Use this worksheet to calculate average, upper, and lower market value for a property.
Fill in the 2023 Total Assessment. Then fill in the Average Ratio, Lower Limit, and Upper Limit using values from this table based on your municipality:
|
Municipality
|
Average Ratio (%)
|
Lower Limit (%)
|
Upper Limit (%)
|
|
BOONTON TOWN
|
77.15
|
65.58
|
88.72
|
|
BOONTON TWP
|
83.62
|
71.08
|
96.16
|
|
BUTLER (reasses)
|
100.00
|
100.00
|
100.00
|
|
CHATHAM BORO
(Revaluation)
|
100.00
|
100.00
|
100.00
|
|
CHATHAM TWP.
|
81.38
|
69.17
|
93.59
|
|
CHESTER BORO
|
100.00
|
100.00
|
100.00
|
|
CHESTER TWP
|
90.12
|
76.70
|
100.00
|
|
DENVILLE
|
82.00
|
69.70
|
94.30
|
|
DOVER
|
78.73
|
66.92
|
90.54
|
|
EAST HANOVER
|
71.81
|
61.04
|
82.58
|
|
FLORHAM PARK
|
94.46
|
80.29
|
100
|
|
HANOVER TWP.
|
75.98
|
64.58
|
87.38
|
|
HARDING TWP.
|
89.92
|
76.43
|
100.00
|
|
JEFFERSON TWP.
|
91.97
|
78.17
|
100.00
|
|
KINNELON BORO
|
93.58
|
79.54
|
100.00
|
|
LINCOLN PARK BORO
|
82.51
|
70.13
|
94.89
|
|
LONG HILL TWP.
(reassess)
|
100.00
|
100.00
|
100.00
|
|
MADISON
|
81.53
|
69.3
|
93.76
|
|
MENDHAM BORO
|
88.91
|
75.57
|
100.00
|
|
MENDHAM TWP (reassess)
|
100.00
|
100.00
|
100.00
|
|
MINE HILL
|
80.04
|
68.03
|
92.05
|
|
MONTVILLE TWP.
|
84.15
|
71.53
|
96.77
|
|
MORRIS TWP.
|
89.69
|
76.24
|
100.00
|
|
MORRIS PLAINS BORO
|
84.09
|
71.48
|
96.7
|
|
MORRISTOWN
|
78.16
|
66.44
|
89.88
|
|
MTN.LAKES BORO (reassess)
|
100.00
|
100.00
|
100.00
|
|
MT ARLINTON BORO
(re-evaluation)
|
100.00
|
100.00 |
100.00
|
|
MT OLIVE TWP.
|
82.35
|
70.00
|
94.70
|
|
NETCONG BORO
|
96.37
|
81.91
|
100.00
|
|
PAR-TROY HILLS TWP.
|
76.72
|
65.21
|
88.23
|
|
PEQUANNOCK TWP. (reassess)
|
100.00
|
100.00
|
100.00
|
|
RANDOLPH TWP.
|
87.96
|
74.77
|
100.00
|
|
RIVERDALE BORO (reassess)
|
100.00
|
100.00
|
100.00
|
|
ROCKAWAY BORO
|
86.99
|
73.94
|
100.00
|
|
ROCKAWAY TWP. (reassess)
|
100.00
|
100.00
|
100.00
|
|
ROXBURY TWP.
|
82.18
|
69.85
|
94.51
|
|
VICTORY GDNS BORO
|
72.45
|
61.58
|
83.32
|
|
WASHINGTON TWP.
|
86.68
|
73.68
|
99.68
|
|
WHARTON BORO (reassess)
|
100.00
|
100.00
|
100.00
|
