486 SYCAMORE AVE.
Shrewsbury, Monmouth County · Block 28, Lot 26
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 × 1.661 (rate year 2025). Year-over-year % is hidden until the 2026 general rate is available for this reval/reassess town.
Assessment net change: +2.9% ($1,603,500 → $1,650,600).
Assessment
| Land | $910,100 |
|---|---|
| Improvements | $740,500 |
| Net (taxable assessed, 2026) | $1,650,600 |
| Town avg ratio used | 100.00% (Revaluation year (~100% of market)) |
| Implied equalized value | $1,650,600 |
| 2025 tax (MOD-IV billed) | $26,634.14 |
| Est. 2025 tax @ general rate | $27,416 |
| Mailing address (2026) | 90 BIRCH DRIVE, SHREWSBURY; NJ, 07702 |
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 92.46% (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 | $1,650,600 | — |
| 2025 | $1,603,500 | $26,634.14 |
| 2024 | $1,295,900 | $23,740.89 |
| 2023 | $1,293,600 | $24,371.42 |
Mailing changed in 2024 to PO BOX 719, ASBURY PARK; NJ, 07712.
Mailing changed in 2025 to 90 BIRCH DRIVE, SHREWSBURY; NJ, 07702.
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 | $1,293,600 | 92.04% | $1,405,476 | — | — |
| 2024 | $1,295,900 | 99.06% | $1,308,197 | +0.2% | -6.9% |
| 2025 | $1,603,500 | 95.94% | $1,671,357 | +23.7% | +27.8% |
| 2026 | $1,650,600 | 100.00% | $1,650,600 | +2.9% | -1.2% |
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 92.46% (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 | $1,293,600 | 1.884 | $24,371 | $24,371.42 | — |
| 2024 | $1,295,900 | 1.832 | $23,741 | $23,740.89 | -2.6% |
| 2025 | $1,603,500 | 1.661 | $26,634 | $26,634.14 | +12.2% |
| 2026 | $1,650,600 | — | — | — | 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 (0.622) | $10,267 |
|---|---|
| Regional / consolidated school (0.343) | $5,662 |
| County (0.169) | $2,790 |
| County library (0.011) | $182 |
| County health (0.003) | $50 |
| County open space (0.026) | $429 |
| Municipal purpose (0.477) | $7,873 |
| Municipal open space (0.010) | $165 |
Property details
| Class | 2 |
|---|---|
| Building class | 19 |
| Building | — |
| Land description | 220 X 340 |
| Dwellings | 1 |
| Commercial units | — |
| Year built | 1903 |
| Acreage | 1.7172 |
| Zoning | — |
| Tax map page | 5 |
| Additional lots | — |
| Census tract / block | — |
| Special tax codes | — |
| MOD-IV current-year tax | — |
| Last sale | $1,550,000 · 1/16/2024 · sale assessment $1,295,900 · SR1A 7 |
| Deed book / page | 09675 / 06076 |
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.