108 GRAND ST
New, Bergen County · Block 1509, Lot 4
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 $9,996 ($21,720 → $11,724) using 2024→2025 rates (4.035 → 2.178) × assessed net.
Assessment net change: 0.0% ($538,300 → $538,300).
Assessment
| Land | $370,000 |
|---|---|
| Improvements | $168,300 |
| Net (taxable assessed, 2026) | $538,300 |
| Town avg ratio used | 97.49% (Average ratio (Director’s / Chapter 123)) |
| Implied equalized value | $552,159 |
| 2025 tax (MOD-IV billed) | $11,724.17 |
| Est. 2025 tax @ general rate | $11,724 |
| Mailing address (2026) | 108 GRAND 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 | $538,300 | — |
| 2025 | $538,300 | $11,724.17 |
| 2024 | $272,000 | $10,975.20 |
| 2023 | $272,000 | $10,648.80 |
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 | $272,000 | 64.70% | $420,402 | — | — |
| 2024 | $272,000 | 61.60% | $441,558 | 0.0% | +5.0% |
| 2025 | $538,300 | 55.43% | $971,135 | +97.9% | +119.9% |
| 2026 | $538,300 | 97.49% | $552,159 | 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 | $272,000 | 3.915 | $10,649 | $10,648.80 | — |
| 2024 | $272,000 | 4.035 | $10,975 | $10,975.20 | +3.1% |
| 2025 | $538,300 | 2.178 | $11,724 | $11,724.17 | +6.8% |
| 2026 | $538,300 | — | — | — | — |
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 ($-9,996): schools ≈ +61.3%, county ≈ +8.2%, municipal ≈ +30.5%.
| District school (1.290) | $6,944 |
|---|---|
| County (0.216) | $1,163 |
| County open space (0.010) | $54 |
| Municipal purpose (0.627) | $3,375 |
| Municipal open space (0.005) | $27 |
| Municipal library (0.030) | $161 |
Property details
| Class | 2 |
|---|---|
| Building class | 16 |
| Building | 2SFG1 |
| Land description | 50X100 |
| Dwellings | 1 |
| Commercial units | — |
| Year built | 1927 |
| Acreage | 0.1148 |
| Zoning | — |
| Tax map page | — |
| Additional lots | — |
| Census tract / block | — |
| Special tax codes | — |
| MOD-IV current-year tax | — |
| Last sale | $420,000 · 5/1/2019 · sale assessment $272,000 |
| Deed book / page | 03243 / 00713 |
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.