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)