321 NO 11TH ST
Prospect, Passaic County · Block 28, Lot 23
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 $1,272 ($15,645 → $16,917) using 2024→2025 rates (5.951 → 6.231) × assessed net.
Assessment net change: +3.3% ($262,900 → $271,500).
Assessment
| Land | $69,800 |
|---|---|
| Improvements | $201,700 |
| Net (taxable assessed, 2026) | $271,500 |
| Town avg ratio used | 40.50% (Average ratio (Director’s / Chapter 123)) |
| Implied equalized value | $670,370 |
| 2025 tax (MOD-IV billed) | — |
| Est. 2025 tax @ general rate | $16,917 |
| Mailing address (2026) | 331 NO 11TH ST, PROSPECT PARK NJ, 07508 |
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 | $271,500 | — |
| 2025 | $262,900 | — |
| 2024 | $262,900 | — |
| 2023 | $262,900 | $14,517.34 |
Mailing changed in 2024 to 331 NO 11TH ST, PROSPECT PARK NJ, 07508.
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 | $262,900 | 58.89% | $446,426 | — | — |
| 2024 | $262,900 | 52.88% | $497,163 | 0.0% | +11.4% |
| 2025 | $262,900 | 46.89% | $560,674 | 0.0% | +12.8% |
| 2026 | $271,500 | 40.50% | $670,370 | +3.3% | +19.6% |
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 | $262,900 | 5.522 | $14,517 | $14,517.34 | — |
| 2024 | $262,900 | 5.951 | $15,645 | — | +7.8% |
| 2025 | $262,900 | 6.231 | $16,381 | — | +4.7% |
| 2026 | $271,500 | — | — | — | — |
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 ($1,272): schools ≈ +59.3%, county ≈ +20.4%, municipal ≈ +20.3%.
| District school (1.292) | $3,508 |
|---|---|
| Regional / consolidated school (1.696) | $4,605 |
| County (1.010) | $2,742 |
| County open space (0.021) | $57 |
| Municipal purpose (2.212) | $6,006 |
Property details
| Class | 15D |
|---|---|
| Building class | 45 |
| Building | 2.5 F |
| Land description | 37.5X185 |
| Dwellings | 2 |
| Commercial units | — |
| Year built | 1921 |
| Acreage | 0.1593 |
| Zoning | — |
| Tax map page | — |
| Additional lots | — |
| Census tract / block | — |
| Special tax codes | — |
| MOD-IV current-year tax | — |
| Last sale | $533,000 · 4/8/2023 · sale assessment $262,900 |
| Deed book / page | 04515 / 00186 |
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.