The Fair Share Report
10 Kitchell Pl
Hanover, NJ 07981
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 $968,693 – $1,288,311, from 12 comparable Hanover sales in the past 18 months, at this home's 3,686 sq ft.
Step 2 · The Director's Ratio
The state's official measure of how far Hanover assessments sit below market value — republished every October, applied town-wide. A $1,215,868 home should be assessed near $843,691.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $274,291 below what the ratio math suggests (32.5%).
Step 4 · The tax rate — same for every Hanover home
$1.207 Schools · 59% $0.314 County · 15% $0.529 Town · 26%
Step 5 · The bill
This home vs. every recent Hanover sale · assessed ÷ market
39%85%
Paying about right
This home's ratio lands inside Hanover'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 |
|---|---|---|---|---|
| 11 NEMEC LN | 2026-01 | $975,000 | 3,710 | 60.2% |
| 66 BRANFORD RD | 2025-04 | $932,000 | 3,319 | 56.9% |
| 33 KARLA DR | 2025-05 | $800,000 | 3,972 | 74.1% |
| 1 HOLLEY ST | 2025-04 | $900,000 | 3,013 | 59.0% |
| 9 MCNAB AVE | 2025-06 | $950,000 | 2,880 | 53.4% |
| 95 POPLAR DR | 2025-01 | $1,100,000 | 3,777 | 56.7% |
| 10 CEDAR RUN | 2026-04 | $1,600,000 | 3,622 | 42.5% |
| 15 HOWELL ST | 2025-01 | $975,000 | 4,123 | 67.9% |
| 64 FOREST WAY | 2025-03 | $1,225,000 | 3,633 | 52.5% |
| 55 MCNAB AVE | 2025-02 | $1,100,000 | 3,182 | 53.1% |
| 601 MONROE CT | 2026-04 | $1,186,750 | 3,399 | 60.3% |
| 201 MONROE CT | 2026-03 | $1,188,000 | 3,399 | 58.7% |
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