The Township tax rate had no increase in 2020 and 2019 after having been lowered in 2018 by 12.8 percent. Please understand though that other governing authorities such as Middlesex County and the school board determine their own tax rates and budgets. To view the introduced 2020 Township budget that includes no new taxes and continuing a 12.8 percent municipal tax rate drop for three years in a row, please click here.
Do you know where your local taxes go?
Compared to 2017, 2018 and 2019, it's largely unchanged. As shown in this pie chart, you can see how in 2020 after being collected by the Township, nearly three-quarters of the funds are then sent to the County, four fire districts (each with their own tax rate), library system and School Board. It’s important to know that the Township Council takes some of its revenue and provides additional funding to the library system for its programming and personnel on top of what is automatically dedicated to its needs.
Top 100 Best Places to Live in America
Money Magazine placed Piscataway Township on its prestigious 2019 Best Places to Live in America list ranking the central New Jersey community as #68 on its Top 100 list. To view the list, please click here.
Township Again Earns AA+ Stable from Renowned Rating Agency
Standard & Poor’s continues to keep Piscataway among its high ranked municipalities by again giving the Township its AA+ stable rating, its second highest rating since 2013. In its report, Standard & Poor’s stated, “We view the township's management as very strong, with strong financial policies and practices under our financial management assessment methodology, indicating our view that financial practices are strong, well embedded, and likely sustainable."
Standard & Poor’s 2020 & 2019 general obligation rating of AA+ stable matches the 2018 upgrade by Moody’s of its general obligation rating from Aa2 to Aa1(stable), its second highest rating possible.