360 ROUTE 24

Chester Twp, Morris County · Block 10, Lot 79

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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)
-0.3%

Estimated tax down $105 ($38,910 → $38,805) using 2024→2025 rates (2.594 → 2.587) × assessed net.

Assessment net change: 0.0% ($1,500,000 → $1,500,000).

Assessment

Land$323,300
Improvements$1,176,700
Net (taxable assessed, 2026)$1,500,000
Town avg ratio used73.50% (Average ratio (Director’s / Chapter 123))
Implied equalized value$2,040,816
2025 tax (MOD-IV billed)$38,805.00
Est. 2025 tax @ general rate$38,805
Mailing address (2026)360 ROUTE 24, CHESTER; NJ, 07930

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.

Change since the 2015 sale of $1,450,000: implied equalized value $2,040,816 is $590,816 above that sale. This is not an appraisal.

Building permits for 360 ROUTE 24

The New Jersey construction-permit file lists 4 permits for 360 ROUTE 24 in Chester Twp. 1 is still open in the state file. Permit 20250216, an alteration, was issued 7 May 2025 and closed 12 Nov 2025 with a Certificate of Approval. The reported cost is $9,350.

Permit Type Use Issued Closed Reported cost
000020160545 Alteration Business Uses 19 Aug 2016 23 Feb 2022, Certificate of Approval $28,600
20200337 Alteration Business Uses 24 Jul 2020 6 Feb 2023, Certificate of Approval $1,128
20230103 Alteration International Residential Code 23 Feb 2023 Open in the state file $9,150
20250216 Alteration Business Uses 7 May 2025 12 Nov 2025, Certificate of Approval $9,350

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 Chester Twp construction office.

Flood zone for 360 ROUTE 24

FEMA’s flood map returned no flood zone at the mapped point for 360 ROUTE 24.

The state’s 10-foot ground scan puts the lowest cell on this lot at 767.9 feet and the highest at 806.7 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 360 ROUTE 24

This lot is most likely on septic because it is outside the mapped sewer service area. Please verify.

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 $1,500,000 —
2025 $1,500,000 $38,805.00
2024 $1,500,000 $38,910.00
2023 $1,500,000 $38,025.00

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 $1,500,000 90.12% $1,664,447 — —
2024 $1,500,000 84.71% $1,770,747 0.0% +6.4%
2025 $1,500,000 79.43% $1,888,455 0.0% +6.6%
2026 $1,500,000 73.50% $2,040,816 0.0% +8.1%

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 $1,500,000 2.535 $38,025 $38,025.00 —
2024 $1,500,000 2.594 $38,910 $38,910.00 +2.3%
2025 $1,500,000 2.587 $38,805 $38,805.00 -0.3%
2026 $1,500,000 — — — —

Where your money goes

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

Schools
$25,695 66.2%
County
$4,515 11.6%
Municipal
$8,595 22.1%

Of the estimated decrease of $105, the school portion moved $405 down, the county portion $135 up, and the municipal portion $165 up. Those are pieces of the dollar change. They are not a change in each share of the rate.

District school (1.044)$15,660
Regional / consolidated school (0.669)$10,035
County (0.293)$4,395
County open space (0.008)$120
Municipal purpose (0.512)$7,680
Municipal open space (0.020)$300
Municipal library (0.041)$615

Property details

Class4A — Commercial
Building class—
Building2SF 2UG
Land description7.66 AC
Dwellings—
Commercial units—
Year built—
Acreage7.66
ZoningR-2 — town zoning code
Tax map page31
Additional lots—
Census tract / block—
Special tax codes—
MOD-IV current-year tax—
Last sale$1,450,000 · 5/29/2015 · sale assessment $1,500,000
Deed book / page22734 / 01297

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.