The Fair Share Report

114 Albert Dr

Union, NJ 08809

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.

Step 1 · Market value

≈ $935,000

Likely range $860,000 – $1,100,000, from 12 comparable Union sales in the past 18 months.

Step 2 · The Director's Ratio

86.66%

The state's official measure of how far Union assessments sit below market value — republished every October, applied town-wide. A $935,000 home should be assessed near $810,271.

Step 3 · Assessed value

$50,100

Set at the last town-wide revaluation and mostly frozen since. That's $760,171 below what the ratio math suggests (93.8%).

Step 4 · The tax rate — same for every Union home

$2.196 per $100 assessed

$1.570 Schools · 72% $0.386 County · 18% $0.239 Town · 11%

Step 5 · The bill

$1,101/yr
Public schools$787
Hunterdon County$194
Town of Union$120
Union average$10,880

This home vs. every recent Union sale · assessed ÷ market

Town median 80.8%
This home · 5.4%

0%105%

Keep quiet and enjoy it

This home's assessment ratio sits below the Union 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)

AddressSoldPriceSq ftRatio
190 MAIN STREET-JUTLAND2025-08$935,0004,68887.9%
4 FOX CHASE TURN2026-05$1,100,0003,31275.5%
304 HIDDEN MEADOW LANE2025-07$1,185,0004,51683.9%
2 GLACIER WAY2025-01$950,0003,50190.0%
17 SAM BONNELL DR2026-01$225,0001,03692.9%
463 COUNTY ROAD 5792025-10$830,0004,26094.5%
13 CARHART COURT2025-02$947,5004,52583.8%
11 WYCKOFF DRIVE2026-06$840,0003,09885.3%
9 STIRES WAY2025-12$860,0004,15884.4%
6 WYCKOFF DRIVE2025-12$999,0003,05080.8%
36 WYCKOFF DRIVE2025-09$902,5003,72490.8%
8 BAILEY FARM ROAD2025-05$1,150,0003,92077.8%

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Estimates from public records — NJ MOD-IV assessments, SR1A usable sales, and Treasury/DCA rate tables. Your house has a history. Write the next chapter on Plotline →