121 BROOK VALLEY RD
Kinnelon, Morris County · Block 56702, Lot 105
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 $727 ($23,929 → $24,656) using 2024→2025 rates (2.897 → 2.985) × assessed net.
Assessment net change: 0.0% ($826,000 → $826,000).
Assessment
| Land | $151,900 |
|---|---|
| Improvements | $674,100 |
| Net (taxable assessed, 2026) | $826,000 |
| Town avg ratio used | 74.42% (Average ratio (Director’s / Chapter 123)) |
| Implied equalized value | $1,109,917 |
| 2025 tax (MOD-IV billed) | $24,656.10 |
| Est. 2025 tax @ general rate | $24,656 |
| Mailing address (2026) | 121 BROOK VALLEY RD, KINNELON; NJ, 07405 |
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.
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 | $826,000 | — |
| 2025 | $826,000 | $24,656.10 |
| 2024 | $826,000 | $23,929.22 |
| 2023 | $826,000 | $23,433.62 |
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 | $826,000 | 93.58% | $882,667 | — | — |
| 2024 | $826,000 | 85.70% | $963,827 | 0.0% | +9.2% |
| 2025 | $826,000 | 81.06% | $1,018,998 | 0.0% | +5.7% |
| 2026 | $826,000 | 74.42% | $1,109,917 | 0.0% | +8.9% |
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 | $826,000 | 2.837 | $23,434 | $23,433.62 | — |
| 2024 | $826,000 | 2.897 | $23,929 | $23,929.22 | +2.1% |
| 2025 | $826,000 | 2.985 | $24,656 | $24,656.10 | +3.0% |
| 2026 | $826,000 | — | — | — | — |
Where your money goes
Component $ = net × (component rate ÷ 100). Percents are share of school + county + municipal components for rate year 2025.
Of the estimated change ($727): schools ≈ +78.4%, county ≈ +8.0%, municipal ≈ +13.6%.
| District school (2.058) | $16,999 |
|---|---|
| County (0.287) | $2,371 |
| County open space (0.008) | $66 |
| Municipal purpose (0.586) | $4,840 |
| Municipal open space (0.005) | $41 |
| Municipal library (0.041) | $339 |
Property details
| Class | 2 |
|---|---|
| Building class | 18 |
| Building | 2SF G3 |
| Land description | 1.582 AC |
| Dwellings | 1 |
| Commercial units | — |
| Year built | 1999 |
| Acreage | 1.582 |
| Zoning | R |
| Tax map page | 67 |
| Additional lots | — |
| Census tract / block | — |
| Special tax codes | — |
| MOD-IV current-year tax | — |
| Last sale | $850,000 · 5/31/2017 · sale assessment $826,000 |
| Deed book / page | 23137 / 01103 |
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.