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Midland Park

MPK Tax Bills Up 86% Since 1999

08/27/2013 01:19PM ● By Rebecca K. Abma

Midland Park Borough Hall

Between 1999 and 2012, Midland Park property tax bills increased by an average of 86%, a figure that is on par with other communities in Northwest Bergen County. During the same period, average home values more than doubled in Midland Park, while overall tax rates stayed about the same.

During the same period, the percentage of residential verses commercial properties in Midland Park increased by 2.46% to 81.07% residential. In the Northwest Bergen County area, all but two towns are more than 80% residential. Ramsey and Mahwah are the exceptions with 76.86% and 76.35% residential, respectively. Ridgewood, with its busy downtown shopping area, is 89.39% residential.

Since the physical size and population of each community varies widely, we took a look at the overall community value per person and per square mile. Not surprisingly, Franklin Lakes has the highest value per person at more than $385,000 per person, with Wyckoff and Allendale placing second and third with $288,793  and $235,927, respectively. Highest value per square mile goes to Ridgewood with a value of $1.14 million per mile. Midland Park, the smallest of all towns in the region with just one-and-a-half square miles, ranked sixth out of the 11 towns we reviewed. 

Here’s a closer look at property values and taxes in our region. For more details, see the compilation of data MPK Press prepared in the attached PDF. 

Midland Park

  • Average Home Assessed Value: $392,037
  • Average Tax Bill: $10,076
  • Change since 1999: +$4,655 or +85.9%
  • Value Per square mile: $679,151,631
  • Value Per Person: $148,921
  • Percent Residential: 81.07%

Allendale

  • Average Home Assessed Value: $619,648
  • Average Tax Bill: $14,314
  • Change since 1999: +$6,092 or +74.1%
  • Value Per square mile: $492,049,429
  • Value Per Person: $235,927
  • Percent Residential: 86.97%

 Franklin Lakes

  • Average Home Assessed Value: $1,032,375
  • Average Tax Bill: $15,819
  • Change since 1999: +$6,934 or +78.0%
  • Value Per square mile: $415,043,972
  • Value Per Person: $385,924
  • Percent Residential: 87.25%

Glen Rock

  • Average Home Assessed Value: $547,904
  • Average Tax Bill: $14,489
  • Change since 1999: +$7,246 or 100%
  • Value Per square mile: $846,415,660
  • Value Per Person: $198,015
  • Percent Residential: 91.66%

Ho-Ho-Kus

  • Average Home Assessed Value: $751,375
  • Average Tax Bill: $14,177
  • Change since 1999: +$6,949 or +96.14%
  • Value Per square mile: $656,079,016
  • Value Per Person: $281,384
  • Percent Residential: 94.29%

Mahwah

  • Average Home Assessed Value: $469,655
  • Average Tax Bill: $7,634
  • Change since 1999: +$3,863 or +102.43%
  • Value Per square mile: $217,492,343
  • Value Per Person: $220,020
  • Percent Residential: 76.35%

Oakland

  • Average Home Assessed Value: $408,111
  • Average Tax Bill: $10,318
  • Change since 1999: +$5,080 or +96.98%
  • Value Per square mile: $248,838,061
  • Value Per Person: $170,288
  • Percent Residential: 83.03%

Ramsey

  • Average Home Assessed Value: $463,564
  • Average Tax Bill: $11,302
  • Change since 1999: +$5,288 or +87.93%
  • Value Per square mile: $507,355,589
  • Value Per Person: $195,994
  • Percent Residential: 78.68% 

Ridgewood

  • Average Home Assessed Value: $794,531
  • Average Tax Bill: $16,034
  • Change since 1999: +$7,168 or +80.84%
  • Value Per square mile: $1,137,892,574
  • Value Per Person: $265,255
  • Percent Residential: 89.39%

Waldwick

  • Average Home Assessed Value: $415,160
  • Average Tax Bill: $9,346
  • Change since 1999: +$4,051 or +76.50%
  • Value Per square mile: $746,007,714
  • Value Per Person: $161,758
  • Percent Residential: 89.01%

Wyckoff

  • Average Home Assessed Value: $811,990
  • Average Tax Bill: $12,449
  • Change since 1999: +$5,788 or +86.89%
  • Value Per square mile: $729,784,311
  • Value Per Person: $288,793
  • Percent Residential: 93.26%
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