The Fair Share Report
114 County Rd
Demarest, NJ 07627
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.
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Step 1 · Market value
Likely range $1,283,097 – $1,997,616, 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 $1,375,291 home should be assessed near $1,394,683.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $182,583 below what the ratio math suggests (13.1%).
Step 4 · The tax rate — same for every Demarest home
$1.149 Schools · 64% $0.219 County · 12% $0.438 Town · 24%
Step 5 · The bill
This home vs. every recent Demarest sale · assessed ÷ market
55%115%
Paying about right
This home's ratio lands inside Demarest'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 |
|---|---|---|---|---|
| 91 STEWART ST | 2026-01 | $1,250,000 | 2,678 | 84.1% |
| 29 JOHN ST | 2025-06 | $1,200,000 | 2,612 | 83.2% |
| 88 WOODLAND RD | 2025-07 | $1,825,000 | 2,508 | 76.7% |
| 45 DEMAREST AVE | 2025-10 | $1,210,000 | 2,520 | 84.9% |
| 15 LOIS AVE | 2025-12 | $1,495,000 | 2,079 | 82.9% |
| 15 LOIS AVE | 2025-04 | $900,000 | 2,079 | 137.7% |
| 72 HIGHLAND AVE | 2025-04 | $1,300,000 | 2,389 | 77.2% |
| 22 STELFOX ST | 2025-06 | $1,800,000 | 2,706 | 81.4% |
| 123 LENOX AVE | 2025-07 | $1,090,000 | 2,417 | 83.3% |
| 27 CENTRAL AVE | 2025-11 | $1,850,000 | 2,873 | 95.1% |
| 20 NORTHWOOD AVE | 2026-01 | $1,465,000 | 2,774 | 80.4% |
| 98 PRESCOTT ST | 2025-12 | $1,385,000 | 2,051 | 71.2% |
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