1125 BEAR TAVERN RD

Hopewell Twp, Mercer County · Block 98, Lot 17

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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)
+2.9%

Estimated tax up $79,566 ($2,749,551 → $2,829,117) using 2024→2025 rates (3.041 → 3.129) × assessed net.

Assessment net change: 0.0% ($90,416,000 → $90,416,000).

Assessment

Land$14,668,500
Improvements$75,747,500
Net (taxable assessed, 2026)$90,416,000
Town avg ratio used71.31% (Average ratio (Director’s / Chapter 123))
Implied equalized value$126,792,876
2025 tax (MOD-IV billed)$2,939,424.16
Est. 2025 tax @ general rate$2,829,117
Mailing address (2026)501 GEORGE ST, NEW BRUNSWICK NJ, 08901

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.

Building permits for 1125 BEAR TAVERN RD

The New Jersey construction-permit file lists 29 permits for 1125 BEAR TAVERN RD in Hopewell Twp. 9 are still open in the state file. Permit 20240090, a new building, was issued 24 Jan 2024 and is open in the state file. The reported cost is $633,878. The reported size is 360 square feet.

Permit Type Use Issued Closed Reported cost
20200658 Alteration Business Uses 3 Aug 2020 11 Feb 2026, Certificate of Approval $41,440
20210340 Alteration Business Uses 15 Apr 2021 12 Oct 2021, Certificate of Approval $238,650
20210419 Alteration International Residential Code 6 May 2021 1 Apr 2022, Certificate of Approval $24,000
20210510 Alteration Business Uses 1 Jun 2021 14 Oct 2021, Certificate of Approval $1,196,500
20210510+B Alteration Business Uses 13 Jul 2021 Open in the state file $59,250
20211143 Alteration Business Uses 27 Oct 2021 Open in the state file $178,000
20211359 Alteration Business Uses 16 Dec 2021 22 Sep 2022, Certificate of Approval $9,740
20220043 Alteration International Residential Code 14 Jan 2022 22 Apr 2022, Certificate of Approval $250,000
20220931 Alteration Business Uses 14 Sep 2022 Open in the state file $185,000
20220989+A Alteration Business Uses 29 Sep 2022 Open in the state file $47,639
20220989 Alteration Business Uses 29 Sep 2022 8 Aug 2023, Certificate of Approval $957,000
20230082 Alteration International Residential Code 23 Jan 2023 28 Jun 2023, Certificate of Approval $20,000
20230572 Alteration Business Uses 23 May 2023 20 Feb 2024, Certificate of Approval $249,800
20231214 Alteration Business Uses 27 Oct 2023 8 Jan 2024, Certificate of Approval $55,000
20231262 Alteration Accessory buildings and miscellaneous structures 7 Nov 2023 31 May 2024, Certificate of Approval $200,000
20240090+A Alteration Storage building, low hazard 24 Jan 2024 Open in the state file $42,432
20240090 New High Hazard Buildings � Deflagration 24 Jan 2024 Open in the state file $633,878
20240154 Alteration International Residential Code 9 Feb 2024 28 Aug 2024, Certificate of Approval $133,924
20240202 Alteration Business Uses 22 Feb 2024 13 Mar 2025, Certificate of Approval $300,000
20240958+A Alteration Business Uses 5 Aug 2024 Open in the state file $4,742,000
20240958 Alteration Business Uses 5 Aug 2024 16 Oct 2025, Certificate of Approval $1,144,200
20241319 Alteration Business Uses 7 Nov 2024 11 Dec 2024, Certificate of Approval $74,000
20250136 Alteration Business Uses 4 Feb 2025 11 Feb 2026, Certificate of Approval $100,000
20250441 Alteration Business Uses 25 Mar 2025 19 Aug 2025, Certificate of Approval $96,850
20251331 Alteration Business Uses 20 Aug 2025 16 Oct 2025, Certificate of Approval $53,000
20260124 Alteration Business Uses 28 Jan 2026 13 May 2026, Certificate of Approval $87,440
20260191 Alteration Business Uses 9 Feb 2026 13 May 2026, Certificate of Approval $236,350
20260972+A Alteration Business Uses 16 Jun 2026 Open in the state file $13,100
20260972 Alteration Business Uses 29 Jun 2026 Open in the state file $50,000

The file does not name the work. This file is a full record from 2021 on. Older permits are mostly missing. A repair from before then can be absent here and still be at the Hopewell Twp construction office.

Flood zone for 1125 BEAR TAVERN RD

The flood map could not be checked for 1125 BEAR TAVERN RD, because the address did not place a point on the map. Assessment and tax figures on this page are from our own records.

The state’s 10-foot ground scan puts the lowest cell on this lot at 75.1 feet and the highest at 184.2 feet (NAVD88).

These figures are estimates. The zone and any flood elevation come from FEMA’s flood map at a point for this address, and that point can fall in the street. The high and low come from the state’s 10-foot ground scan of the lot outline. A cell can catch a ditch, the street, or the edge of the lot. They are not a survey and not an insurance rating. A licensed surveyor measures the ground and the building. The town floodplain administrator, or a licensed engineer, confirms what the zone means for this lot. No zone at this point, or zone X, does not mean the lot will not flood.

Water and sewer for 1125 BEAR TAVERN RD

The water and sewer maps could not be checked for 1125 BEAR TAVERN RD, because the address did not place a point on the map.

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 $90,416,000 —
2025 $90,416,000 $2,939,424.16
2024 $90,416,000 $2,854,433.12
2023 $90,416,000 $2,763,112.96

Mailing changed in 2025 to 501 GEORGE ST, NEW BRUNSWICK NJ, 08901.

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 $90,416,000 84.74% $106,698,135 — —
2024 $90,416,000 82.29% $109,874,833 0.0% +3.0%
2025 $90,416,000 75.02% $120,522,527 0.0% +9.7%
2026 $90,416,000 71.31% $126,792,876 0.0% +5.2%

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 $90,416,000 2.944 $2,661,847 $2,763,112.96 —
2024 $90,416,000 3.041 $2,749,551 $2,854,433.12 +3.3%
2025 $90,416,000 3.129 $2,829,117 $2,939,424.16 +2.9%
2026 $90,416,000 — — — —

Where your money goes

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

Schools
$1,687,163 59.6%
County
$716,999 25.3%
Municipal
$424,955 15.0%

Of the estimated increase of $79,566, the school portion moved $56,058 up, the county portion $26,221 up, and the municipal portion $2,712 down. Those are pieces of the dollar change. They are not a change in each share of the rate.

Regional / consolidated school (1.866)$1,687,163
County (0.689)$622,966
County library (0.064)$57,866
County open space (0.040)$36,166
Municipal purpose (0.440)$397,830
Municipal open space (0.030)$27,125

Property details

Class4B — Industrial
Building class10 — not listed in the state appraisal manual
BuildingRESEARCH CENTER
Land description92.96 AC
Dwellings1
Commercial units—
Year built—
Acreage92.96
ZoningRO2 — town zoning code
Tax map page24
Additional lotsL37
Census tract / block—
Special tax codesF03 — Fire district 3
MOD-IV current-year tax—
Last sale—
Deed book / page—

The class, building class, SR1A, and special-tax words are the state’s names for those codes. The zoning code is the town’s. A code that is not on the state list keeps the code and says so.

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). Building permits are read live from the NJ construction-permit file for this block and lot. The flood zone is read live from FEMA’s flood map at a point for this address. The high and low are read live from the state’s 10-foot ground scan. Water and sewer are read live from the state’s service-area maps at that same point. Those map readings are estimates, not a survey and not a hookup record. Estimates are not an official tax bill. Owner names are not shown. Water and sewer · Full disclaimer.