121 MAPLE AVENUE
So, Somerset County · Block 67, Lot 25
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 $354 ($7,052 → $7,406) using 2024→2025 rates (3.822 → 4.014) × assessed net.
Assessment net change: 0.0% ($184,500 → $184,500).
Assessment
| Land | $175,000 |
|---|---|
| Improvements | $9,500 |
| Net (taxable assessed, 2026) | $184,500 |
| Town avg ratio used | 62.07% (Average ratio (Director’s / Chapter 123)) |
| Implied equalized value | $297,245 |
| 2025 tax (MOD-IV billed) | — |
| Est. 2025 tax @ general rate | $7,406 |
| Mailing address (2026) | 12 MAIN STREET, SOUTH BOUND BROOK; N J, 08880 |
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 | $184,500 | — |
| 2025 | $184,500 | — |
| 2024 | $184,500 | — |
| 2023 | $184,500 | — |
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 | $184,500 | 76.50% | $241,176 | — | — |
| 2024 | $184,500 | 68.61% | $268,911 | 0.0% | +11.5% |
| 2025 | $184,500 | 66.23% | $278,575 | 0.0% | +3.6% |
| 2026 | $184,500 | 62.07% | $297,245 | 0.0% | +6.7% |
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 | $184,500 | 3.786 | $6,985 | — | — |
| 2024 | $184,500 | 3.822 | $7,052 | — | +1.0% |
| 2025 | $184,500 | 4.014 | $7,406 | — | +5.0% |
| 2026 | $184,500 | — | — | — | — |
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 ($354): schools ≈ +56.3%, county ≈ +3.1%, municipal ≈ +40.6%.
| District school (2.182) | $4,026 |
|---|---|
| County (0.428) | $790 |
| County library (0.057) | $105 |
| County open space (0.046) | $85 |
| Municipal purpose (1.301) | $2,400 |
Property details
| Class | 15C |
|---|---|
| Building class | — |
| Building | — |
| Land description | 378X128&72X106 AVG |
| Dwellings | 1 |
| Commercial units | — |
| Year built | — |
| Acreage | — |
| Zoning | R-2 |
| Tax map page | 16 |
| Additional lots | L26-31 |
| Census tract / block | — |
| Special tax codes | — |
| MOD-IV current-year tax | — |
| Last sale | — |
| Deed book / page | — |
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.