| Primary address | 556 Madison Avenue, Somerset |
| Zip code | 08873 |
| County | Somerset |
| Municipality | Franklin Township |
| Block | 542 |
| Lot | 1 |
View detailed information on past sales, title documents and property taxes, including the assessed market value, in their dedicated tabs.
| Current property tax | $0 |
| Building class | Public Property (15C) |
| Acreage | 2.408 |
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:
Assessed at $770,000, the tax amount paid for 556 Madison Avenue, Somerset, NJ 08873 is $12,920.
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Create a free account to view the complete sales history for 556 Madison Avenue, Somerset, including title documents, transfer conditions, mortgages and liens.
Access detailed property tax data for 556 Madison Avenue, Somerset, NJ 08873. Tax information included: property tax, market value and assessed value, exemptions, abatements, and assessment history.
| Tax year: | 2025 |
| Base tax | $12,921 |
| Current property tax | $0 |
| Market value | $770,000 |
Here's the assessment & property tax history for 556 Madison Avenue, Somerset, 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 | $770,000 | $770,000 | 1.678 | $12,921 | -4.00% |
| 2024 | $770,000 | $770,000 | 1.748 | $13,460 | +0.07% |
| 2023 | $720,000 | $720,000 | 1.868 | $13,450 | -5.18% |
| 2022 | $720,000 | $720,000 | 1.97 | $14,184 | -8.16% |
| 2021 | $720,000 | $720,000 | 2.145 | $15,444 | -2.37% |
Create a free account to unlock extended information for 556 Madison Avenue, Somerset, 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).
| FEMA flood zone(s) | X (See more on map) |
| Fire hazard zone | See more on map |
| Geohazard zones map | Register |
Access the detailed traffic volume map for 556 Madison Avenue, Somerset 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) |
|---|---|---|---|---|---|
| Elizabeth Avenue Elementary School | 3 | Public | PK, K-5 | 554 | 0.43 |
| Elizabeth Avenue Elementary School | 3 | Public | PK, K-5 | 554 | 0.43 |
| Robert Morris School | 5 | Public | PK, K-8 | 430 | 0.50 |
| Robert Morris School | 5 | Public | PK, K-8 | 430 | 0.50 |
| Holy Family Academy | NR | Private | PK, K-8 | 0 | 1.07 |
| Name | Rating | Type | Grade range | No of students | Distance to school (mi) |
|---|---|---|---|---|---|
| Robert Morris School | 5 | Public | PK, K-8 | 430 | 0.50 |
| Community Middle School | 4 | Public | 7-8 | 285 | 1.05 |
| Holy Family Academy | NR | Private | PK, K-8 | 0 | 1.07 |
| Green Brook Academy | NR | Private | 8-12 | 35 | 1.08 |
| Thomas Edison EnergySmart Charter School | 10 | Charter | K-12 | 604 | 1.54 |
| Name | Rating | Type | Grade range | No of students | Distance to school (mi) |
|---|---|---|---|---|---|
| Green Brook Academy | NR | Private | 8-12 | 35 | 1.08 |
| Bound Brook High School | 2 | Public | 9-12 | 677 | 1.38 |
| Thomas Edison EnergySmart Charter School | 10 | Charter | K-12 | 604 | 1.54 |
| Somerset Bible Baptist Christian Academy | NR | Private | K-12 | 80 | 1.81 |
| Franklin Twp High School | 3 | Public | 9-12 | 2,220 | 2.07 |
Data provided by GreatSchools.org © 2025. All rights reserved.
Here are the neighbors for 556 Madison Avenue, Somerset.
| Address | Square feet | Purchase date | Purchase price |
|---|---|---|---|
| 546 Madison Ave, Somerset | |||
| 544 Madison Ave, Somerset | 1,548 | 06/07/2024 | $495,000 |
| 535 Madison Ave, Somerset | 09/17/2018 | ||
| 330 Elizabeth Ave, Somerset | 1,156 | 09/20/1979 | $55,000 |
| 578 Elizabeth Ave, Somerset | |||
| 590 Madison Ave, Somerset | 1,430 | 05/19/2011 | $225,000 |
| 534 Madison Ave, Somerset | 800 | ||
| 547 Madison Ave, Somerset | 06/25/2004 | $75,000 | |
| 334 Elizabeth Ave, Somerset | 4,000 | 12/15/1986 | $150,000 |
| 328 Elizabeth Ave, Somerset | 860 | 10/15/1987 | $137,000 |
| 324 Elizabeth Ave, Somerset | 957 | 08/29/2003 | $60,000 |
| 587 Madison Ave, Somerset | 12/30/1986 | $33,500,000 | |
| 580 Elizabeth Ave, Somerset | 04/20/1970 | ||
| 569 Madison Ave, Somerset | |||
| 609 Garfield Ave, Somerset | 1,092 | 08/12/1993 | $72,000 |
| 320 Elizabeth Ave, Somerset | 03/30/2017 | $1 | |
| 539 Madison Ave, Somerset | 07/29/2004 | ||
| 568 Madison Ave, Somerset | |||
| 201 Campus Dr, Somerset | 12/30/1986 | $33,500,000 | |
| 326 Elizabeth Ave, Somerset | 1,500 | 03/31/2011 | $1 |