641 SHUNPIKE RD

Chatham Twp, Morris County · Block 48.23, Lot 126.4

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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)
+5.8%

Estimated tax up $21,873 ($378,308 → $400,181) using 2024→2025 rates (1.989 → 2.104) × assessed net.

Assessment net change: 0.0% ($19,020,000 → $19,020,000).

Assessment

Land$6,470,000
Improvements$12,550,000
Net (taxable assessed, 2026)$19,020,000
Town avg ratio used66.41% (Average ratio (Director’s / Chapter 123))
Implied equalized value$28,640,265
2025 tax (MOD-IV billed)$400,180.80
Est. 2025 tax @ general rate$400,181
Mailing address (2026)C/O FIDELITY 641 SHUNPIKE, CHATHAM; NJ, 07928

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 3 — Sale between a company and its owner or a related company marks it non-usable, or the price is a nominal amount.

Building permits for 641 SHUNPIKE RD

The New Jersey construction-permit file lists 28 permits for 641 SHUNPIKE RD in Chatham Twp. 11 are still open in the state file. Permit 26-0383, an alteration, was issued 13 Jul 2026 and is open in the state file. The reported cost is $79,000.

Permit Type Use Issued Closed Reported cost
20-0236 Alteration International Residential Code 16 Jun 2020 14 Aug 2024, Certificate of Approval $21,000
21-0402 Alteration International Residential Code 2 Jun 2021 14 Dec 2022, Certificate of Approval $11,700
21-0643 Alteration International Residential Code 20 Aug 2021 23 Jan 2023, Certificate of Approval $3,500
21-0803 Alteration International Residential Code 1 Nov 2021 8 Dec 2022, Certificate of Approval $9,200
22-0059 Alteration International Residential Code 28 Jan 2022 25 Apr 2022, Continued Certificate of Occupancy $0
22-0166 Alteration International Residential Code 28 Mar 2022 31 Mar 2022, Certificate of Approval $798
22-0379 Alteration International Residential Code 29 Jun 2022 20 May 2024, Certificate of Approval $65,000
22-0402 Alteration International Residential Code 13 Jul 2022 13 Oct 2022, Certificate of Approval $55,000
22-0514 Alteration International Residential Code 18 Aug 2022 18 Jan 2023, Certificate of Approval $45,000
23-0041 Alteration International Residential Code 18 Jan 2023 22 Feb 2023, Certificate of Approval $91,700
23-0079 Alteration International Residential Code 6 Feb 2023 Open in the state file $150
23-0041+A Alteration International Residential Code 10 Feb 2023 Open in the state file $0
23-0102 Alteration International Residential Code 16 Feb 2023 20 May 2024, Certificate of Approval $7,500
23-0655 Alteration Business Uses 30 Oct 2023 13 Dec 2023, Certificate of Approval $77,200
24-0204 Alteration Business Uses 4 Apr 2024 2 Jul 2025, Certificate of Approval $6,300
24-0291 Alteration Business Uses 15 May 2024 1 Aug 2024, Certificate of Approval $7,450
24-0316 Alteration Business Uses 29 May 2024 Open in the state file $15,000
24-0405 Alteration Restaurants, Night Clubs, Dance Halls, and similar 28 Jun 2024 Open in the state file $1,200
24-0545 Alteration Business Uses 4 Sep 2024 Open in the state file $1,500
24-0589 Alteration Business Uses 26 Sep 2024 21 Mar 2025, Certificate of Approval $22,000
24-0204+A Alteration Business Uses 9 Dec 2024 Open in the state file $800
25-0007 Alteration International Residential Code 2 Jan 2025 Open in the state file $1,300
24-0589+B Alteration Business Uses 11 Feb 2025 Open in the state file $750
24-0589+A Alteration Business Uses 11 Feb 2025 Open in the state file $900
25-0141 Alteration Business Uses 27 Feb 2025 9 Apr 2025, Certificate of Approval $150
26-0138 Alteration Business Uses 19 Mar 2026 19 Mar 2026, Certificate of Compliance $150
26-0383+A Alteration Business Uses 13 Jul 2026 Open in the state file $350
26-0383 Alteration Business Uses 13 Jul 2026 Open in the state file $79,000

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 Chatham Twp construction office.

Flood zone for 641 SHUNPIKE RD

FEMA’s flood map returned no flood zone at the mapped point for 641 SHUNPIKE RD.

The state’s 10-foot ground scan puts the lowest cell on this lot at 264.1 feet and the highest at 288.6 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 641 SHUNPIKE RD

This lot is within the Chatham Twp WPCP 1 sewer system. Please verify with the provider.

This lot is within the NJ American Water - Short Hills water system. Please verify with the provider.

These lines come from the state’s sewer service areas and public community water areas, read at a point for this address. That point can fall in the street. Being inside a named area means the lot is inside that mapped system, not that a pipe or a meter is on the house. Being outside means the lot is outside the mapped service area, which is usually a septic system or a private well. It is not a hookup record. Please verify with the provider. How we read water and sewer.

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 $19,020,000 —
2025 $19,020,000 $400,180.80
2024 $19,020,000 $378,307.80
2023 $22,360,000 $437,361.60

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 $22,360,000 81.38% $27,476,038 — —
2024 $19,020,000 76.08% $25,000,000 -14.9% -9.0%
2025 $19,020,000 72.22% $26,336,195 0.0% +5.3%
2026 $19,020,000 66.41% $28,640,265 0.0% +8.7%

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 $22,360,000 1.956 $437,362 $437,361.60 —
2024 $19,020,000 1.989 $378,308 $378,307.80 -13.5%
2025 $19,020,000 2.104 $400,181 $400,180.80 +5.8%
2026 $19,020,000 — — — —

Where your money goes

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

Schools
$260,764 65.2%
County
$62,956 15.7%
Municipal
$76,460 19.1%

Of the estimated increase of $21,873, the school portion moved $17,118 up, the county portion $1,141 up, and the municipal portion $3,614 up. Those are pieces of the dollar change. They are not a change in each share of the rate.

Regional / consolidated school (1.371)$260,764
County (0.322)$61,244
County open space (0.009)$1,712
Municipal purpose (0.339)$64,478
Municipal open space (0.021)$3,994
Municipal library (0.042)$7,988

Property details

Class4A — Commercial
Building class—
BuildingSHOPPING CENTER
Land description6.42 AC
Dwellings—
Commercial units—
Year built—
Acreage6.42
ZoningB-1 — town zoning code
Tax map page39
Additional lots—
Census tract / block—
Special tax codes—
MOD-IV current-year tax—
Last sale$10 · 12/13/2002 · sale assessment $14,200,000 · SR1A 3 — Sale between a company and its owner or a related company
Deed book / page05755 / 00148

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.