265 BROWN AVE
Prospect, Passaic County · Block 8, Lot 20
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 $601 ($12,783 → $13,384) using 2024→2025 rates (5.951 → 6.231) × assessed net.
Assessment net change: 0.0% ($214,800 → $214,800).
Assessment
| Land | $51,400 |
|---|---|
| Improvements | $163,400 |
| Net (taxable assessed, 2026) | $214,800 |
| Town avg ratio used | 40.50% (Average ratio (Director’s / Chapter 123)) |
| Implied equalized value | $530,370 |
| 2025 tax (MOD-IV billed) | $13,384.19 |
| Est. 2025 tax @ general rate | $13,384 |
| Mailing address (2026) | 265 BROWN AVE, 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 | $214,800 | — |
| 2025 | $214,800 | $13,384.19 |
| 2024 | $214,800 | $12,782.75 |
| 2023 | $214,800 | $11,861.26 |
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 | $214,800 | 58.89% | $364,748 | — | — |
| 2024 | $214,800 | 52.88% | $406,203 | 0.0% | +11.4% |
| 2025 | $214,800 | 46.89% | $458,093 | 0.0% | +12.8% |
| 2026 | $214,800 | 40.50% | $530,370 | 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 | $214,800 | 5.522 | $11,861 | $11,861.26 | — |
| 2024 | $214,800 | 5.951 | $12,783 | $12,782.75 | +7.8% |
| 2025 | $214,800 | 6.231 | $13,384 | $13,384.19 | +4.7% |
| 2026 | $214,800 | — | — | — | — |
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 ($601): schools ≈ +67.5%, county ≈ +23.2%, municipal ≈ +9.3%.
| District school (1.292) | $2,775 |
|---|---|
| Regional / consolidated school (1.696) | $3,643 |
| County (1.010) | $2,169 |
| County open space (0.021) | $45 |
| Municipal purpose (2.212) | $4,751 |
Property details
| Class | 2 |
|---|---|
| Building class | 16 |
| Building | 1.5 F/2G |
| Land description | 50X97 |
| Dwellings | 1 |
| Commercial units | — |
| Year built | 1925 |
| Acreage | 0.1113 |
| Zoning | — |
| Tax map page | — |
| Additional lots | — |
| Census tract / block | — |
| Special tax codes | — |
| MOD-IV current-year tax | — |
| Last sale | $350,000 · 1/24/2020 · sale assessment $214,800 |
| Deed book / page | 03756 / 00131 |
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.