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FIPS: 34023•Rank #67 National•Rank #1 in NJ
Middlesex County, NJ
Forward-Looking Municipal Debt, Assessment Lag & Carrying Cost Audit
Elevated Tax Drift Risk
96% Conf.
Tax Drift Index
57.2/ 100
Elevated Drift Risk
Middlesex County Executive Risk Briefing
MSRB EMMA Disclosures & US Census BureauAugust 2026
Middlesex County carries a Elevated Tax Drift Score (57.2/100) based on $8,800 in overlapping municipal debt per capita and a +21% CAD assessment lag spread. Projected 3-year millage escalation of +0.25% (+25 bps) indicates an estimated +$2,817/yr escrow adjustment on median-priced properties.
Median Home: $475,000Median Income: $105,000Effective Tax: 2.3%
Municipal Debt Per Capita
$8,800
8.4% of Median Income
CAD Valuation Lag
+21.0%
Assessed Value trailing Market HPI
3-Yr Millage Escalation
+25 bps
Effective Rate: 2.3% → 2.5%
Projected Annual Escrow Shock
+$2,817/yr
Estimated on median assessed home
Overlapping Taxing Jurisdictions & Debt Obligations
Breakdown of autonomous debt issuers assessing ad valorem property taxes on parcels within Middlesex County.
| Entity Name | Entity Type | Outstanding Bond Debt | Debt / Student or Cap | Adopted Millage |
|---|---|---|---|---|
| Edison Township Public Schools | ISD | $340.0M | $21,000 | 132.000% |
5-Year Historical Drift Score & Effective Rate Trajectory
2022
50
2.2% eff.
2023
53
2.2% eff.
2024
54
2.3% eff.
2025
56
2.3% eff.
2026
57.2
2.3% eff.
Statutory Constraint & Legislative Policy
Central New Jersey transit corridor with high per-pupil suburban school levies (Edison, Woodbridge).
Data Provenance & Audit Citations