| Primary address | 55 Prospect Street, Madison |
| Zip code | 07940 |
| County | Morris |
| Municipality | Madison Borough |
| Block | 3702 |
| Lot | 31 |
View detailed information on past sales, title documents and property taxes, including the assessed market value, in their dedicated tabs.
| Property tax | $16,179 |
| Building sqft | 1,481 |
| Building class | Residential (2) |
| Acreage | 0.258 |
| Year built | 1945 |
| Stories | 2 |
| 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:
55 Prospect Street, Madison, NJ 07940 was built in 1945 and has a total of 1,481 square feet.
What is the assessed value of 55 Prospect Street, Madison, NJ 07940 and the property tax paid?Assessed at $640,500, the tax amount paid for 55 Prospect Street, Madison, NJ 07940 is $16,179.
View detailed property contacts like owners, building management, representatives from permits and tenants with a free account.
Create a free account to view the complete sales history for 55 Prospect Street, Madison, including title documents, transfer conditions, mortgages and liens.
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 55 Prospect Street, Madison, NJ 07940. Tax information included: property tax, market value and assessed value, exemptions, abatements, and assessment history.
| Tax year: | 2025 |
| Property tax | $16,179 |
| Market value | $640,500 |
Here's the assessment & property tax history for 55 Prospect 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 | $640,500 | $640,500 | 2.526 | $16,179 | +18.59% |
| 2024 | $640,500 | $640,500 | 2.13 | $13,643 | +3.45% |
| 2023 | $640,500 | $640,500 | 2.059 | $13,188 | +0.24% |
| 2022 | $640,500 | $640,500 | 2.054 | $13,156 | +1.38% |
| 2021 | $640,500 | $640,500 | 2.026 | $12,977 | +1.05% |
Create a free account to unlock extended information for 55 Prospect 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 55 Prospect 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 |
| Name | Rating | Type | Grade range | No of students | Distance to school (mi) |
|---|---|---|---|---|---|
| Madison Montessori School | NR | Private | PK-K | 50 | 0.20 |
| Madison Montessori School | NR | Private | PK-K | 50 | 0.20 |
| St Vincent Martyr School | NR | Private | PK-8 | 461 | 0.27 |
| St Vincent Martyr School | NR | Private | PK-8 | 461 | 0.27 |
| Central Avenue Elementary School | 9 | Public | PK, K-5 | 509 | 0.53 |
| Name | Rating | Type | Grade range | No of students | Distance to school (mi) |
|---|---|---|---|---|---|
| St Vincent Martyr School | NR | Private | PK-8 | 461 | 0.27 |
| Madison Junior Middle School | 6 | Public | 6-8 | 579 | 0.46 |
| Chatham Middle School | 7 | Public | 6-8 | 877 | 1.53 |
| Ridgedale Middle School | 7 | Public | 6-8 | 296 | 1.84 |
| St. Patrick School | NR | Private | PK, K-8 | 269 | 1.89 |
| Name | Rating | Type | Grade range | No of students | Distance to school (mi) |
|---|---|---|---|---|---|
| Madison High School | 6 | Public | 9-12 | 824 | 1.19 |
| Chatham High School | 8 | Public | 9-12 | 1,231 | 1.80 |
| Eclc Of New Jersey | NR | Private | 1-12 | 177 | 1.98 |
| Sinai Schools Maor | NR | Private | 14 | 3.26 | |
| Joseph Kushner Hebrew Academy | NR | Private | PK-12 | 727 | 3.28 |
Data provided by GreatSchools.org © 2025. All rights reserved.
Here are the neighbors for 55 Prospect Street, Madison.
| Address | Square feet | Purchase date | Purchase price |
|---|---|---|---|
| 59 Prospect St, Madison | 1,990 | ||
| 73 Prospect St, Madison | 3,878 | 09/07/2010 | $1 |
| 37 Prospect St, Madison | 2,286 | 09/23/2022 | $1,500,000 |
| 79 Prospect St, Madison | 2,666 | 06/26/2013 | $1,120,000 |
| 53 Prospect St, Madison | 3,869 | 06/25/2020 | $1,650,000 |
| 41 Prospect St, Madison | 4,527 | 04/04/2015 | $1,205,000 |
| 18 Maple Ave, Madison | 2,495 | 03/02/2015 | $972,000 |
| 75 Prospect St, Madison | 3,450 | 10/11/2019 | $1,275,000 |
| 22 Maple Ave, Madison | 2,288 | 07/14/2020 | $1 |
| 2 Washington Dr, Madison | 2,371 | ||
| 33 Prospect St, Madison | 2,856 | 01/13/2009 | $892,000 |
| 3 Washington Dr, Madison | 2,358 | 11/15/2013 | $950,000 |
| 4 Washington Dr, Madison | 2,704 | 04/20/2021 | $1,161,000 |
| 47 Prospect St, Madison | 2,898 | 07/15/2009 | $915,000 |
| 5 Washington Dr, Madison | 2,106 | 06/15/2004 | $735,000 |
| 6 Washington Dr, Madison | 2,668 | 08/21/2002 | $650,000 |
| 51 Prospect St, Madison | 1,838 | 12/08/2022 | $818,500 |
| 49 Prospect St, Madison | 2,342 | 08/01/2005 | $950,000 |
| 45 Prospect St, Madison | 2,690 | 12/15/2014 | $999,999 |
| 1 Washington Dr, Madison | 2,659 | 06/24/2010 | $890,000 |