Use this worksheet to calculate average, upper, and lower market value for a property.
Fill in the 2024 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 |
72.29 |
61.45 |
83.13 |
| BOONTON TWP. |
80.21 |
68.18 |
92.24 |
| BUTLER BORO. (reassess) |
100 |
100 |
100 |
| CHATHAM BORO. |
98.05 |
83.34 |
100 |
| CHATHAM TWP. |
76.08 |
64.67 |
87.49 |
| CHESTER BORO. (reassess) |
100 |
100 |
100 |
| CHESTER TWP. |
84.71 |
72 |
97.42 |
| DENVILLE TWP. |
74.11 |
62.99 |
85.23 |
| DOVER TOWN |
73.61 |
62.57 |
84.65 |
| EAST HANOVER TWP. |
63.55 |
54.02 |
73.08 |
| FLORHAM PARK BORO. |
82.98 |
70.53 |
95.43 |
| HANOVER TWP. |
74.66 |
63.46 |
85.86 |
| HARDING TWP. |
85.79 |
72.92 |
98.66 |
| JEFFERSON TWP. |
86.58 |
73.59 |
99.57 |
| KINNELON BORO. |
85.7 |
72.84 |
98.56 |
| LINCOLN PARK BORO.(reassess) |
100 |
100 |
100 |
| LONG HILL TWP. (reassess) |
100 |
100 |
100 |
| MADISON BORO. |
71.56 |
60.83 |
82.29 |
| MENDHAM BORO. |
82.06 |
69.75 |
94.37 |
| MENDHAM TWP. (reassess) |
100 |
100 |
100 |
| MINE HILL TWP. |
72.86 |
61.93 |
83.79 |
| MONTVILLE TWP. |
79.05 |
67.19 |
90.91 |
| MORRIS TWP. |
83.7 |
71.14 |
96.26 |
| MORRIS PLAINS BORO. |
78.17 |
66.44 |
89.9 |
| MORRISTOWN TOWN (reval) |
100 |
100 |
100 |
| MTN. LAKES BORO. (reassess) |
100 |
100 |
100 |
| MT. ARLINGTON BORO.( |
98.46 |
83.69 |
100 |
| MT. OLIVE TWP. |
75.39 |
64.08 |
86.7 |
| NETCONG BORO. |
92.07 |
78.26 |
100 |
| PAR-TROY HILLS TWP. |
75.75 |
64.39 |
87.11 |
| PEQUANNOCK TWP.(reassess) |
100 |
100 |
100 |
| RANDOLPH TWP. |
83.64 |
71.09 |
96.19 |
| RIVERDALE BORO. (reassess) |
100 |
100 |
100 |
| ROCKAWAY BORO. |
80.29 |
68.25 |
92.33 |
| ROCKAWAY TWP. (reassess) |
100 |
100 |
100 |
| ROXBURY TWP. |
77.9 |
66.21 |
89.59 |
| VICTORY GDNS. BORO. |
67.31 |
57.21 |
77.41 |
| WASHINGTON TWP. |
80.87 |
68.74 |
93 |
| WHARTON BORO. (reassess) |
100 |
100 |
100
|
