The Fair Share Report
10 Second St
Mount Olive, NJ 07840
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 $285,000 – $460,000, from 12 comparable Mount Olive sales in the past 18 months.
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 $330,000 home should be assessed near $218,196.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $105,796 below what the ratio math suggests (48.5%).
Step 4 · The tax rate — same for every Mount Olive home
$2.310 Schools · 69% $0.345 County · 10% $0.711 Town · 21%
This home's own bill implies $5.120 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 Mount Olive sale · assessed ÷ market
19%82%
Keep quiet and enjoy it
This home's assessment ratio sits below the Mount Olive pack — the frozen assessment is treating it kindly. It pays less than a fresh look would charge.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 260 ROUTE 46 | 2025-07 | $240,000 | 742 | 54.0% |
| 5 BABS RD | 2025-11 | $460,000 | 1,536 | 43.0% |
| 5 BABS RD | 2025-08 | $330,000 | 1,536 | 59.9% |
| 31 LOZIER RD | 2025-01 | $285,000 | 962 | 69.7% |
| 14 STONEWALD RD | 2026-02 | $415,000 | 836 | 41.0% |
| 9 PROSPECT AVE | 2026-04 | $415,000 | 1,000 | 44.0% |
| 9 HATAKAWANNA TER | 2025-07 | $460,000 | 1,168 | 44.5% |
| 9 ANDERSON PL | 2025-11 | $325,000 | 672 | 51.6% |
| 29 FOREST RD | 2026-04 | $350,000 | 838 | 50.3% |
| 12 WOODLAND AVE | 2026-04 | $542,000 | 1,700 | 38.8% |
| 4 FIRST ST | 2025-12 | $275,000 | 840 | 62.3% |
| 5 LAKEVIEW AVE | 2026-03 | $224,000 | 948 | 74.8% |
Is this your house?
Run your own report →