The Fair Share Report
10 E Dr
Stanhope, NJ 07874
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 $394,472 – $443,791, from 12 comparable Stanhope 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 Stanhope assessments sit below market value — republished every October, applied town-wide. A $421,940 home should be assessed near $233,502.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $260,598 above what the ratio math suggests (111.6%).
Step 4 · The tax rate — same for every Stanhope home
$2.600 Schools · 56% $0.686 County · 15% $1.373 Town · 29%
This home's own bill implies $1.818 per $100 — well off the general rate. That usually means the town revalued since the last bill.
Step 5 · The bill
This home vs. every recent Stanhope sale · assessed ÷ market
78%131%
Looks meaningfully over-assessed
Even at the generous end of the range, this home's ratio clears the Chapter 123 appeal line (63.64%) — roughly $12,141/yr at stake. NJ appeals are generally due April 1.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 329 ALPINE CT | 2026-03 | $402,000 | 1,512 | 73.4% |
| 9160 ASHLAND CT | 2026-02 | $350,000 | 1,512 | 94.3% |
| 8147 ASHLAND CT | 2025-04 | $400,000 | 1,512 | 92.0% |
| 6 HILL RD | 2025-02 | $503,000 | 1,842 | 98.2% |
| 14 HILL RD | 2026-05 | $515,000 | 1,767 | 98.4% |
| 13232 DELL PL | 2026-05 | $349,000 | 1,256 | 88.0% |
| 573 DELL PL | 2026-04 | $345,000 | 1,256 | 85.7% |
| 15291 ASPEN CT | 2026-04 | $315,000 | 1,256 | 97.5% |
| 12221 ASPEN CT | 2025-05 | $315,000 | 1,256 | 96.7% |
| 443 DELL PL | 2025-05 | $325,000 | 1,256 | 94.6% |
| 24 JAMES ST | 2026-01 | $450,000 | 1,492 | 103.9% |
| 104 STONEGATE LN | 2026-02 | $360,000 | 1,080 | 86.1% |
Is this your house?
Run your own report →