The Fair Share Report
1 Third St
Mount Olive, NJ 07828
The town corrects for market drift once a year — but only on average. This report measures whether this house drifted with the herd or away from it.
This home's full record →Check another house →
Step 1 · Market value
Likely range $431,498 – $526,624, from 12 comparable Mount Olive sales in the past 18 months (home size estimated from assessor data — range widened).
Step 2 · The Director's Ratio
The state's official measure of how far Mount Olive assessments sit below market value — republished every October, applied town-wide. A $497,091 home should be assessed near $328,677.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $123,677 below what the ratio math suggests (37.6%).
Step 4 · The tax rate — same for every Mount Olive home
$2.310 Schools · 69% $0.345 County · 10% $0.711 Town · 21%
Step 5 · The bill
This home vs. every recent Mount Olive sale · assessed ÷ market
33%82%
Paying about right
This home's ratio lands inside Mount Olive's normal band. The drift hasn't singled it out — no case for a tax appeal.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 4 FERN AVE | 2026-02 | $550,000 | 1,456 | 39.5% |
| 12 WOODLAND AVE | 2026-04 | $542,000 | 1,700 | 38.8% |
| 8 CARTERET AVE | 2025-04 | $525,000 | 1,404 | 43.0% |
| 5 BABS RD | 2025-11 | $460,000 | 1,536 | 43.0% |
| 5 BABS RD | 2025-08 | $330,000 | 1,536 | 59.9% |
| 7 BREWSTER PL | 2025-08 | $555,000 | 1,503 | 50.2% |
| 48 OLD BUDD LAKE RD | 2026-04 | $210,000 | 1,252 | 92.1% |
| 9 HARWICH RD | 2025-06 | $610,000 | 1,503 | 48.9% |
| 9 HATAKAWANNA TER | 2025-07 | $460,000 | 1,168 | 44.5% |
| 10 ALDEN TER | 2026-04 | $610,000 | 1,529 | 45.6% |
| 39 ALDEN TER | 2025-11 | $560,000 | 1,529 | 50.0% |
| 15 DEER PATH DR | 2025-12 | $495,000 | 1,560 | 53.7% |
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