The Hebrew University professor died on Thursday from injuries sustained when a railing gave way at the Herodium archaeological site in the West Bank.
Prof Netzer had worked at the Herodium site for more than 30 years before he located King Herod’s palace in 2007.
Israel’s prime minister released a statement mourning his death.
“His tragic death is a loss to his family, researchers of Jewish heritage and science and archaeology,” Benjamin Netanyahu said in a statement.
Following the discovery of Herod’s tomb, Prof Netzer went on to excavate an elaborate mausoleum and three shattered sarcophagi believed to be those of Herod and two of his wives.
Herod was appointed the ruler of Judea by the Roman authorities and ruled from 37BC until his death in around 4BC.