540 PLYMPTON ST
New, Bergen County · Block 1011, Lot 3
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 down $12,999 ($28,245 → $15,246) using 2024→2025 rates (4.035 → 2.178) × assessed net.
Assessment net change: 0.0% ($700,000 → $700,000).
Assessment
| Land | $403,300 |
|---|---|
| Improvements | $296,700 |
| Net (taxable assessed, 2026) | $700,000 |
| Town avg ratio used | 97.49% (Average ratio (Director’s / Chapter 123)) |
| Implied equalized value | $718,022 |
| 2025 tax (MOD-IV billed) | $15,246.00 |
| Est. 2025 tax @ general rate | $15,246 |
| Mailing address (2026) | 540 PLYMPTON ST, NEW MILFORD;NJ, 07646 |
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 | $700,000 | — |
| 2025 | $700,000 | $15,246.00 |
| 2024 | $361,800 | $14,598.63 |
| 2023 | $361,800 | $14,164.47 |
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 | $361,800 | 64.70% | $559,196 | — | — |
| 2024 | $361,800 | 61.60% | $587,338 | 0.0% | +5.0% |
| 2025 | $700,000 | 55.43% | $1,262,854 | +93.5% | +115.0% |
| 2026 | $700,000 | 97.49% | $718,022 | 0.0% | -43.1% |
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 | $361,800 | 3.915 | $14,164 | $14,164.47 | — |
| 2024 | $361,800 | 4.035 | $14,599 | $14,598.63 | +3.1% |
| 2025 | $700,000 | 2.178 | $15,246 | $15,246.00 | +4.4% |
| 2026 | $700,000 | — | — | — | — |
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 ($-12,999): schools ≈ +61.3%, county ≈ +8.2%, municipal ≈ +30.5%.
| District school (1.290) | $9,030 |
|---|---|
| County (0.216) | $1,512 |
| County open space (0.010) | $70 |
| Municipal purpose (0.627) | $4,389 |
| Municipal open space (0.005) | $35 |
| Municipal library (0.030) | $210 |
Property details
| Class | 2 |
|---|---|
| Building class | 17 |
| Building | 1SFG1 |
| Land description | 80X101 |
| Dwellings | 1 |
| Commercial units | — |
| Year built | 1955 |
| Acreage | 0.1855 |
| Zoning | — |
| Tax map page | — |
| Additional lots | — |
| Census tract / block | — |
| Special tax codes | — |
| MOD-IV current-year tax | — |
| Last sale | $705,000 · 4/18/2022 · sale assessment $361,800 · SR1A 7 |
| Deed book / page | 04711 / 00003 |
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.