234 NO 8TH ST
Prospect, Passaic County · Block 42, Lot 9
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 $459 ($9,760 → $10,219) using 2024→2025 rates (5.951 → 6.231) × assessed net.
Assessment net change: 0.0% ($164,000 → $164,000).
Assessment
| Land | $67,700 |
|---|---|
| Improvements | $96,300 |
| Net (taxable assessed, 2026) | $164,000 |
| Town avg ratio used | 40.50% (Average ratio (Director’s / Chapter 123)) |
| Implied equalized value | $404,938 |
| 2025 tax (MOD-IV billed) | $10,218.84 |
| Est. 2025 tax @ general rate | $10,219 |
| Mailing address (2026) | 51 MAGNOLIA WAY, NORTH HALEDON 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 | $164,000 | — |
| 2025 | $164,000 | $10,218.84 |
| 2024 | $164,000 | $9,759.64 |
| 2023 | $164,000 | $9,056.08 |
Mailing changed in 2025 to 51 MAGNOLIA WAY, NORTH HALEDON 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 | $164,000 | 58.89% | $278,485 | — | — |
| 2024 | $164,000 | 52.88% | $310,136 | 0.0% | +11.4% |
| 2025 | $164,000 | 46.89% | $349,755 | 0.0% | +12.8% |
| 2026 | $164,000 | 40.50% | $404,938 | 0.0% | +15.8% |
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 | $164,000 | 5.522 | $9,056 | $9,056.08 | — |
| 2024 | $164,000 | 5.951 | $9,760 | $9,759.64 | +7.8% |
| 2025 | $164,000 | 6.231 | $10,219 | $10,218.84 | +4.7% |
| 2026 | $164,000 | — | — | — | — |
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 ($459): schools ≈ +67.5%, county ≈ +23.2%, municipal ≈ +9.3%.
| District school (1.292) | $2,119 |
|---|---|
| Regional / consolidated school (1.696) | $2,781 |
| County (1.010) | $1,656 |
| County open space (0.021) | $34 |
| Municipal purpose (2.212) | $3,628 |
Property details
| Class | 4A |
|---|---|
| Building class | 10 |
| Building | CB |
| Land description | 50X119 |
| Dwellings | — |
| Commercial units | — |
| Year built | — |
| Acreage | 0.1366 |
| Zoning | — |
| Tax map page | — |
| Additional lots | — |
| Census tract / block | — |
| Special tax codes | — |
| MOD-IV current-year tax | — |
| Last sale | $1 · 4/10/2024 · sale assessment $164,000 · SR1A 3 |
| Deed book / page | 04790 / 00029 |
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.