515 HOLMES ST is cataloged under the Morris County, NJ property tax appraisal roll with a certified market valuation of $238,200. Structural improvements constitute 31% ($74,900) of total parcel value, with allocated land value accounting for 69% ($163,300). Based on the prevailing NJ benchmark tax rate of 2.49%, estimated annual ad valorem taxes are approximately $5,931/year.
Value per Sq Ft
$38.11
Value per Acre
$1,659,930
Improvement Share
31% Structure
Est. Annual Tax
$5,931 / yr
Assessment Ratio
100.0%
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Estimated Annual Tax Reduction
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at 2.49% benchmark millage
Assessment Cap Status: Market Aligned — This parcel is currently assessed at full statutory market value ($238,200). A post-transfer reassessment presents minimal immediate tax shock risk for prospective purchasers.