12 CANFIELD RD

Morris Twp, Morris County · Block 8501, Lot 40

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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)
-1.7%

Estimated tax down $1,373 ($80,857 → $79,484) using 2024→2025 rates (2.002 → 1.968) × assessed net.

Assessment net change: 0.0% ($4,038,800 → $4,038,800).

Assessment

Land$765,000
Improvements$3,273,800
Net (taxable assessed, 2026)$4,038,800
Town avg ratio used72.98% (Average ratio (Director’s / Chapter 123))
Implied equalized value$5,534,119
2025 tax (MOD-IV billed)$79,483.58
Est. 2025 tax @ general rate$79,484
Mailing address (2026)12 CANFIELD RD, MORRISTOWN; NJ, 07960

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 31 — First sale after a lender foreclosure marks it non-usable, or the price is a nominal amount.

This class 2 — residential (four families or less) — net assessment sits above the town class-2 average of $575,594.

Building permits for 12 CANFIELD RD

The New Jersey construction-permit file lists 4 permits for 12 CANFIELD RD in Morris Twp. Permit 18-0828, an alteration, was issued 11 Jun 2018 and closed 18 Feb 2025 with a Certificate of Approval. The reported cost is $1,300.

Permit Type Use Issued Closed Reported cost
14-0990 Alteration International Residential Code 22 Jul 2014 18 Feb 2025, Certificate of Approval $88,125
14-0990+E Alteration International Residential Code 7 Oct 2014 18 Feb 2025, Certificate of Approval $1,000
15-0583 Alteration Accessory buildings and miscellaneous structures 11 May 2015 19 Feb 2025, Certificate of Approval $129,500
18-0828 Alteration International Residential Code 11 Jun 2018 18 Feb 2025, Certificate of Approval $1,300

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 Twp construction office.

Flood zone for 12 CANFIELD RD

FEMA’s flood map did not respond for 12 CANFIELD RD. Assessment and tax figures on this page are from our own records.

The state’s 10-foot ground scan puts the lowest cell on this lot at 328.1 feet and the highest at 376.8 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 12 CANFIELD RD

This lot is within the Woodland 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 $4,038,800 —
2025 $4,038,800 $79,483.58
2024 $4,038,800 $80,856.78
2023 $4,038,800 $80,977.94

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 $4,038,800 89.69% $4,503,066 — —
2024 $4,038,800 83.70% $4,825,329 0.0% +7.2%
2025 $4,038,800 78.90% $5,118,885 0.0% +6.1%
2026 $4,038,800 72.98% $5,534,119 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 $4,038,800 2.005 $80,978 $80,977.94 —
2024 $4,038,800 2.002 $80,857 $80,856.78 -0.1%
2025 $4,038,800 1.968 $79,484 $79,483.58 -1.7%
2026 $4,038,800 — — — —

Where your money goes

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

Schools
$46,325 58.3%
County
$12,278 15.4%
Municipal
$20,881 26.3%

Of the estimated decrease of $1,373, the school portion moved $2,060 down, the county portion $323 up, and the municipal portion $363 up. Those are pieces of the dollar change. They are not a change in each share of the rate.

Regional / consolidated school (1.147)$46,325
County (0.296)$11,955
County open space (0.008)$323
Municipal purpose (0.462)$18,659
Municipal open space (0.013)$525
Municipal library (0.042)$1,696

Property details

Class2 — Residential (four families or less)
Building class20 — Superior quality single-family dwelling
BuildingREPROD.CASTLE
Land description7.3 ACRES SC
Dwellings1
Commercial units—
Year built1917
Acreage7.3
ZoningRA15 — town zoning code
Tax map page—
Additional lots—
Census tract / block—
Special tax codes—
MOD-IV current-year tax—
Last sale$4,000,000 · 6/18/2014 · sale assessment $2,000,000 · SR1A 31 — First sale after a lender foreclosure
Deed book / page22556 / 01939

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.