The Fair Share Report
10 Carson Rd
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 $507,353 – $607,229, from 12 comparable Mount Olive sales in the past 18 months, at this home's 1,920 sq ft.
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 $560,888 home should be assessed near $370,859.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $102,959 below what the ratio math suggests (27.8%).
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
37%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 |
|---|---|---|---|---|
| 13 LOUIS DR | 2025-02 | $610,000 | 1,960 | 42.7% |
| 5 STANLEY PL | 2025-10 | $560,000 | 2,136 | 61.0% |
| 11 WASHINGTON ST | 2025-08 | $665,000 | 2,073 | 48.2% |
| 31 HILLERY DR | 2025-06 | $605,000 | 2,071 | 41.3% |
| 88 SMITHTOWN RD | 2026-03 | $560,000 | 1,913 | 44.1% |
| 57 CLOVER HILL DR | 2026-03 | $470,000 | 1,824 | 58.7% |
| 21 RAMAR ST | 2025-09 | $455,000 | 1,900 | 68.3% |
| 5 FRANCIS TER | 2025-12 | $565,000 | 2,042 | 51.0% |
| 26 ROBERT ST | 2025-08 | $615,000 | 1,812 | 48.9% |
| 31 DEVONSHIRE TER | 2025-07 | $555,000 | 2,049 | 57.2% |
| 31 ORCHARD ST | 2025-09 | $525,000 | 1,660 | 40.3% |
| 50 CLOVER HILL DR | 2026-04 | $575,000 | 2,176 | 52.0% |
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