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 |
67.68 |
57.53 |
77.83 |
| BOONTON TWP |
77.68 |
66.03 |
89.33 |
| BUTLER BORO |
100.00 |
100.00 |
100.00 |
| CHATHAM BORO |
89.96 |
76.47 |
103.45 |
| CHATHAM TWP |
72.22 |
61.39 |
83.05 |
| CHESTER BORO |
84.89 |
72.16 |
97.62 |
| CHESTER TWP |
100.00 |
100.00 |
100.00 |
| DENVILLE TWP |
70.09 |
59.58 |
80.6 |
| DOVER TOWN |
68.64 |
58.34 |
78.94 |
| EAST HANOVER |
59.2 |
50.32 |
68.08 |
| FLORHAM PARK |
75.4 |
64.09 |
86.71 |
| HANOVER TWP |
76.03 |
64.63 |
87.43 |
| HARDING TWP |
79.7 |
67.74 |
91.66 |
| JEFFERSON TWP |
81.01 |
68.86 |
93.16 |
| KINNELON BORO |
81.06 |
68.9 |
93.22 |
| LINCOLN PARK BORO |
100.00 |
100.00 |
100.00 |
| MADISON BORO |
68.26 |
58.02 |
78.5 |
| MENDHAM BORO |
78.84 |
67.01 |
90.67 |
| MENDHAM TWP |
89.87 |
76.39 |
103.35 |
| MINE HILL |
67.75 |
57.59 |
77.91 |
| MONTVILLE TWP |
100.00 |
100.00 |
100.00 |
| MORRIS TWP |
78.9 |
67.06 |
90.74 |
| MORRIS PLAINS |
76.1 |
64.68 |
87.52 |
| MORRISTOWN TOWN |
96.15 |
81.73 |
100.00 |
| MOUNTAIN LAKES |
100.00 |
100.00 |
100.00 |
| MOUNT ARLINGTON |
87.73 |
74.57 |
100.00 |
| MOUNT OLIVE |
70.7 |
60.09 |
81.31 |
| NETCONG BORO |
82.62 |
70.23 |
95.01 |
| PARSIPPANY TROY HILLS |
71.16 |
60.49 |
81.83 |
| LONG HILL |
100.00 |
100.00 |
100.00 |
| PEQUANNOCK TWP |
100.00 |
100.00 |
100.00 |
| RANDOLPH TWP |
77.29 |
65.7 |
88.88 |
| RIVERDALE BORO |
93.31 |
79.31 |
100.00 |
| ROCKAWAY BORO |
76.25 |
64.81 |
87.69 |
| ROCKAWAY TWP |
100.00 |
100.00 |
100.00 |
| ROXBURY TWP |
71.32 |
60.62 |
82.02 |
| VICTORY GARDENS |
60.59 |
51.5 |
69.68 |
| WASHINGTON TWP |
74.66 |
63.46 |
85.86 |
| WHARTON BORO |
100.00 |
100.00 |
100.00 |
