198 RIVER LANE
New, Bergen County · Block 308, Lot 2
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 $10,719 ($23,290 → $12,571) using 2024→2025 rates (4.035 → 2.178) × assessed net.
Assessment net change: 0.0% ($577,200 → $577,200).
Assessment
| Land | $362,100 |
|---|---|
| Improvements | $215,100 |
| Net (taxable assessed, 2026) | $577,200 |
| Town avg ratio used | 97.49% (Average ratio (Director’s / Chapter 123)) |
| Implied equalized value | $592,061 |
| 2025 tax (MOD-IV billed) | — |
| Est. 2025 tax @ general rate | $12,571 |
| Mailing address (2026) | 198 RIVER LANE, 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 | $577,200 | — |
| 2025 | $577,200 | — |
| 2024 | $310,800 | $12,290.78 |
| 2023 | $310,800 | $11,917.82 |
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 | $310,800 | 64.70% | $480,371 | — | — |
| 2024 | $310,800 | 61.60% | $504,545 | 0.0% | +5.0% |
| 2025 | $577,200 | 55.43% | $1,041,313 | +85.7% | +106.4% |
| 2026 | $577,200 | 97.49% | $592,061 | 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 | $310,800 | 3.915 | $12,168 | $11,917.82 | — |
| 2024 | $310,800 | 4.035 | $12,541 | $12,290.78 | +3.1% |
| 2025 | $577,200 | 2.178 | $12,571 | — | +0.2% |
| 2026 | $577,200 | — | — | — | — |
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 ($-10,719): schools ≈ +61.3%, county ≈ +8.2%, municipal ≈ +30.5%.
| District school (1.290) | $7,446 |
|---|---|
| County (0.216) | $1,247 |
| County open space (0.010) | $58 |
| Municipal purpose (0.627) | $3,619 |
| Municipal open space (0.005) | $29 |
| Municipal library (0.030) | $173 |
Property details
| Class | 15F |
|---|---|
| Building class | 16 |
| Building | 1SCBG1 |
| Land description | 78XIRR |
| Dwellings | 1 |
| Commercial units | — |
| Year built | 1947 |
| Acreage | — |
| Zoning | — |
| Tax map page | — |
| Additional lots | — |
| Census tract / block | — |
| Special tax codes | — |
| MOD-IV current-year tax | — |
| Last sale | $100 · 11/11/1993 · sale assessment $201,000 · SR1A 4 |
| Deed book / page | 07654 / 00278 |
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.