226 TILLOTSON RD
Fanwood, Union County · Block 47, Lot 54.1
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 $1,206 ($19,352 → $20,558) using 2024→2025 rates (2.937 → 3.120) × assessed net.
Assessment net change: 0.0% ($658,900 → $658,900).
Assessment
| Land | $268,700 |
|---|---|
| Improvements | $390,200 |
| Net (taxable assessed, 2026) | $658,900 |
| Town avg ratio used | 65.63% (Average ratio (Director’s / Chapter 123)) |
| Implied equalized value | $1,003,962 |
| 2025 tax (MOD-IV billed) | $20,557.68 |
| Est. 2025 tax @ general rate | $20,558 |
| Mailing address (2026) | 226 TILLOTSON RD, FANWOOD; NJ, 07023 |
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 | $658,900 | — |
| 2025 | $658,900 | $20,557.68 |
| 2024 | $658,900 | $19,351.89 |
| 2023 | $658,900 | $18,739.12 |
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 | $658,900 | 86.61% | $760,767 | — | — |
| 2024 | $658,900 | 81.43% | $809,161 | 0.0% | +6.4% |
| 2025 | $658,900 | 72.16% | $913,110 | 0.0% | +12.8% |
| 2026 | $658,900 | 65.63% | $1,003,962 | 0.0% | +9.9% |
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 | $658,900 | 2.844 | $18,739 | $18,739.12 | — |
| 2024 | $658,900 | 2.937 | $19,352 | $19,351.89 | +3.3% |
| 2025 | $658,900 | 3.120 | $20,558 | $20,557.68 | +6.2% |
| 2026 | $658,900 | — | — | — | — |
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 ($1,206): schools ≈ +60.7%, county ≈ +15.8%, municipal ≈ +23.5%.
| Regional / consolidated school (1.954) | $12,875 |
|---|---|
| County (0.479) | $3,156 |
| County open space (0.020) | $132 |
| Municipal purpose (0.610) | $4,019 |
| Municipal open space (0.010) | $66 |
| Municipal library (0.047) | $310 |
Property details
| Class | 2 |
|---|---|
| Building class | 18 |
| Building | — |
| Land description | 86X89 |
| Dwellings | 1 |
| Commercial units | — |
| Year built | 2003 |
| Acreage | 0.1757 |
| Zoning | — |
| Tax map page | — |
| Additional lots | — |
| Census tract / block | — |
| Special tax codes | — |
| MOD-IV current-year tax | — |
| Last sale | $732,500 · 5/19/2014 · sale assessment $122,200 |
| Deed book / page | 06005 / 00395 |
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.