| Primary address | 5 Park Place, Morristown |
| Zip code | 07960 |
| County | Morris |
| Municipality | Morristown Town |
| Block | 4802 |
| Lot | 19 |
View detailed information on past sales, title documents and property taxes, including the assessed market value, in their dedicated tabs.
| Sale date | 03/11/2016 |
| Sale price | $950,000 |
| Arm's length | Register |
| Property tax | $61,705 |
| Building sqft | 3,795 |
| Building class | Commercial-Mixed Use (101) |
| Acreage | 0.047 |
| Stories | 3 |
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 Commercial-Mixed Use (101) located at 5 Park Place, Morristown, NJ 07960 has a total of 3,795 square feet.
What is the assessed value of 5 Park Place, Morristown, NJ 07960 and the property tax paid?Assessed at $2,684,000, the tax amount paid for 5 Park Place, Morristown, NJ 07960 is $61,705.
When was 5 Park Place, Morristown, NJ 07960 last sold and what was the last sale price?5 Park Place, Morristown, NJ 07960 was last sold in 03/11/2016 for $950,000.
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 Park Place, Morristown, 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 5 Park Place, Morristown, NJ 07960. Tax information included: property tax, market value and assessed value, exemptions, abatements, and assessment history.
| Tax year: | 2025 |
| Property tax | $61,705 |
| Market value | $2,684,000 |
Here's the assessment & property tax history for 5 Park Place, Morristown, 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 | $2,684,000 | $2,684,000 | 2.299 | $61,705 | +45.97% |
| 2024 | $2,684,000 | $2,684,000 | 1.575 | $42,273 | +77.92% |
| 2023 | $817,600 | $817,600 | 2.906 | $23,759 | +0.62% |
| 2022 | $817,600 | $817,600 | 2.888 | $23,612 | +0.56% |
| 2021 | $817,600 | $817,600 | 2.872 | $23,481 | -0.38% |
| Total population | 46,702 |
| Median age | 40 |
| Average household income | $225,910 |
| Family households | 62.5% |
| Occupied housing units | 18,575 |
| Owner occupied units | 62.5% |
| Average number of people per household | 2.44 |
| Median year structure built | 1969 |
| Median value for units with a mortgage | $743,100 |
| Median value for units without a mortgage | $720,300 |
Create a free account to unlock extended information for 5 Park Place, Morristown, 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 Park Place, Morristown 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 5 Park Place, Morristown.
| Address | Square feet | Purchase date | Purchase price |
|---|---|---|---|
| 9 Speedwell Av W, Morristown | |||
| 28-46 South St, Morristown | 9,303 | ||
| 48 South St, Morristown | 9,505 | 07/15/2014 | $1 |
| 55 Park Pl, Morristown | 14,179 | 05/24/2017 | $3,700,000 |
| 42 Spring St, Morristown | 1,568 | 10/12/2017 | $649,000 |
| 22 South St, Morristown | 17,760 | 03/23/2000 | $1,600,000 |
| 50 South St, Morristown | 8,211 | 07/15/2014 | $1 |
| 46 Park Pl, Morristown | 5,088 | 03/21/2017 | $1,335,000 |
| 47 Park Pl, Morristown | 2,316 | 06/21/2017 | $550,000 |
| 16 South St, Morristown | 6,996 | 10/01/1996 | $563,000 |
| 47 Speedwell Ave, Morristown | |||
| 52 South St, Morristown | 3,424 | 07/24/2017 | $1 |
| 54 South St, Morristown | 02/01/2008 | $13,000,000 | |
| 21 Speedwell Ave Mall, Morristown | 198,000 | ||
| 2 South St, Morristown | 8,084 | 03/11/2016 | $1,750,000 |
| 18 South St, Morristown | 5,255 | 09/01/2002 | |
| 50 Park Pl, Morristown | 42,432 | ||
| 25 Speedwell Ave, Morristown | |||
| 19 Speedwell Ave E, Morristown | 04/28/2015 | $665,000 | |
| 10 South St, Morristown | 01/16/2003 | $1,550,000 |