For fourth year in a row, Piscataway Township has a 12.8 percent lower municipal tax rate.
The Township tax rate had no increase in 2021, 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.
Do you know where your local taxes go?
Compared to 2017-2021, it's largely unchanged. As shown in this pie chart, you can see how in 2022 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 District. 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.
Big name companies in Piscataway
Piscataway is now home to many more big-name companies! Listen to Mayor Brian C. Wahler's April 2021 remarks about how this robust economic development greatly benefits Township families.
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, “The ‘AA+’ rating reflects our view of the township's strong management team and codified policies and procedures… Fiscal 2020 showed positive current fund operations as a result, which we believe will be sustained in coming years, given long-term projections and management's close monitoring of the budget. Robust redevelopment efforts within the township, in both the residential and commercial sectors, ongoing throughout the pandemic, continues to generate tax base growth.”
Standard & Poor’s 2021, 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.
Township officials have been proud of the strong financial policies and practices that have attracted more companies to locate facilities in Piscataway, turning unused office buildings and brownfields into thriving sites of new commerce. This new commercial revenue paid for the construction of the $32 million YMCA at the Piscataway Community Center (YPCC), built with no residents’ tax monies.