705 PROSPECT ST.
Glen, Bergen County · Block 244, Lot 21
Assessments are tax year 2026; latest published general rate we have is 2025. Estimate uses that rate until the 2026 rate is loaded.
Estimated tax up $500 ($13,819 → $14,320) using 2024→2025 rates (3.288 → 3.407) × assessed net.
Assessment net change: 0.0% ($420,300 → $420,300).
Assessment
| Land | $273,000 |
|---|---|
| Improvements | $147,300 |
| Net (taxable assessed, 2026) | $420,300 |
| Town avg ratio used | 62.75% (Average ratio (Director’s / Chapter 123)) |
| Implied equalized value | $669,801 |
| 2025 tax (MOD-IV billed) | $14,319.62 |
| Est. 2025 tax @ general rate | $14,320 |
| Mailing address (2026) | 705 PROSPECT ST, GLEN ROCK; NJ, 07452 |
How the ratio works: New Jersey towns often assess below full market value. The average ratio (Director’s / Chapter 123) estimates what percent of true market value the town’s assessments represent. Implied equalized value ≈ assessed net ÷ (ratio ÷ 100). Example: assessed $187,600 at 55.89% ≈ $335,700 equalized. Tax bills still use assessed value × the general tax rate — not the equalized figure.
Year-by-year assessed value & tax
From NJ MOD-IV files (2023, 2024, 2025, 2026). Tax is the MOD-IV billed amount when present; otherwise —. Current mailing is in Assessment above.
| Year | Assessed net | Tax |
|---|---|---|
| 2026 | $420,300 | — |
| 2025 | $420,300 | $14,319.62 |
| 2024 | $420,300 | $13,819.46 |
| 2023 | $420,300 | $13,281.48 |
Mailing changed in 2025 to 705 PROSPECT ST, GLEN ROCK; NJ, 07452.
Assessed value & ratio history
Parcel assessed nets come from MOD-IV year files (2023, 2024, 2025, 2026). Town average ratios are from Abstract / Chapter 123 when available — implied equalized = assessed ÷ (ratio ÷ 100).
| Tax year | Assessed net | Avg ratio | Implied equalized | Assessed Δ | Equalized Δ |
|---|---|---|---|---|---|
| 2023 | $420,300 | 83.11% | $505,715 | — | — |
| 2024 | $420,300 | 77.34% | $543,445 | 0.0% | +7.5% |
| 2025 | $420,300 | 71.58% | $587,175 | 0.0% | +8.0% |
| 2026 | $420,300 | 62.75% | $669,801 | 0.0% | +14.1% |
Tax year history
Assessed net is from that year’s MOD-IV file. Est. tax = assessed × that year’s general rate when we have the rate sheet. Billed tax is the MOD-IV tax field when present (often empty for the newest file year).
| Tax year | Assessment net | General rate | Est. tax (that year) | Billed tax | Est. vs prior |
|---|---|---|---|---|---|
| 2023 | $420,300 | 3.160 | $13,281 | $13,281.48 | — |
| 2024 | $420,300 | 3.288 | $13,819 | $13,819.46 | +4.1% |
| 2025 | $420,300 | 3.407 | $14,320 | $14,319.62 | +3.6% |
| 2026 | $420,300 | — | — | — | — |
Where your money goes
Component $ = net × (component rate ÷ 100). Percents are share of school + county + municipal components for rate year 2025.
Of the estimated change ($500): schools ≈ +53.8%, county ≈ +21.0%, municipal ≈ +25.2%.
| District school (2.290) | $9,625 |
|---|---|
| County (0.313) | $1,316 |
| County open space (0.014) | $59 |
| Municipal purpose (0.739) | $3,106 |
| Municipal open space (0.005) | $21 |
| Municipal library (0.046) | $193 |
Property details
| Class | 2 |
|---|---|
| Building class | 17 |
| Building | 1SF-2DG |
| Land description | 80 X 145 |
| Dwellings | 1 |
| Commercial units | — |
| Year built | 1954 |
| Acreage | 0.2663 |
| Zoning | A-2 |
| Tax map page | — |
| Additional lots | — |
| Census tract / block | — |
| Special tax codes | — |
| MOD-IV current-year tax | — |
| Last sale | $698,000 · 7/18/2024 · sale assessment $420,300 |
| Deed book / page | 05340 / 01604 |
See this lot on the statewide map, then come back for the full tax story.
Show on mapSources: NJ Division of Taxation MOD-IV (current parcel file) and tax rates for 2025 (Abstract of Ratables). Estimates are not an official tax bill. Owner names are not shown. Full disclaimer.