16 HEMLOCK DR
Vernon, Sussex County · Block 340, Lot 8
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 down $562 ($10,662 → $10,100) using 2024→2025 rates (2.441 → 2.345) × assessed net.
Assessment net change: -1.4% ($436,800 → $430,700).
Assessment
| Land | $178,300 |
|---|---|
| Improvements | $252,400 |
| Net (taxable assessed, 2026) | $430,700 |
| Town avg ratio used | 91.94% (Average ratio (Director’s / Chapter 123)) |
| Implied equalized value | $468,458 |
| 2025 tax (MOD-IV billed) | $10,242.96 |
| Est. 2025 tax @ general rate | $10,100 |
| Mailing address (2026) | 16 HEMLOCK DR, SUSSEX; NJ, 07461 |
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 | $430,700 | — |
| 2025 | $436,800 | $10,242.96 |
| 2024 | $431,200 | $10,525.59 |
| 2023 | $397,700 | $10,312.36 |
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 | $397,700 | 90.41% | $439,885 | — | — |
| 2024 | $431,200 | 98.97% | $435,688 | +8.4% | -1.0% |
| 2025 | $436,800 | 88.54% | $493,336 | +1.3% | +13.2% |
| 2026 | $430,700 | 91.94% | $468,458 | -1.4% | -5.0% |
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 | $397,700 | 2.593 | $10,312 | $10,312.36 | — |
| 2024 | $431,200 | 2.441 | $10,526 | $10,525.59 | +2.1% |
| 2025 | $436,800 | 2.345 | $10,243 | $10,242.96 | -2.7% |
| 2026 | $430,700 | — | — | — | — |
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 ($-562): schools ≈ +47.4%, county ≈ +33.5%, municipal ≈ +19.0%.
| District school (1.367) | $5,888 |
|---|---|
| County (0.405) | $1,744 |
| County library (0.033) | $142 |
| County open space (0.002) | $9 |
| Municipal purpose (0.538) | $2,317 |
Property details
| Class | 2 |
|---|---|
| Building class | 17 |
| Building | — |
| Land description | .382 AC |
| Dwellings | 1 |
| Commercial units | — |
| Year built | 1976 |
| Acreage | 0.382 |
| Zoning | — |
| Tax map page | 17A |
| Additional lots | — |
| Census tract / block | — |
| Special tax codes | — |
| MOD-IV current-year tax | — |
| Last sale | $530,000 · 11/19/2025 · sale assessment $430,700 |
| Deed book / page | 10423 / 01206 |
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.