The Fair Share Report
107 County Rd
Demarest, NJ 07627
The town adjusts for market price changes once a year — but only based on the average price change of all homes in the area. This report checks whether this house's assessment kept pace.
This home's payments are about right
It sits inside Demarest's normal range — market price changes haven't singled it out. No case for a tax appeal.
Step 1 · Market value
Likely range $983,930 – $1,396,101, from 12 comparable Demarest 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 Demarest assessments sit below market value — republished every October, applied town-wide. A $1,177,259 home should be assessed near $1,193,858.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $283,558 below what the ratio math suggests (23.8%).
Step 4 · The tax rate — same for every Demarest home
$1.149 Schools · 64% $0.219 County · 12% $0.438 Town · 24%
This home's own bill implies $1.778 per $100 — below the general rate, usually a deduction on the bill (senior, veteran, disabled).
Step 5 · The bill
This home vs. every recent Demarest sale · assessed ÷ market
60%115%
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 67 CENTRAL AVE | 2025-07 | $1,480,000 | 2,457 | 73.0% |
| 75 ANDERSON AVE | 2025-05 | $885,000 | 2,201 | 125.0% |
| 16 JOHN ST | 2025-12 | $1,175,000 | 1,750 | 78.9% |
| 40 MEADOW ST | 2025-11 | $900,000 | 1,782 | 93.1% |
| 16 POPLAR RD | 2025-05 | $1,200,000 | 2,058 | 92.6% |
| 6 ISABELLA WAY | 2025-07 | $1,300,000 | 2,676 | 85.2% |
| 20 NORTHWOOD AVE | 2026-01 | $1,465,000 | 2,774 | 80.4% |
| 98 PRESCOTT ST | 2025-12 | $1,385,000 | 2,051 | 71.2% |
| 15 LOIS AVE | 2025-12 | $1,495,000 | 2,079 | 82.9% |
| 15 LOIS AVE | 2025-04 | $900,000 | 2,079 | 137.7% |
| 17 CYPRESS PL | 2025-07 | $1,050,000 | 1,817 | 82.4% |
| 32 HIGHLAND AVE | 2025-12 | $999,999 | 1,903 | 88.8% |
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