Taxes and budget
The 2026 budget and your tax bill
Hillsborough's 2026 municipal budget raises $30,755,662.73 in property taxes, 8.20% more than in 2025, and the municipal tax rate went from 0.314 to 0.322 per $100. The Committee adopted it June 23 by a 4–1 vote. Tax bills also reflect the school and county levies and the township's annual reassessment.
What happens next
The Committee's remaining 2026 meetings are November 10 (special, 6:30 pm), November 24 and December 15. Owners who think their assessment is too high can appeal to the Somerset County Board of Taxation; the state's deadline in a reassessment town is May 1 (the township's own guidance says April 1).
A Hillsborough tax bill pays for three budgets: the Board of Education’s, Somerset County’s and the township’s, plus the fire district and two open-space taxes. The Township Committee sets only the municipal budget. In 2026 the school rate was 1.530 of the general rate of 2.232 per $100 of assessed value, and the municipal rate was 0.322.
The 2026 municipal budget totals $43,065,948.77. It raises $30,755,662.73 in property taxes for municipal purposes, $2,330,780.63 or 8.20% more than in 2025. The introduced budget had shown 8.33%; a June amendment lowered the levy slightly. Because total assessed value also rose, the municipal rate went from 0.314 to 0.322. On the township’s figures, the municipal tax on the average home rose from $1,865.44 to $2,028.48.
How it passed. An emergency spending resolution failed on February 24, 3–2, because the law requires four votes; a revised version passed 4–0 on March 4. That night, the minutes record, the Mayor “clarified that the CFO has not yet started the 2026 budget but does not foresee a tax increase for the residents.” The Committee introduced the budget on April 28 by 4–1, adopted Ordinance 2026-05 letting appropriations rise 3.5% instead of 2% by 3–1 on May 26, and adopted the amended budget on June 23 by Resolution R-217-2026, 4–1 (Payne, Lipani, Britting and Gomez yes; Hand no, per the state budget filing). The minutes of June 23 are not yet posted. The budget replaced the township’s $31,000 contribution to the two senior citizen chapters with a $1 placeholder.
Other pieces of the bill. The township’s 2026 revenue includes $378,688 from the Hillsborough Municipal Utilities Authority, 5% of the authority’s budget, as state law allows. Hillsborough is one of 16 Somerset towns that reassess every property every year; the state approves the program annually, and 2026 assessments stood at 97.21% of market value on the county’s measure. The general tax rate rose from 2.160 to 2.232. In September the Committee asked the Legislature, 3–0 with one abstention, to change school funding and municipal aid.
Residents raised taxes at many Committee meetings in 2026. Residents can read the budget filings, comment at the Committee’s budget hearing each spring, and appeal an assessment to the county board. See the explainer for the figures, the votes and each side’s stated reasons.
Timeline
- Resolved Mindel purchase note renewed at $13,055,443 and 3%The township renewed the one-year bond anticipation note that finances the 2022 Mindel purchase: $13,055,443 at 3.000%, due November 11, 2026. The prior note was $13,225,443 at 4%.
- Resolved Committee adopts the $13 million temporary budgetThe Committee adopted a 2026 temporary budget of $13,000,000 (R-14-2026) on its unanimous reorganization consent agenda, to run the township until the full budget was adopted.
- Resolved Emergency spending resolution fails, 3–2A resolution for $5,389,987.00 in emergency temporary appropriations (R-90-2026) failed 3–2: Payne, Lipani and Britting voted yes, Gomez and Hand no. State law requires four of the five members.
- Resolved Revised emergency appropriation passes 4–0At a special meeting the Committee passed a revised emergency temporary appropriation of $5,156,987.00, $233,000 less than the February version, bringing temporary spending to $18,156,987.00. The four members present voted yes; Hand was absent.
- Resolved Sewer authority approves $378,688 transfer to the townshipThe Hillsborough Municipal Utilities Authority approved transferring $378,688 to the township for 2026 (Res. #26-0325-01), after amending its budget on February 11 to add the payment. The township had asked by letter on January 21.
- Resolved 2026 budget and cap ordinance introduced, 4–1The Committee introduced the 2026 budget and Ordinance 2026-05, each 4–1 (Payne, Lipani, Britting and Gomez yes; Hand no). The introduced budget raised $30,792,776.73 in taxes, 8.33% more than in 2025.
- Resolved Cap ordinance adopted 3–1; budget adoption postponedThe Committee adopted Ordinance 2026-05, 3–1 (Payne, Lipani and Britting yes; Hand no; Gomez absent), letting 2026 appropriations rise 3.5% instead of 2%. It held the budget hearing but postponed adoption.
- Resolved Budget amendment introduced; senior line set at $1The Committee introduced an amendment to the 2026 budget, raising total appropriations from $43,063,062.77 to $43,065,948.77 and setting the senior-organizations line at a $1.00 placeholder. The hearing was set for June 23.
- Resolved 2026 budget adopted, 4–1The Committee adopted the amended 2026 budget by Resolution R-217-2026, 4–1: Payne, Lipani, Britting and Gomez yes; Hand no. It raises $30,755,662.73 in local taxes, up 8.20%, on total appropriations of $43,065,948.77.
- Milestone Residents press the Committee on tax bills and reassessmentAfter estimated tax bills went out in July, about a dozen speakers at the Committee's July 28 meeting raised tax increases, affordability and the township's annual reassessment program; one, Shansha Kur, asked to pause it.
- Milestone Township posts written answers on taxes and reassessmentThe township attached written answers to residents' July questions to the August 25 agenda, covering who sets each part of the bill, why assessments change every year and how to appeal. The Committee also acknowledged the 2025 audit.
- Resolved Committee approves the 2025 audit corrective action planOn its unanimous consent agenda the Committee approved the corrective action plan for the 2025 audit. One finding is that projects under Ordinances 2008-49 and 2009-15 were finished without the debt being fully issued; the plan says the costs will be raised in future budgets.
- Resolved Committee urges state school-funding and aid reform, 3–0–1R-300-2026 asks the Legislature to reform school funding and municipal aid, fund state mandates and allow development impact fees. A motion to table it got no second. It passed 3–0–1: Payne, Lipani and Britting yes; Gomez abstaining; Hand absent.
- Pending Mindel purchase note comes dueThe $13,055,443 bond anticipation note for the Mindel purchase matures. The township says the state's easement payment will offset the purchase debt; whether the note will be paid down, retired or renewed is not yet in the record.
Explainers
Documents
Somerset County Board of Taxation: 2026 Abstract of Ratables
Township Committee minutes, September 22, 2026: Route 206 bridge bonds and the 2026 repaving program
Township Committee minutes, September 8, 2026: Montgomery Road chip-surface contract
Township answers to residents' questions on taxes and reassessment
Township Committee minutes, August 25, 2026: quiet zone, road striping and the phone-system ordinance
2025 report of audit
Township Committee minutes, July 28, 2026: 2026 paving, Flemming Drive sidewalks, old building demolition
2026 user-friendly budget
NJ DOE: Hillsborough Township School District 2026–27 User Friendly Budget Summary
2026 adopted municipal budget (state budget filing)
Township Committee minutes, June 9, 2026: Wildlife Management Plan and Bloomingdale Drive grant (amended)
Township Committee minutes, May 26, 2026: Sunnymead Landfill Redevelopment Plan introduced
Township Committee minutes, May 12, 2026: Fox Chase Pond deadline raised in public comment
2026 introduced municipal budget
Township Committee minutes, April 28, 2026: Dickerson Road parking ordinance adopted
Hillsborough MUA minutes, March 25, 2026: $378,688 transfer to the township
NJ Division of Taxation: 2026 final equalization table, Somerset County
Township Committee minutes, March 4, 2026 (special meeting, revised)
NJ Department of Education: FY2027 K–12 state school aid, district details
Township Committee minutes, February 24, 2026: police renovation, drones and the Volkert settlement
2025 annual debt statement
Hillsborough MUA minutes, February 11, 2026: budget amended for a $378,688 municipal appropriation
Township Committee minutes, January 6, 2026: the 2026 reorganization
2021 report of audit
P.L.2004, c.87: authority surplus to the creating municipality
2025 adopted municipal budget
NJ Division of Taxation: 2026 approved revaluations and reassessments
Somerset County Board of Taxation: 2026 tax rates
Meetings
- Township Committee — October 27, 2026
- Township Committee — September 22, 2026
- Township Committee — September 8, 2026
- Township Committee — August 25, 2026
- Township Committee — July 28, 2026
- Township Committee — June 23, 2026
- Township Committee — June 9, 2026
- Township Committee — May 26, 2026
- Township Committee — May 12, 2026
- Township Committee — April 28, 2026
- Township Committee — March 4, 2026 (special meeting)
- Township Committee — February 24, 2026
- Township Committee — February 10, 2026
- Township Committee — January 6, 2026 (reorganization)
Sources for this overview
- Hillsborough 2026 adopted municipal budget (state budget filing, R-217-2026 and recorded vote)
- Hillsborough 2026 user-friendly budget
- Somerset County Board of Taxation, 2026 tax rates
- Township Committee minutes, February 24, 2026 (emergency appropriation fails)
- Township Committee minutes, March 4, 2026 (revised emergency appropriation)
- Township Committee minutes, April 28, 2026 (budget and Ordinance 2026-05 introduced)
- Township Committee minutes, May 26, 2026 (Ordinance 2026-05 adopted; budget hearing)
- Township Committee minutes, June 9, 2026 (budget amendment)
- NJ Division of Taxation, 2026 approved revaluations and reassessments
- Hillsborough MUA minutes, March 25, 2026 (Res. #26-0325-01, $378,688 transfer)