W FRANKLIN AVE
Pennington Boro, Mercer County · Block 202, 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 up $3,542 ($105,953 → $109,495) using 2024→2025 rates (3.201 → 3.308) × assessed net.
Assessment net change: 0.0% ($3,310,000 → $3,310,000).
Assessment
| Land | $1,005,000 |
|---|---|
| Improvements | $2,305,000 |
| Net (taxable assessed, 2026) | $3,310,000 |
| Town avg ratio used | 70.11% (Average ratio (Director’s / Chapter 123)) |
| Implied equalized value | $4,721,152 |
| 2025 tax (MOD-IV billed) | $111,149.80 |
| Est. 2025 tax @ general rate | $109,495 |
| Mailing address (2026) | 106 WEST FRANKLIN AVE., PENNINGTON; NJ, 08534 |
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.
The stored sale is not used for a change-since-sale figure. SR1A 25 — Full consideration under $100 marks it non-usable, or the price is a nominal amount.
Building permits for W FRANKLIN AVE
The New Jersey construction-permit file lists 1 permit for W FRANKLIN AVE in Pennington Boro. Permit 23-00032, an alteration, was issued 22 Feb 2023 and closed 25 Apr 2023 with a Certificate of Approval. The reported cost is $25,890.
| Permit | Type | Use | Issued | Closed | Reported cost |
|---|---|---|---|---|---|
| 23-00032 | Alteration | Business Uses | 22 Feb 2023 | 25 Apr 2023, Certificate of Approval | $25,890 |
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 Pennington Boro construction office.
Flood zone for W FRANKLIN AVE
The flood map could not be checked for W FRANKLIN AVE, 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 185.2 feet and the highest at 213.4 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 W FRANKLIN AVE
The water and sewer maps could not be checked for W FRANKLIN AVE, 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 | $3,310,000 | — |
| 2025 | $3,310,000 | $111,149.80 |
| 2024 | $3,300,000 | $107,608.10 |
| 2023 | $3,300,000 | $100,617.00 |
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 | $3,300,000 | 85.78% | $3,847,051 | — | — |
| 2024 | $3,300,000 | 78.31% | $4,214,021 | 0.0% | +9.5% |
| 2025 | $3,310,000 | 73.20% | $4,521,858 | +0.3% | +7.3% |
| 2026 | $3,310,000 | 70.11% | $4,721,152 | 0.0% | +4.4% |
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 | $3,300,000 | 3.000 | $99,000 | $100,617.00 | — |
| 2024 | $3,300,000 | 3.201 | $105,633 | $107,608.10 | +6.7% |
| 2025 | $3,310,000 | 3.308 | $109,495 | $111,149.80 | +3.7% |
| 2026 | $3,310,000 | — | — | — | — |
Where your money goes
Component $ = net × (component rate ÷ 100). Percents are share of school + county + municipal components for rate year 2025.
Of the estimated increase of $3,542, the school portion moved $2,317 up, the county portion $298 up, and the municipal portion $927 up. Those are pieces of the dollar change. They are not a change in each share of the rate.
| Regional / consolidated school (1.932) | $63,949 |
|---|---|
| County (0.704) | $23,302 |
| County open space (0.041) | $1,357 |
| Municipal purpose (0.575) | $19,033 |
| Municipal open space (0.010) | $331 |
| Municipal library (0.046) | $1,523 |
Property details
| Class | 4B — Industrial |
|---|---|
| Building class | 10 — not listed in the state appraisal manual |
| Building | 2SS&B&FIN&W |
| Land description | 3.26AC |
| Dwellings | 1 |
| Commercial units | — |
| Year built | — |
| Acreage | 3.26 |
| Zoning | O-B — town zoning code |
| Tax map page | 2 |
| Additional lots | — |
| Census tract / block | — |
| Special tax codes | F01 — Fire district 1 |
| MOD-IV current-year tax | — |
| Last sale | $10 · 2/19/2004 · sale assessment $1,750,000 · SR1A 25 — Full consideration under $100 |
| Deed book / page | 04746 / 00025 |
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.
Show on mapSources: 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.