163 OAKWOOD ROAD WEST
Watchung, Somerset County · Block 6908, Lot 28
2026 revaluation/reassessment town — 2026 general tax rate not in our warehouse yet. Showing 2025 rate against 2026 assessments; YoY % is withheld until the matching rate posts.
Estimated annual tax: current net × 1.952 (rate year 2025). Year-over-year % is hidden until the 2026 general rate is available for this reval/reassess town.
Assessment net change: -2.7% ($793,600 → $772,100).
Assessment
| Land | $460,200 |
|---|---|
| Improvements | $311,900 |
| Net (taxable assessed, 2026) | $772,100 |
| Town avg ratio used | 100.00% (Revaluation year (~100% of market)) |
| Implied equalized value | $772,100 |
| 2025 tax (MOD-IV billed) | $15,491.07 |
| Est. 2025 tax @ general rate | $15,071 |
| Mailing address (2026) | 163 OAKWOOD ROAD WEST, WATCHUNG; NJ, 07069 |
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.
This town revalued/reassessed for tax year 2026. New assessments are set near true market value, so we treat the ratio as ~100% for this year. Published Chapter 123 average ratio for appeals/statistics is still 96.16% (often still reflecting the prior assessment base).
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 | $772,100 | — |
| 2025 | $793,600 | $15,491.07 |
| 2024 | $729,600 | $14,577.41 |
| 2023 | $674,700 | $13,770.63 |
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 | $674,700 | 96.10% | $702,081 | — | — |
| 2024 | $729,600 | 100.00% | $729,600 | +8.1% | +3.9% |
| 2025 | $793,600 | 100.00% | $793,600 | +8.8% | +8.8% |
| 2026 | $772,100 | 100.00% | $772,100 | -2.7% | -2.7% |
2024: Published average ratio exceeded 100%; New Jersey treats that as 100% for equalization.
2025: Published average ratio exceeded 100%; New Jersey treats that as 100% for equalization.
2026: This town revalued/reassessed for tax year 2026. New assessments are set near true market value, so we treat the ratio as ~100% for this year. Published Chapter 123 average ratio for appeals/statistics is still 96.16% (often still reflecting the prior assessment base).
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 | $674,700 | 2.041 | $13,771 | $13,770.63 | — |
| 2024 | $729,600 | 1.998 | $14,577 | $14,577.41 | +5.9% |
| 2025 | $793,600 | 1.952 | $15,491 | $15,491.07 | +6.3% |
| 2026 | $772,100 | — | — | — | pending rate |
Where your money goes
Component $ = net × (component rate ÷ 100). Percents are share of school + county + municipal components for rate year 2025.
| District school (0.660) | $5,096 |
|---|---|
| Regional / consolidated school (0.351) | $2,710 |
| County (0.271) | $2,092 |
| County library (0.037) | $286 |
| County open space (0.029) | $224 |
| Municipal purpose (0.584) | $4,509 |
| Municipal open space (0.020) | $154 |
Property details
| Class | 2 |
|---|---|
| Building class | 17 |
| Building | 1S-F |
| Land description | 1.50 AC |
| Dwellings | 1 |
| Commercial units | — |
| Year built | 1956 |
| Acreage | 1.5 |
| Zoning | R-R |
| Tax map page | 20 |
| Additional lots | — |
| Census tract / block | — |
| Special tax codes | — |
| MOD-IV current-year tax | — |
| Last sale | $480,000 · 11/15/2011 · sale assessment $583,100 |
| Deed book / page | 06469 / 00262 |
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.