The Fair Share Report
11 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 $971,468 – $1,259,598, from 12 comparable Hanover sales in the past 18 months, at this home's 2,724 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 $1,002,072 home should be assessed near $695,338.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $275,538 below what the ratio math suggests (39.6%).
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
28%85%
Keep quiet and enjoy it
This home's assessment ratio sits below the Hanover 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 |
|---|---|---|---|---|
| 26 KNOLLWOOD RD | 2025-07 | $1,160,000 | 2,682 | 48.0% |
| 401 VIERA DR | 2025-10 | $1,111,000 | 2,703 | 50.0% |
| 9 EVERGREEN LN | 2026-02 | $1,350,000 | 2,729 | 43.9% |
| 16 SLOPE DR | 2025-12 | $920,500 | 2,558 | 55.8% |
| 21 FOREST WAY | 2026-04 | $1,170,000 | 2,629 | 48.8% |
| 67 HENDRICKS DR | 2025-09 | $909,000 | 2,502 | 51.9% |
| 304 VIERA DR | 2025-10 | $875,000 | 2,904 | 70.5% |
| 4 FOREST HILL CT | 2026-03 | $1,310,000 | 2,833 | 51.0% |
| 7 HERITAGE LN | 2025-11 | $830,000 | 2,662 | 62.8% |
| 23 HERITAGE LN | 2025-01 | $980,000 | 2,664 | 57.1% |
| 105 POPLAR DR | 2025-10 | $1,225,000 | 2,496 | 46.3% |
| 4 ASH CIR | 2026-04 | $1,415,000 | 2,956 | 42.4% |
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