Prospect Park Boro NJ property tax rate 2025: 6.231
Prospect Park Boro, Passaic County. 1,183 parcels in the MOD-IV 2026 file. Rate shown is tax year 2025 (latest available — not yet matched to assessment year).
Assessments are tax year 2026; latest published general rate we have is 2025. Estimate uses that rate until the 2026 rate is loaded.
Prospect Park Boro at a glance
1,183 parcels are on the 2026 file. The 2025 general rate is 6.231, and the prior rate on file is 5.951 for 2024. A typical class 2 assessment is $213,391. Usable sales with a 2022 deed: 30, median $440,000. The state construction file lists 662 permits here. The median class 2 house was built in 1921. A property page adds that parcel’s permits, flood zone, mapped flood elevation, and high and low ground. Owner names are not shown.
How to read a Prospect Park Boro bill
Prospect Park Boro’s general rate of 6.231 is tax year 2025 on the 2026 assessment file. It is not a 2026 bill. The prior general rate on file is 5.951 for 2024. School, county, and municipal shares of this rate are 48.0%, 16.5%, and 35.5%. The largest slice is schools. In Passaic County the middle school share for rate year 2025 is 48.0% in Prospect Park Boro. Class 2 net assessments changed from $229,465,200 to $229,608,600, up 0.1%, on 1,076 parcels. Usable sales with a 2022 deed: median $440,000 (30 sales). The largest class share of net assessed value is Residential at 77.9%. State school aid is outside these bars.
Building permits in Prospect Park Boro
The New Jersey construction-permit file lists 662 permits in Prospect Park Boro. This file is a full record from 2021 on. Older permits are mostly missing. Work from before then can be missing here and still be at the Prospect Park Boro construction office.
2025 general tax rate in Prospect Park Boro: 6.231
This general rate is tax year 2025. The assessment file is 2026. It is not a 2026 bill.
In Passaic County, the median municipality’s school share (rate year 2025) is 48.0%; this town is 48.0%. The largest slice here is schools. State school aid is not in these bars — it reduces the school levy before the rate is struck. All Passaic towns · How NJ taxes work.
The school percent is the local property-tax levy. The district for this municipality is Prospect Park Boro (K-8 or K-6 local), FY2027 K–12 aid $14,368,404. The high school district is Passaic Co Manchester Reg, FY2027 K–12 aid $16,821,123. Those aid figures are not slices of these bars. Passaic district table.
Prior year (2024) general rate: 5.951.
Tax on a $200,000 or $500,000 sale in Prospect Park Boro
These figures use Prospect Park Boro’s own ratio and general rate. How the same sale price is calculated for every town. This is not an appraisal and not a collector bill.
2025
A $500,000 sale at the 2025 ratio of 46.89% would be assessed at about $234,450. At the general rate of 6.231, the estimated tax is $14,609. A $200,000 sale at that same ratio and rate would be assessed at about $93,780, with an estimated tax of $5,843.
In Passaic County for 2025, the $500,000 bill runs from $7,580 in Totowa Boro to $14,609 in Prospect Park Boro. The middle bill is $11,619 in Hawthorne Boro. All Passaic towns.
See every New Jersey town on the same $200,000 and $500,000 sale for 2025.
Recent usable sales in Prospect Park Boro
These are the five newest usable deeds on the 2026 file for Prospect Park Boro. A $1 deed and a non-usable SR1A sale are left out. Each parcel stores one sale, so this is not every deed recorded in town.
| Address | Deed date | Sale price | Net assessment |
|---|---|---|---|
| 35 BROWN AVE | 11/6/2025 | $730,000 | $199,900 |
| 245 NO 7TH ST | 10/17/2025 | $635,000 | $245,600 |
| 370 NO 7TH ST | 10/10/2025 | $716,000 | $327,500 |
| 30 BROWN AVE | 9/23/2025 | $685,000 | $192,900 |
| 160 NO 12TH ST | 9/19/2025 | $520,000 | $183,200 |
Owner names are not shown. The rate year and the assessment file year differ, so this table does not print an estimated tax. This is not a collector’s bill.
Highest estimated tax in Prospect Park Boro: $23,335
Residential
The highest residential estimate in Prospect Park Boro is $23,335 at 124 PRESCOTT AVE, on a net assessment of $374,500 and a 2025 general rate of 6.231.
| Address | Class | Net assessment | Rate year | Estimated tax |
|---|---|---|---|---|
| 124 PRESCOTT AVE | 2 — Residential (four families or less) | $374,500 | 2025 | $23,335 |
| 284 NO 13TH PL | 2 — Residential (four families or less) | $368,900 | 2025 | $22,986 |
| 114 NO 12TH ST | 2 — Residential (four families or less) | $351,800 | 2025 | $21,921 |
| 12 PLANTEN AVE | 2 — Residential (four families or less) | $351,400 | 2025 | $21,896 |
| 363 NO 7TH ST | 2 — Residential (four families or less) | $349,100 | 2025 | $21,752 |
Business
The highest business estimate in Prospect Park Boro is $120,321 at 316 NO 6TH ST, on a net assessment of $1,931,000 and a 2025 general rate of 6.231.
| Address | Class | Net assessment | Rate year | Estimated tax |
|---|---|---|---|---|
| 316 NO 6TH ST | 4A — Commercial | $1,931,000 | 2025 | $120,321 |
| 265 NO 9TH ST | 4A — Commercial | $1,526,000 | 2025 | $95,085 |
| 124 HALEDON AVE | 4A — Commercial | $1,425,000 | 2025 | $88,792 |
| 241 NO 10TH ST | 4A — Commercial | $1,311,000 | 2025 | $81,688 |
| 320 NO 6TH ST | 4A — Commercial | $826,300 | 2025 | $51,487 |
Owner names are not shown. Every parcel in this town uses the same rate, so the highest tax is the highest assessment. Commercial and industrial parcels (class 4A and 4B) are the business list. Apartment buildings are class 4C and are not in that list. This is not a collector’s bill.
Ratable base in Prospect Park Boro, typical class 2 assessment $213,391
Class 2 residential in the MOD-IV file: 1,076 parcels, average net assessment $213,391.
How assessments changed
Class 2 residential net assessments changed from $229,465,200 to $229,608,600, up 0.1%, on 1,076 parcels that have both a prior net and a 2026 net. This is the assessment roll, not an appraisal.
Among 30 usable recorded sales whose latest deed on this file is in 2022, the median price is $440,000. A $1 deed and a non-usable SR1A sale are left out. Each parcel stores one sale, so this is not every deed recorded that year.
Share of net assessed value by property class (MOD-IV). Not a school-quality rating.
| Class | Parcels | Net assessed | % of net |
|---|---|---|---|
| Residential 2 | 1,076 | $229,608,600 | 77.9% |
| Vacant land 1 | 46 | $44,198,900 | 15.0% |
| Commercial 4A | 57 | $19,806,400 | 6.7% |
| Apartment 4C | 2 | $804,500 | 0.3% |
| Other / unclassified other | 2 | $145,000 | 0.0% |
Housing stock in Prospect Park Boro, median year built 1921
On the 2026 file, class 2 houses in Prospect Park Boro with a year built have a median year of 1921, about 105 years old. Of those 1,075 houses, the largest share was built Before 1940. This is the assessor’s year built. It is not a ranking of towns.
By parcel count, Residential 91.0%, Commercial 4.8%, Vacant land 3.9%, Apartment 0.2%, Other / unclassified 0.2%. Those percentages are a count of parcels, not a share of tax dollars. The class table uses the tax-base share.
Year built
Assessor building line
Grouped from the assessor’s building abbreviation. One-family, two-family, and condo are the codes that read clearly. Other codes stay in their own group. This is not a bedroom count, and square feet are left off because most records do not include them.