

0.428

No

Princeton

0.017

0

0.036

0.418

0.471

Yes

Unit: $ per $100 asessed property value
Total Municipal Ratable
Values in 2012
Municipality

Year 2012

East Windsor

2,819,584,810

2,774,273,851

-45,310,959

-1.6

Ew ing

1,894,845,729

1,930,845,585

35,999,856

1.9

Hamilton

5,158,310,796

5,157,770,396

-540,400

-0.01

Hightstow n

481,330,622

392,567,107

-88,763,515

-18.4

Hopew ell Boro.

347,221,855

342,882,955

-4,338,900

-1.2

Hopew ell Tw p.

4,057,775,200

4,006,497,207

-51,277,993

-1.2

Lawrence

2,527,842,792

2,500,748,969

-27,093,823

-1.1

Pennington

496,426,813

501,539,914

5,113,101

1

Trenton

1,984,535,097

1,976,511,504

-8,023,593

-0.4

Robbinsville

2,464,228,646

2,450,873,530

-13,355,116

-0.5

West Windsor

5,954,761,805

5,974,136,015

19,374,210

0.3

Plainsboro

3,706,845,093

3,662,747,138

-44,097,955

-1.2

6,735,785,526

-37,152,474

-0.5

Princeton

6,772,938,000*

Year 2013

Change

* Estimate based on data from tw o Princetons in 2012
Total Ratable value ($). Data from Mercer County Taxation

% of Change
Mercer County Real Estate
Sales Results

Mercer County Real Estate Sales Results

As of
3/9/2013 Jan-Dec,'11 Jan-Dec,'12
Jan-Dec,'11 Jan-Dec,'12
Jan-Dec,'11Jan-Dec,'12
Months of Average Average
%
Avg Units Avg Units
%
Avg Days on
Avg Days on
%
Inventory** Sales Price Sales Price difference
Sold
Sold
difference Market
Market difference
All Mercer County

8

$ 330,631

$ 327,146

-1%

2442

2839

14%

102

108

6%

West Windsor

2

$ 528,737

$ 509,881

-4%

269

309

13%

74

65

-14%

Princeton

6

$ 914,970

$ 867,708

-5%

248

262

5%

99

112

12%

Ewing

11

$ 176,334

$ 165,140

-7%

207

256

19%

121

123

2%

Hamilton

7

$ 203,851

$ 209,428

3%

648

735

12%

100

114

12%

Hightstown/
East Windsor
Hopewells/
Pennington
Robbinsville

8

$ 242,365

$ 242,308

0%

183

274

33%

116

119

3%

8

$ 452,669

$ 432,974

-5%

186

281

34%

116

111

-5%

6

$ 348,336

$ 360,926

3%

156

181

14%

113

105

-8%

Trenton City

11

$ 54,346

$ 56,343

4%

314

310

-1%

97

103

6%

** Inventory Accumulation also known as Months of Inventory is the best indicator of future real estate sales. Clearly West Windsor
by far has the least Real Estate Inventory on the market as of March 9, 2013
Information from sources deemed reliable but it is not guranteed. Data derived from Trend® MLS
SUMMARY
• The lowest total municipal purpose tax in the
region with comprehensive municipal
services ($0.4 per $100 assessed property
value)
• One of the few towns received total ratable
value up in the state (up by more than $ 19
million)
• The lowest real estate inventory in the area (2
months compared to Mercer County average
of 8 months)

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West windsor moving forward togeter(financial)(1)

  • 1. Positive Changes You Can See (Financial Status) West Windsor Moving Forward Together
  • 2. Positive Changes You Can See • Obtained more than $108 million commitments for local programs outside of local taxes • Maintaining a AAA Bond Rating has saved more than $1.5 million • Expanding Commercial Ratables by adding major tenants like Tyco, NRG, BlackRock, and Otsuka
  • 3. Press Conference with the NJ Mayors Coalition for Return of Energy Tax to Municipalities
  • 4. Comparison of Municipal Purpose Tax Rates Municipality Open Space Fire District Municipal Library Tax Municipal Purpose Tax Total Tax Rate Trash Collection Included in Municipal Tax? East Windsor 0 0.431 0.431 No Ewing 0 1.272 1.272 Yes Hamilton 0.16 - 0.883 1.149 1.373 - 2.003 Yes Hightstown 0 1.125 1.125 Yes 0.46 0.561 Yes 0.054 Hopewell Boro. 0.01 0.06 Hopewell Twp. 0.03 0.074 0.318 0.422 No Lawrence 0.03 0 0.94 0.97 Yes Pennington 0.01 0.03 0.033 0.404 0.477 Yes 0 0.042 3.783 3.825 Yes Trenton 0.031 Robbinsville 0.05 0 0.522 0.572 Yes West Windsor 0.02 0 0.38 0.4 Yes Plainsboro 0.01 0.05 0.035 0.333 0.428 No Princeton 0.017 0 0.036 0.418 0.471 Yes Unit: $ per $100 asessed property value
  • 5. Total Municipal Ratable Values in 2012 Municipality Year 2012 East Windsor 2,819,584,810 2,774,273,851 -45,310,959 -1.6 Ew ing 1,894,845,729 1,930,845,585 35,999,856 1.9 Hamilton 5,158,310,796 5,157,770,396 -540,400 -0.01 Hightstow n 481,330,622 392,567,107 -88,763,515 -18.4 Hopew ell Boro. 347,221,855 342,882,955 -4,338,900 -1.2 Hopew ell Tw p. 4,057,775,200 4,006,497,207 -51,277,993 -1.2 Lawrence 2,527,842,792 2,500,748,969 -27,093,823 -1.1 Pennington 496,426,813 501,539,914 5,113,101 1 Trenton 1,984,535,097 1,976,511,504 -8,023,593 -0.4 Robbinsville 2,464,228,646 2,450,873,530 -13,355,116 -0.5 West Windsor 5,954,761,805 5,974,136,015 19,374,210 0.3 Plainsboro 3,706,845,093 3,662,747,138 -44,097,955 -1.2 6,735,785,526 -37,152,474 -0.5 Princeton 6,772,938,000* Year 2013 Change * Estimate based on data from tw o Princetons in 2012 Total Ratable value ($). Data from Mercer County Taxation % of Change
  • 6. Mercer County Real Estate Sales Results Mercer County Real Estate Sales Results As of 3/9/2013 Jan-Dec,'11 Jan-Dec,'12 Jan-Dec,'11 Jan-Dec,'12 Jan-Dec,'11Jan-Dec,'12 Months of Average Average % Avg Units Avg Units % Avg Days on Avg Days on % Inventory** Sales Price Sales Price difference Sold Sold difference Market Market difference All Mercer County 8 $ 330,631 $ 327,146 -1% 2442 2839 14% 102 108 6% West Windsor 2 $ 528,737 $ 509,881 -4% 269 309 13% 74 65 -14% Princeton 6 $ 914,970 $ 867,708 -5% 248 262 5% 99 112 12% Ewing 11 $ 176,334 $ 165,140 -7% 207 256 19% 121 123 2% Hamilton 7 $ 203,851 $ 209,428 3% 648 735 12% 100 114 12% Hightstown/ East Windsor Hopewells/ Pennington Robbinsville 8 $ 242,365 $ 242,308 0% 183 274 33% 116 119 3% 8 $ 452,669 $ 432,974 -5% 186 281 34% 116 111 -5% 6 $ 348,336 $ 360,926 3% 156 181 14% 113 105 -8% Trenton City 11 $ 54,346 $ 56,343 4% 314 310 -1% 97 103 6% ** Inventory Accumulation also known as Months of Inventory is the best indicator of future real estate sales. Clearly West Windsor by far has the least Real Estate Inventory on the market as of March 9, 2013 Information from sources deemed reliable but it is not guranteed. Data derived from Trend® MLS
  • 7. SUMMARY • The lowest total municipal purpose tax in the region with comprehensive municipal services ($0.4 per $100 assessed property value) • One of the few towns received total ratable value up in the state (up by more than $ 19 million) • The lowest real estate inventory in the area (2 months compared to Mercer County average of 8 months)