334 NO 7TH ST
Prospect, Passaic County · Block 45, Lot 14
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 $518 ($11,009 → $11,527) using 2024→2025 rates (5.951 → 6.231) × assessed net.
Assessment net change: 0.0% ($185,000 → $185,000).
Assessment
| Land | $51,600 |
|---|---|
| Improvements | $133,400 |
| Net (taxable assessed, 2026) | $185,000 |
| Town avg ratio used | 40.50% (Average ratio (Director’s / Chapter 123)) |
| Implied equalized value | $456,790 |
| 2025 tax (MOD-IV billed) | $11,527.35 |
| Est. 2025 tax @ general rate | $11,527 |
| Mailing address (2026) | 334 N 7TH 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 | $185,000 | — |
| 2025 | $185,000 | $11,527.35 |
| 2024 | $185,000 | $11,009.35 |
| 2023 | $185,000 | $10,215.70 |
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 | $185,000 | 58.89% | $314,145 | — | — |
| 2024 | $185,000 | 52.88% | $349,849 | 0.0% | +11.4% |
| 2025 | $185,000 | 46.89% | $394,540 | 0.0% | +12.8% |
| 2026 | $185,000 | 40.50% | $456,790 | 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 | $185,000 | 5.522 | $10,216 | $10,215.70 | — |
| 2024 | $185,000 | 5.951 | $11,009 | $11,009.35 | +7.8% |
| 2025 | $185,000 | 6.231 | $11,527 | $11,527.35 | +4.7% |
| 2026 | $185,000 | — | — | — | — |
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 ($518): schools ≈ +67.5%, county ≈ +23.2%, municipal ≈ +9.3%.
| District school (1.292) | $2,390 |
|---|---|
| Regional / consolidated school (1.696) | $3,138 |
| County (1.010) | $1,869 |
| County open space (0.021) | $39 |
| Municipal purpose (2.212) | $4,092 |
Property details
| Class | 2 |
|---|---|
| Building class | 16 |
| Building | 1.5F 1G |
| Land description | 34X95 |
| Dwellings | 1 |
| Commercial units | — |
| Year built | 1924 |
| Acreage | 0.0742 |
| Zoning | — |
| Tax map page | — |
| Additional lots | — |
| Census tract / block | — |
| Special tax codes | — |
| MOD-IV current-year tax | — |
| Last sale | $165,000 · 6/14/2013 · sale assessment $132,400 |
| Deed book / page | 02364 / 00069 |
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.