115 TABOR RD

Morris Plains Boro, Morris County · Block 151, Lot 2.2

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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)
+2.7%

Estimated tax up $31,675 ($1,191,161 → $1,222,836) using 2024→2025 rates (2.482 → 2.548) × assessed net.

Assessment net change: 0.0% ($47,992,000 → $47,992,000).

Assessment

Land$19,015,000
Improvements$28,977,000
Net (taxable assessed, 2026)$47,992,000
Town avg ratio used68.10% (Average ratio (Director’s / Chapter 123))
Implied equalized value$70,472,834
2025 tax (MOD-IV billed)$1,222,836.16
Est. 2025 tax @ general rate$1,222,836
Mailing address (2026)2727 LBJ FREEWAY STE 806, DALLAS TX, 75234

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 26 — Not a willing-buyer, willing-seller sale, for a reason outside the other codes marks it non-usable, or the price is a nominal amount.

Building permits for 115 TABOR RD

The New Jersey construction-permit file lists 20 permits for 115 TABOR RD in Morris Plains Boro. 7 are still open in the state file. Permit 23-148, an alteration, was issued 12 Apr 2023 and closed 26 Jun 2023 with a Certificate of Approval. The reported cost is $22,500.

Permit Type Use Issued Closed Reported cost
19-232 Alteration Business Uses 15 Jul 2019 5 Sep 2019, Certificate of Approval $15,000
19-314 Alteration Business Uses 26 Sep 2019 11 Nov 2019, Certificate of Approval $45,000
21-125 Alteration Business Uses 21 Apr 2021 19 Aug 2021, Temporary Certificate of Occupancy $3,500,000
21-227 Alteration Business Uses 16 Jul 2021 Open in the state file $400,000
21-311 Demolition Business Uses 24 Aug 2021 22 Nov 2022, Certificate of Approval $60,000
21-125+A Alteration Business Uses 1 Sep 2021 Open in the state file $50,000
21-344 Alteration Business Uses 10 Sep 2021 Open in the state file $8,000
21-450 Alteration Business Uses 9 Nov 2021 22 Nov 2022, Certificate of Approval $289,000
21-495 Alteration Business Uses 6 Dec 2021 9 Dec 2021, Temporary Certificate of Occupancy $10,000
21-519 Alteration Business Uses 17 Dec 2021 17 Feb 2022, Temporary Certificate of Occupancy $2,000,000
21-450+A Alteration Business Uses 29 Dec 2021 Open in the state file $54,142
21-519+A Alteration Business Uses 4 Feb 2022 Open in the state file $30,000
22-055 Alteration Business Uses 4 Feb 2022 22 Nov 2022, Certificate of Approval $101,000
21-519+B Alteration Business Uses 30 Mar 2022 Open in the state file $10,000
22-177 Alteration Business Uses 11 Apr 2022 22 Nov 2022, Certificate of Approval $79,000
22-200 Alteration Business Uses 22 Apr 2022 14 Oct 2022, Certificate of Approval $1,033,000
22-228 Alteration International Residential Code 16 May 2022 27 Oct 2022, Certificate of Approval $8,750
22-272 Alteration Business Uses 14 Jun 2022 18 Jul 2022, Temporary Certificate of Occupancy $318,400
21-519+C Alteration Business Uses 14 Jun 2022 Open in the state file $3,000
23-148 Alteration Business Uses 12 Apr 2023 26 Jun 2023, Certificate of Approval $22,500

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 115 TABOR RD

FEMA’s flood map returned no flood zone at the mapped point for 115 TABOR RD.

The state’s 10-foot ground scan puts the lowest cell on this lot at 391.5 feet and the highest at 421.8 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 115 TABOR RD

This lot is within the Butterworth STP sewer system. Please verify with the provider.

This lot is within the South East Morris County MUA 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 $47,992,000 —
2025 $47,992,000 $1,222,836.16
2024 $47,992,000 $1,191,161.44
2023 $47,992,000 $1,199,320.08

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 $47,992,000 84.09% $57,072,185 — —
2024 $47,992,000 78.17% $61,394,397 0.0% +7.6%
2025 $47,992,000 76.10% $63,064,389 0.0% +2.7%
2026 $47,992,000 68.10% $70,472,834 0.0% +11.7%

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 $47,992,000 2.499 $1,199,320 $1,199,320.08 —
2024 $47,992,000 2.482 $1,191,161 $1,191,161.44 -0.7%
2025 $47,992,000 2.548 $1,222,836 $1,222,836.16 +2.7%
2026 $47,992,000 — — — —

Where your money goes

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

Schools
$630,135 51.5%
County
$151,655 12.4%
Municipal
$441,046 36.1%

Of the estimated increase of $31,675, the school portion moved $8,639 up, the county portion $960 down, and the municipal portion $23,996 up. Those are pieces of the dollar change. They are not a change in each share of the rate.

District school (1.313)$630,135
County (0.307)$147,335
County open space (0.009)$4,319
Municipal purpose (0.919)$441,046

Property details

Class4A — Commercial
Building class—
BuildingTABOR ROAD; LLC
Land description38.86 AC
Dwellings—
Commercial units—
Year built—
Acreage38.86
ZoningL — town zoning code
Tax map page—
Additional lots—
Census tract / block—
Special tax codes—
MOD-IV current-year tax—
Last sale$38,000,000 · 12/22/2020 · sale assessment $71,992,400 · SR1A 26 — Not a willing-buyer, willing-seller sale, for a reason outside the other codes
Deed book / page24012 / 00383

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.