SO MAIN ST
Middlesex, Middlesex County · Block 357, Lot 1
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 × 2.120 (rate year 2025). Year-over-year % is hidden until the 2026 general rate is available for this reval/reassess town.
Assessment net change: 0.0% ($1,490,000 → $1,490,000).
Assessment
| Land | $400,000 |
|---|---|
| Improvements | $1,090,000 |
| Net (taxable assessed, 2026) | $1,490,000 |
| Town avg ratio used | 100.00% (Revaluation year (~100% of market)) |
| Implied equalized value | $1,490,000 |
| 2025 tax (MOD-IV billed) | — |
| Est. 2025 tax @ general rate | $31,588 |
| Mailing address (2026) | PO BOX 3000, SOMERVILLE; NJ, 08876 |
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 97.52% (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 | $1,490,000 | — |
| 2025 | $1,490,000 | — |
| 2024 | $1,490,000 | $34,478.60 |
| 2023 | $1,490,000 | $32,824.70 |
Mailing changed in 2025 to PO BOX 3000, SOMERVILLE; NJ, 08876.
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 | $1,490,000 | 23.62% | $6,308,213 | — | — |
| 2024 | $1,490,000 | 99.39% | $1,499,145 | 0.0% | -76.2% |
| 2025 | $1,490,000 | 94.17% | $1,582,245 | 0.0% | +5.5% |
| 2026 | $1,490,000 | 100.00% | $1,490,000 | 0.0% | -5.8% |
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 97.52% (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 | $1,490,000 | 2.203 | $32,825 | $32,824.70 | — |
| 2024 | $1,490,000 | 2.314 | $34,479 | $34,478.60 | +5.0% |
| 2025 | $1,490,000 | 2.120 | $31,588 | — | -8.4% |
| 2026 | $1,490,000 | — | — | — | 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 (1.138) | $16,956 |
|---|---|
| County (0.310) | $4,619 |
| County open space (0.029) | $432 |
| Municipal purpose (0.611) | $9,104 |
| Municipal library (0.032) | $477 |
Property details
| Class | 15C |
|---|---|
| Building class | 10 |
| Building | 1S COMM BLDG |
| Land description | 1 ACRE |
| Dwellings | 1 |
| Commercial units | — |
| Year built | 1890 |
| Acreage | 1 |
| Zoning | IND |
| Tax map page | — |
| Additional lots | 2-A |
| Census tract / block | — |
| Special tax codes | — |
| MOD-IV current-year tax | — |
| Last sale | $3,000,000 · 7/22/2024 · sale assessment $1,490,000 · SR1A 16 |
| Deed book / page | 19505 / 01747 |
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.