| Primary address | 40 Main Street, Madison |
| Zip code | 07940 |
| County | Morris |
| Municipality | Madison Borough |
| Block | 1502 |
| Lot | 18 |
View detailed information on past sales, title documents and property taxes, including the assessed market value, in their dedicated tabs.
| Sale date | 11/20/2013 |
| Sale price | $1,650,000 |
| Arm's length | Register |
| Property tax | $35,897 |
| Building sqft | 9,358 |
| Building class | Store with Residential (738) |
| Acreage | 0.132 |
| Year built | 1920 |
| Exterior structural material | Register |
View more neighborhood information such as transportation, nearby schools and risk designations in the dedicated tab.
Property reports include comprehensive occupancy, improvement and development information (where available).
Create a free account to access valuable data points such as:
This Store with Residential (738) located at 40 Main Street, Madison, NJ 07940 has a total of 9,358 square feet and a current price per square foot of $176.
What is the year built & the current market value of 40 Main Street, Madison, NJ 07940?40 Main Street, Madison, NJ 07940 was built in 1920 and has a current tax assessor's market value of $1,421,100.
View detailed property contacts like owners, building management, representatives from permits and tenants with a free account.
| Listing type | For Lease |
|---|---|
| Listing date | 10/25/2024 |
| Last updated | 05/18/2026 |
| Lot size | 0.1318 Acre |
| Suite name | Space type | Lease rate | Available space | Brokers |
|---|---|---|---|---|
| 2nd Floor | Office | Listing price not available | 1,593 | Jon Compitello |
Create a free account to view the complete sales history for 40 Main Street, Madison, including title documents, transfer conditions, mortgages and liens.
| Purchase date | Purchase price | Buyer name | Seller name |
|---|---|---|---|
| 11/20/2013 | $1,650,000 | Register | Register |
To view the complete history of deeds, mortgages, assignments of leases and rents, and more, sign up for free. Available data goes back to 1966.
R: Recorded date
D: Document date
Access detailed property tax data for 40 Main Street, Madison, NJ 07940. Tax information included: property tax, market value and assessed value, exemptions, abatements, and assessment history.
| Tax year: | 2025 |
| Property tax | $35,897 |
| Market value | $1,421,100 |
Here's the assessment & property tax history for 40 Main Street, Madison, including the evolution of the total tax rate and corresponding property tax.
| Year | Market value | Assessment value | Total tax rate | Property tax | Year over year change |
|---|---|---|---|---|---|
| 2025 | $1,421,100 | $1,421,100 | 2.526 | $35,897 | +18.59% |
| 2024 | $1,421,100 | $1,421,100 | 2.13 | $30,269 | +3.45% |
| 2023 | $1,421,100 | $1,421,100 | 2.059 | $29,260 | +0.24% |
| 2022 | $1,421,100 | $1,421,100 | 2.054 | $29,189 | +1.38% |
| 2021 | $1,421,100 | $1,421,100 | 2.026 | $28,791 | +1.05% |
| Total population | 17,610 |
| Median age | 35.3 |
| Average household income | $263,789 |
| Family households | 68.3% |
| Occupied housing units | 5,653 |
| Owner occupied units | 64.0% |
| Average number of people per household | 2.65 |
| Median year structure built | 1961 |
| Median value for units with a mortgage | $973,000 |
| Median value for units without a mortgage | $872,000 |
Create a free account to unlock extended information for 40 Main Street, Madison, including whether it's located in FEMA flood zones, floodways or special flood hazard areas, as well as the Coastal barriers resources system area (COBRA).
| Fire hazard zone | See more on map |
| Geohazard zones map | Register |
Access the detailed traffic volume map for 40 Main Street, Madison to see estimated average daily traffic on streets surrounding the property as well as the types of properties in its vicinity.
| View daily traffic map |
Here are the neighbors for 40 Main Street, Madison.
| Address | Square feet | Purchase date | Purchase price |
|---|---|---|---|
| 52 Main St, Madison | 6,958 | 07/27/2000 | $10 |
| 36 Main St, Madison | 3,926 | 12/28/2023 | |
| 12 Main St, Madison | 21,907 | ||
| 6 Main St, Madison | 13,498 | 11/07/2000 | $1,700,000 |
| 54 Main St, Madison | 8,416 | 06/26/2024 | |
| 38 Central Ave, Madison | 2,977 | 04/28/2017 | $1,075,000 |
| 10-12 Central Ave, Madison | 5,052 | 03/31/2009 | $1 |
| 4 Park Ave, Madison | 6,991 | 06/18/2018 | $1,615,000 |
| 9 Main St, Madison | 6,612 | ||
| 30 Main St, Madison | 7,590 | 06/08/2017 | $1 |
| 6 Park Ave, Madison | 8,513 | 02/13/2023 | |
| 48 Central Ave, Madison | 2,656 | 05/01/2003 | $1 |
| 46 Main St, Madison | 15,766 | ||
| 26 Main St, Madison | 8,256 | 02/03/2026 | $1,900,000 |
| 25 Cook Ave, Madison | 10,352 | 12/19/2002 | $1 |
| 21 Cook Ave, Madison | 3,420 | 12/10/2019 | $595,000 |
| 60 Main St, Madison | 18,236 | 12/12/2008 | $1 |
| 14 Central Ave, Madison | 4,050 | 03/31/2009 | $1 |
| 44 Central Ave, Madison | 2,731 | 01/07/2015 | $1 |
| 18 Main St, Madison | 9,894 | 06/27/2017 | $1,700,000 |