2025 Deduction Detail

172-Morris Morris County

Deductions Allowed in SDPVS	Local Value	PTAD Value	Assigned Value
Homestead - State-Mandated Homestead Exemption	207,810,538	207,810,538	207,810,538
Homestead - State-Mandated Over-65 or Disabled	19,790,390	19,790,390	19,790,390
Homestead - 100% Disabled or Unemployable Veterans	4,940,300	4,940,300	4,940,300
Homestead - Disabled Veterans and Surviving Spouse	561,800	561,800	561,800
Homestead - Over-65 or Disabled Freeze Loss	7,690,475	7,268,225	7,690,475
Homestead - 10% Appraisal Cap Loss	32,059,802	31,660,875	32,059,802
Freeport	0	0	0
Pollution Control	182,060	182,060	182,060
Difference Between Taxable and Limited Value for Chapter 313 Value Limitation Agreement	0	0	0
Tax Increment Financing	0	0	0
Low Income Housing, Counties Under 1.8 Million Pop	0	0	0
Solar and Wind-Powered	0	0	0
Deferred Taxes	119,923	119,923	119,923
Prorations	7,920	7,920	7,920
Home Donated by Charity to Disabled Veterans	0	0	0
Disaster Reappraisal Market Value Adjustment	0	0	0
Homestead - Surviving Spouse 100% Disabled	0	0	0
Homestead - Surviving Spouse Service Member KIA	0	0	0
Homestead - Surviving Spouse First Responder LOD	0	0	0
Loss to Special Valuation	0	0	0
Bullion Depository	0	0	0
Personal Property In Transit	0	0	0
Medical or Biomedical	0	0	0
Loss to Non-Homestead Cap	14,095,930	14,095,930	14,095,930
JETI Agreements	0	0	0

Deductions Allowed in SDPVS	Local Value	PTAD Value	Assigned Value
Homestead - State-Mandated Homestead Exemption	6,641,518	6,641,518	6,641,518
Homestead - State-Mandated Over-65 or Disabled	698,049	698,049	698,049
Homestead - 100% Disabled or Unemployable Veterans	177,456	177,456	177,456
Homestead - Disabled Veterans and Surviving Spouse	13,000	13,000	13,000
Homestead - Over-65 or Disabled Freeze Loss	275,374	275,374	275,374
Homestead - 10% Appraisal Cap Loss	2,386,703	2,386,703	2,386,703
Freeport	0	0	0
Pollution Control	37,230,820	37,230,820	37,230,820
Difference Between Taxable and Limited Value for Chapter 313 Value Limitation Agreement	0	0	0
Tax Increment Financing	0	0	0
Low Income Housing, Counties Under 1.8 Million Pop	0	0	0
Solar and Wind-Powered	0	0	0
Deferred Taxes	0	0	0
Prorations	0	0	0
Home Donated by Charity to Disabled Veterans	0	0	0
Disaster Reappraisal Market Value Adjustment	0	0	0
Homestead - Surviving Spouse 100% Disabled	0	0	0
Homestead - Surviving Spouse Service Member KIA	0	0	0
Homestead - Surviving Spouse First Responder LOD	0	0	0
Loss to Special Valuation	0	0	0
Bullion Depository	0	0	0
Personal Property In Transit	0	0	0
Medical or Biomedical	0	0	0
Loss to Non-Homestead Cap	658,114	658,114	658,114
JETI Agreements	0	0	0

Deductions Allowed in SDPVS	Local Value	PTAD Value	Assigned Value
Homestead - State-Mandated Homestead Exemption	214,452,056	214,452,056	214,452,056
Homestead - State-Mandated Over-65 or Disabled	20,488,439	20,488,439	20,488,439
Homestead - 100% Disabled or Unemployable Veterans	5,117,756	5,117,756	5,117,756
Homestead - Disabled Veterans and Surviving Spouse	574,800	574,800	574,800
Homestead - Over-65 or Disabled Freeze Loss	7,965,849	7,543,599	7,965,849
Homestead - 10% Appraisal Cap Loss	34,446,505	34,047,578	34,446,505
Freeport	0	0	0
Pollution Control	37,412,880	37,412,880	37,412,880
Difference Between Taxable and Limited Value for Chapter 313 Value Limitation Agreement	0	0	0
Tax Increment Financing	0	0	0
Low Income Housing, Counties Under 1.8 Million Pop	0	0	0
Solar and Wind-Powered	0	0	0
Deferred Taxes	119,923	119,923	119,923
Prorations	7,920	7,920	7,920
Home Donated by Charity to Disabled Veterans	0	0	0
Disaster Reappraisal Market Value Adjustment	0	0	0
Homestead - Surviving Spouse 100% Disabled	0	0	0
Homestead - Surviving Spouse Service Member KIA	0	0	0
Homestead - Surviving Spouse First Responder LOD	0	0	0
Loss to Special Valuation	0	0	0
Bullion Depository	0	0	0
Personal Property In Transit	0	0	0
Medical or Biomedical	0	0	0
Loss to Non-Homestead Cap	14,754,044	14,754,044	14,754,044
JETI Agreements	0	0	0
Total Deductions Allowed in SDPVS	335,340,172	334,518,995	335,340,172