125 TRUMAN DRIVE
Wood, Bergen County · Block 320, Lot 1.9, Qual C3402
2026 revaluation/reassessment town — 2026 general tax rate not in our warehouse yet. Showing 2025 rate against 2026 assessments; YoY % is withheld until the matching rate posts.
Estimated annual tax: current net × 2.990 (rate year 2025). Year-over-year % is hidden until the 2026 general rate is available for this reval/reassess town.
Assessment net change: +56.2% ($550,000 → $859,200).
Assessment
| Land | $280,000 |
|---|---|
| Improvements | $579,200 |
| Net (taxable assessed, 2026) | $859,200 |
| Town avg ratio used | 100.00% (Revaluation year (~100% of market)) |
| Implied equalized value | $859,200 |
| 2025 tax (MOD-IV billed) | $16,445.00 |
| Est. 2025 tax @ general rate | $25,690 |
| Mailing address (2026) | 125 TRUMAN DRIVE, WOOD-RIDGE; NJ, 07075 |
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.
This town revalued/reassessed for tax year 2026. New assessments are set near true market value, so we treat the ratio as ~100% for this year. Published Chapter 123 average ratio for appeals/statistics is still 63.02% (often still reflecting the prior assessment base).
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 | $859,200 | — |
| 2025 | $550,000 | $16,445.00 |
| 2024 | $550,000 | $15,774.00 |
| 2023 | $476,000 | $13,447.00 |
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 | $476,000 | 79.02% | $602,379 | — | — |
| 2024 | $550,000 | 74.19% | $741,340 | +15.5% | +23.1% |
| 2025 | $550,000 | 69.10% | $795,948 | 0.0% | +7.4% |
| 2026 | $859,200 | 100.00% | $859,200 | +56.2% | +7.9% |
2026: This town revalued/reassessed for tax year 2026. New assessments are set near true market value, so we treat the ratio as ~100% for this year. Published Chapter 123 average ratio for appeals/statistics is still 63.02% (often still reflecting the prior assessment base).
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 | $476,000 | 2.825 | $13,447 | $13,447.00 | — |
| 2024 | $550,000 | 2.868 | $15,774 | $15,774.00 | +17.3% |
| 2025 | $550,000 | 2.990 | $16,445 | $16,445.00 | +4.3% |
| 2026 | $859,200 | — | — | — | pending rate |
Where your money goes
Component $ = net × (component rate ÷ 100). Percents are share of school + county + municipal components for rate year 2025.
| District school (1.503) | $12,914 |
|---|---|
| County (0.331) | $2,844 |
| County open space (0.015) | $129 |
| Municipal purpose (1.094) | $9,400 |
| Municipal library (0.047) | $404 |
Property details
| Class | 2 |
|---|---|
| Building class | 39 |
| Building | MARK 5/3/3/2 |
| Land description | — |
| Dwellings | — |
| Commercial units | — |
| Year built | 2017 |
| Acreage | — |
| Zoning | — |
| Tax map page | — |
| Additional lots | — |
| Census tract / block | — |
| Special tax codes | — |
| MOD-IV current-year tax | — |
| Last sale | $599,990 · 10/19/2018 · sale assessment $180,000 · SR1A 7 |
| Deed book / page | 03097 / 01126 |
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.