11 VETERANS WAY

Assessment

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 2025 sale of $735,000: implied equalized value $778,561 is $43,561 above that sale. This is not an appraisal.

This class 2 — residential (four families or less) — net assessment sits above the town class-2 average of $461,914.

Building permits for 11 VETERANS WAY

The New Jersey construction-permit file lists 50 permits for 11 VETERANS WAY in Morris Plains Boro. 10 are still open in the state file. Permit 21-472+A, a new building, was issued 15 Dec 2021 and is open in the state file. The reported cost is $500.

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 Morris Plains Boro construction office.

Flood zone for 11 VETERANS WAY

The flood map could not be checked for 11 VETERANS WAY, because the address did not place a point on the map. Assessment and tax figures on this page are from our own records.

The high and low ground elevation could not be read for this lot.

Water and sewer for 11 VETERANS WAY

The water and sewer maps could not be checked for 11 VETERANS WAY, because the address did not place a point on the map.

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.

Mailing changed in 2026 to 11 VETERANS WAY UNIT 132, MORRIS PALINS; NJ, 07950.

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 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).

Where your money goes

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

Of the estimated increase of $350, the school portion moved $95 up, the county portion $11 down, and the municipal portion $265 up. Those are pieces of the dollar change. They are not a change in each share of the rate.

Property details

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.