Financial & Assessment Core

Assessor Fair Market Value

$590,300

Taxable Assessed Value

$590,300

Est. Benchmark Tax (Unadjusted)

$10,625 / yr

at 1.8% benchmark baseline

Check Tax Equity Comps →

Cadastral Land Area

0.38 Acres

16,696 sq ft

Cadastral Attributes & Deed Registry

Recorded Legal Owner	Public Assessment Record
Mailing Address	226 CORNELIA ST, BOONTON, NJ NJ
Land Classification	15D
Improvement Share	62% Structure • 38% Land

Tax Equity Assessment Comps & Appeal Intelligence

🎯 Inequity Identified (4 Verified Comps)

228 CORNELIA ST is cataloged under the Morris County, NJ property tax appraisal roll with an assessor fair market valuation of $590,300. Structural improvements constitute 62% ($368,900) of total parcel value, with allocated land value accounting for 38% ($221,400). Based on the prevailing NJ benchmark tax rate of 1.8%, estimated annual ad valorem taxes are approximately $10,625/year.

Assessed Land Valuation Baseline

$13.2602 / sq ft

Pure Cadastral Land Allocation ($221,400)

Plat Equity Disparity

Up to 63.0% Lower

Avg 48.0% reduction across 4 comps

Est. Potential Tax Rollback

$1,913 / yr

Immediate relief against certified assessment roll

Verified Pure Land Comparables (Private Holdings on Immediate Plat):

Comparable APN	Street Address / Owner	Land Area	Certified Land Value	Land Rate / sq ft	Inequity Gap
VERIFIED COMP 1401_111_1	245 ROCKAWAY ST	64,033 sq ft	$314,400	$4.9100	-63.0%
LOCKED 1401_1•••••	CEDAR ••••••••••••	566 sq ft	$2,900	$5.1211	-61.4%
LOCKED 1401_1•••••	210 CO••••••••••••	50,094 sq ft	$431,000	$8.6038	-35.1%
LOCKED 1401_1•••••	230 FA••••••••••••	27,299 sq ft	$243,700	$8.9270	-32.7%

Official Value Adjustment Board (VAB) Evidence Packet Ready

Under Florida Statutes § 193.011 and county appraisal guidelines, presenting verified lower-assessed adjacent land comparables establishes prima facie proof of unequal assessment. Open the official certified evidence packet ready for VAB board submission.

🔒 Orders Paused for System Maintenance

Nearby Properties in Morris County

Adjacent Property & Address	City	Just Valuation
277 ROCKAWAY ST, BOONTON TOWN, NJ	BOONTON TOWN	$538,900
218 CORNELIA ST, BOONTON TOWN, NJ	BOONTON TOWN	$376,700
222 CORNELIA ST, BOONTON TOWN, NJ	BOONTON TOWN	$384,600
219 CHURCH ST, BOONTON TOWN, NJ	BOONTON TOWN	$534,100
223 CHURCH ST, BOONTON TOWN, NJ	BOONTON TOWN	$252,300
225 CHURCH ST, BOONTON TOWN, NJ	BOONTON TOWN	$169,800