| Primary address | 5 Colonial Way, Madison |
| Zip code | 07940 |
| County | Morris |
| Municipality | Madison Borough |
| Block | 4402 |
| Lot | 17 |
View detailed information on past sales, title documents and property taxes, including the assessed market value, in their dedicated tabs.
| Property tax | $36,746 |
| Building sqft | 3,740 |
| Building class | Residential (2) |
| Acreage | 0.746 |
| Year built | 1972 |
| Stories | 2 |
| Garage | Attached |
| 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:
5 Colonial Way, Madison, NJ 07940 was built in 1972 and has a total of 3,740 square feet.
What is the assessed value of 5 Colonial Way, Madison, NJ 07940 and the property tax paid?Assessed at $1,454,700, the tax amount paid for 5 Colonial Way, Madison, NJ 07940 is $36,745.
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 5 Colonial Way, Madison, including title documents, transfer conditions, mortgages and liens.
Access detailed property tax data for 5 Colonial Way, Madison, NJ 07940. Tax information included: property tax, market value and assessed value, exemptions, abatements, and assessment history.
| Tax year: | 2025 |
| Property tax | $36,746 |
| Market value | $1,454,700 |
Here's the assessment & property tax history for 5 Colonial Way, 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 | $1,454,700 | $1,454,700 | 2.526 | $36,746 | +18.59% |
| 2024 | $1,454,700 | $1,454,700 | 2.13 | $30,985 | +3.45% |
| 2023 | $1,454,700 | $1,454,700 | 2.059 | $29,952 | +0.24% |
| 2022 | $1,454,700 | $1,454,700 | 2.054 | $29,880 | +1.38% |
| 2021 | $1,454,700 | $1,454,700 | 2.026 | $29,472 | +1.05% |
Create a free account to unlock extended information for 5 Colonial Way, 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 5 Colonial Way, 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) |
|---|---|---|---|---|---|
| Torey J. Sabatini Elementary School | 8 | Public | K-5 | 309 | 0.63 |
| Madison Montessori School | NR | Private | PK-K | 50 | 0.71 |
| Madison Montessori School | NR | Private | PK-K | 50 | 0.71 |
| St Vincent Martyr School | NR | Private | PK-8 | 461 | 0.75 |
| St Vincent Martyr School | NR | Private | PK-8 | 461 | 0.75 |
| Name | Rating | Type | Grade range | No of students | Distance to school (mi) |
|---|---|---|---|---|---|
| St Vincent Martyr School | NR | Private | PK-8 | 461 | 0.75 |
| Madison Junior Middle School | 6 | Public | 6-8 | 579 | 0.94 |
| Chatham Middle School | 7 | Public | 6-8 | 877 | 1.70 |
| St. Patrick School | NR | Private | PK, K-8 | 269 | 1.90 |
| Chatham Day School | NR | Private | PK-8 | 164 | 1.93 |
| Name | Rating | Type | Grade range | No of students | Distance to school (mi) |
|---|---|---|---|---|---|
| Chatham High School | 8 | Public | 9-12 | 1,231 | 1.59 |
| Madison High School | 6 | Public | 9-12 | 824 | 1.72 |
| Eclc Of New Jersey | NR | Private | 1-12 | 177 | 2.02 |
| Oratory Preparatory School | NR | Private | 7-12 | 373 | 3.24 |
| Summit Sr High School | 7 | Public | 9-12 | 1,161 | 3.25 |
Data provided by GreatSchools.org © 2025. All rights reserved.
Here are the neighbors for 5 Colonial Way, Madison.
| Address | Square feet | Purchase date | Purchase price |
|---|---|---|---|
| 9 Colonial Way, Madison | 3,618 | 06/08/2018 | $1,200,000 |
| 78 Garfield Ave, Madison | 5,807 | 06/01/2023 | $3,013,000 |
| 1 Colonial Way, Madison | 4,824 | 04/21/2010 | $2,030,000 |
| 63 Midwood Ter, Madison | 5,244 | 07/03/2006 | $2,600,000 |
| 11 Colonial Way, Madison | 5,587 | 02/26/2004 | $1,400,000 |
| 3 Colonial Way, Madison | 4,205 | 11/08/2013 | $1,650,000 |
| 69 Midwood Ter, Madison | 7,512 | 01/30/2007 | $5,100,000 |
| 49 Midwood Ter, Madison | 5,450 | 01/25/2017 | $1,665,000 |
| 2 Colonial Way, Madison | 4,218 | 07/19/2010 | $1,364,000 |
| 64 Garfield Ave, Madison | 3,974 | 06/23/2015 | $1,550,000 |
| 46 Garfield Ave, Madison | 3,483 | 09/11/2020 | $1,475,000 |
| 43 Midwood Ter, Madison | 3,916 | 05/04/2023 | $1,900,000 |
| 7 Colonial Way, Madison | 3,960 | 04/06/2026 | $2,855,107 |
| 8 Colonial Way, Madison | 4,490 | 07/17/2013 | $1,590,000 |
| 44 Garfield Ave, Madison | 4,304 | 08/01/2002 | $2,375,000 |
| 72 Garfield Ave, Madison | 3,129 | 07/31/2002 | $1,055,000 |
| 57 Midwood Ter, Madison | 6,634 | 07/31/2000 | $1,875,000 |
| 12 Colonial Way, Madison | 4,350 | 04/06/2018 | $1,150,000 |
| 60 Garfield Ave, Madison | 5,666 | 05/02/2019 | $1,880,000 |
| 88 Garfield Ave, Madison | 5,021 | 05/29/2019 | $1 |