Pine Hill was created on April 23, 1929, from Clementon Township, one of seven municipalities created from the now-defunct township, and one of five new municipalities, including Hi-Nella Borough, Lindenwold Borough, Pine Valley Borough, and Somerdale Borough, created on that same date.[24] Earlier known as Mont Ararat or Clementon Heights, the name "Pine Hill" was chosen to reflect the trees and terrain of the area.[25]
The borough of Pine Valley agreed to be absorbed into Pine Hill in 2021. The merger took effect on January 1, 2022, adding $20 million in taxable property and the famed golf course into Pine Hill.[26] The merger of the two municipalities was the first in the state since Princeton was formed in 2011 from the former Princeton Borough and Princeton Township, New Jersey.[27]
The borough had the 16th-highest property tax rate in New Jersey, with an equalized rate of 4.520% in 2020, compared to 3.470% in the county as a whole and a statewide average of 2.279%.[28]
^Riordan, Kevin. "Humble Pine Hill gets ready to welcome the posh Pine Valley Golf Club as two N.J. boroughs become one", The Philadelphia Inquirer, November 3, 2021. Accessed November 16, 2021. "Kennedy said that Pine Valley had sought the consolidation after a nonbinding 2020 referendum voters there approved, 10-0, because it “has been experiencing some budgetary challenges.” Becoming part of Pine Hill will provide his constituents with “a sustainable municipal government,” said the Pine Valley mayor.... So far, Pine Hill seems to be taking in stride the prospect of gaining a few well-heeled residents, a $20 million tax ratable, and bragging rights to one of the finest golf courses anywhere."
^Symons, Michael. "NJ about to subtract one of its tiniest towns in rare merger", NJ 101.5, December 30, 2021. Accessed April 24, 2023. "For the first time in a decade, and the third time in a quarter-century, two New Jersey municipalities are about to merge. The borough of Pine Valley in Camden County voted to consolidate into Pine Hill. The disappearing town has 21 residents – barely one for each hole on the main course at Pine Valley Golf Club, one of the top golf courses in the world and the borough’s reason for existing... The merge takes effect on Jan 1.... Princeton borough and township voted to merge in 2011, after discussing the idea for a half-century."
^"Here are the 30 N.J. towns with the highest property tax rates", NJ Advance Media for NJ.com, March 15, 2021. Accessed January 19, 2022. "The average equalized tax rate in New Jersey was 2.279 in 2020, according to data from the Department of Community Affairs. Here is the list of 30 New Jersey towns with the highest property tax rates.... 16. Pine Hill Equalized tax rate in Pine Hill Borough, Camden County, was 4.520 in 2020 Average equalized tax rate in Camden County: 3.470"