Use this worksheet to calculate the average, upper, and lower market value for a property.
Fill in the 2026 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 |
63.26 |
53.77 |
72.75 |
| BOONTON TWP |
69.03 |
58.68 |
79.38 |
| BUTLER BORO |
100.00 |
100.00 |
100.00 |
| CHATHAM BORO |
83.67 |
71.12 |
96.22 |
| CHATHAM TWP |
66.41 |
56.45 |
76.37 |
| CHESTER BORO |
100.00 |
100.00 |
100.00 |
| CHESTER TWP |
73.5 |
62.48 |
84.53 |
| DENVILLE TWP |
65.68 |
55.83 |
75.53 |
| DOVER TOWN |
61.38 |
52.17 |
70.59 |
| EAST HANOVER |
51.41 |
43.70 |
59.12 |
| FLORHAM PARK |
65.98 |
56.08 |
75.88 |
| HANOVER TWP |
69.39 |
58.98 |
79.8 |
| HARDING TWP |
74.57 |
63.38 |
85.76 |
| JEFFERSON TWP |
69.72 |
59.26 |
80..18 |
| KINNELON BORO |
74.42 |
63.26 |
85.58 |
| LINCOLN PARK BORO |
100.00 |
100.00 |
100.00 |
| MADISON BORO |
60.22 |
51.19 |
69.25 |
| MENDHAM BORO |
71.81 |
61.04 |
82.58 |
| MENDHAM TWP |
100.00 |
100.00 |
100.00 |
| MINE HILL |
60.72 |
51.61 |
69.83 |
| MONTVILLE TWP |
68.53 |
58.25 |
78.81 |
| MORRIS TWP |
72.98 |
62.03 |
83.93 |
| MORRIS PLAINS |
68.1 |
57.89 |
78.32 |
| MORRISTOWN TOWN |
90.51 |
76.93 |
100.00 |
| MOUNTAIN LAKES |
100.00 |
100.00 |
100.00 |
| MOUNT ARLINGTON |
79.84 |
67.86 |
91.82 |
| MOUNT OLIVE |
66.12 |
56.2 |
76.04 |
| NETCONG BORO |
69.53 |
59.1 |
79.96 |
| PARSIPPANY TROY HILLS |
66.6 |
56.61 |
76.59 |
| LONG HILL |
100.00 |
100.00 |
100.00 |
| PEQUANNOCK TWP |
100.00 |
100.00 |
100.00 |
| RANDOLPH TWP |
71.53 |
60.8 |
82.26 |
| RIVERDALE BORO |
100 |
100 |
100.00 |
| ROCKAWAY BORO |
67.26 |
57.17 |
77.35 |
| ROCKAWAY TWP |
100.00 |
100.00 |
100.00 |
| ROXBURY TWP |
64.45 |
54.78 |
74.12 |
| VICTORY GARDENS |
100 |
100 |
100 |
| WASHINGTON TWP |
68.81 |
58.49 |
79.13 |
| WHARTON BORO |
100.00 |
100.00 |
100.00 |
