Prospect Park Borough property tax rate
Passaic County, New Jersey · 2025 rates
General tax rate, 2025
6.231per $100 of assessed value
- Effective rate
- 2.913
- Change vs 2024
- +0.280
- Rank in Passaic County
- 16 of 16
- Rank in New Jersey
- 514 of 564
Ranks use the effective rate. 1 is the lowest.
What this rate covers
- County taxes
- School taxes
- Municipal taxes
- Special improvement or fire district charges, where they apply, may be billed separately
New Jersey combines these into one general rate per town, so every property in Prospect Park Borough is taxed at the same rate on its assessed value.
Estimate your 2025 bill
Use the assessed value from your assessment notice or last tax bill, not the market value. In many New Jersey towns the two are very different.
Estimated annual tax before deductions
—
Deductions, credits and relief programs can lower your bill. This estimate doesn't include them.
Rate history
Prospect Park Borough's general tax rate rose 4.7% from 2024 to 2025, and is +15.4% since 2021. 430 of 548 New Jersey municipalities saw their rate rise this year.
Year by year
| Year | General | Effective |
|---|---|---|
| 2025 | 6.231 | 2.913 |
| 2024 | 5.951 | 3.137 |
| 2023 | 5.522 | 3.241 |
| 2022 | 5.463 | 3.520 |
| 2021 | 5.401 | 3.791 |
Thinking of buying in Prospect Park Borough?
Compare with Passaic County
| Municipality | General | Effective | Change |
|---|---|---|---|
| Totowa Borough | 2.934 | 1.511 | +0.223 |
| North Haledon Borough | 3.187 | 2.045 | +0.127 |
| Passaic City | 4.258 | 2.113 | +0.135 |
| Little Falls Township | 3.496 | 2.170 | +0.164 |
| Clifton City | 6.129 | 2.193 | +0.193 |
| Wayne Township | 5.998 | 2.253 | +0.052 |
| Woodland Park Borough | 3.435 | 2.271 | +0.088 |
| Hawthorne Borough | 3.144 | 2.316 | +0.102 |
| Paterson City | 5.335 | 2.421 | +0.240 |
| West Milford Township | 4.214 | 2.489 | +0.160 |
| Pompton Lakes Borough | 4.131 | 2.533 | +0.188 |
| Ringwood Borough | 4.259 | 2.627 | +0.096 |
| Wanaque Borough | 4.541 | 2.642 | +0.228 |
| Haledon Borough | 5.428 | 2.771 | +0.148 |
| Bloomingdale Borough | 4.718 | 2.790 | +0.131 |
| Prospect Park Borough | 6.231 | 2.913 | +0.280 |
Questions about Prospect Park Borough property tax
Why is my bill different from this estimate?
The estimate applies the published rate to the assessed value you enter. Your bill can be lower if you qualify for exemptions or credits, and it can include separate district charges where they apply.
When does the next rate come out?
New rates are published once each year after budgets are adopted. Sign up below and we'll email you when Prospect Park Borough's new rate is out.
How does property tax work in New Jersey?
Our New Jersey property tax guide covers how assessments and rates work, when bills are due, relief programs and how to appeal.
Where does this rate come from?
Source: New Jersey Division of Taxation, 2025 General Tax Rates by County and Municipality. Retrieved 2026-10-24.
Rates are shown exactly as published. If a rate isn't published yet, we say so rather than estimate it. Spotted an error? Email [email protected].
Get the Prospect Park Borough rates when they're published
One email when new rates are out, and one before the appeal deadline. Nothing else.