324 HARRIS PL

New, Bergen County · Block 1402, Lot 10

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Assessment year 2026 · Rate year 2025 · Prior rate 2024

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 story (homeowner view)
-46.0%

Estimated tax down $12,516 ($27,196 → $14,680) using 2024→2025 rates (4.035 → 2.178) × assessed net.

Assessment net change: 0.0% ($674,000 → $674,000).

Assessment

Land$447,100
Improvements$226,900
Net (taxable assessed, 2026)$674,000
Town avg ratio used97.49% (Average ratio (Director’s / Chapter 123))
Implied equalized value$691,353
2025 tax (MOD-IV billed)$14,679.72
Est. 2025 tax @ general rate$14,680
Mailing address (2026)324 HARRIS PL, 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 $674,000
2025 $674,000 $14,679.72
2024 $361,900 $14,602.67
2023 $361,900 $14,168.39

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 $361,900 64.70% $559,351
2024 $361,900 61.60% $587,500 0.0% +5.0%
2025 $674,000 55.43% $1,215,948 +86.2% +107.0%
2026 $674,000 97.49% $691,353 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 $361,900 3.915 $14,168 $14,168.39
2024 $361,900 4.035 $14,603 $14,602.67 +3.1%
2025 $674,000 2.178 $14,680 $14,679.72 +0.5%
2026 $674,000

Where your money goes

Component $ = net × (component rate ÷ 100). Percents are share of school + county + municipal components for rate year 2025.

Schools
$8,695 59.2%
County
$1,523 10.4%
Municipal
$4,462 30.4%

Of the estimated change ($-12,516): schools ≈ +61.3%, county ≈ +8.2%, municipal ≈ +30.5%.

District school (1.290)$8,695
County (0.216)$1,456
County open space (0.010)$67
Municipal purpose (0.627)$4,226
Municipal open space (0.005)$34
Municipal library (0.030)$202

Property details

Class2
Building class17
Building1SFG2
Land description75XIRR
Dwellings1
Commercial units
Year built1957
Acreage
Zoning
Tax map page
Additional lots
Census tract / block
Special tax codes
MOD-IV current-year tax
Last sale$405,000 · 10/12/2002 · sale assessment $249,400
Deed book / page08521 / 00486

See this lot on the statewide map, then come back for the full tax story.

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Sources: 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.