The Fair Share Report
115 Third St
Hillside, NJ 07820
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 $215,729 – $289,878, from 12 comparable Hillside 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 Hillside assessments sit below market value — republished every October, applied town-wide. A $236,191 home should be assessed near $57,465.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $465 below what the ratio math suggests (0.8%).
Step 4 · The tax rate — same for every Hillside home
$3.447 Schools · 39% $1.407 County · 16% $4.044 Town · 45%
Step 5 · The bill
This home vs. every recent Hillside sale · assessed ÷ market
14%36%
Paying about right
This home's ratio lands inside Hillside'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 |
|---|---|---|---|---|
| 270 WILLIAM ST | 2025-07 | $530,000 | — | 25.5% |
| 542 LEO ST | 2025-02 | $347,500 | 896 | 22.9% |
| 1507 HIAWATHA AVE | 2025-05 | $508,000 | 870 | 16.2% |
| 507 LOCUST AVE | 2026-01 | $390,000 | 900 | 22.5% |
| 617 TILLMAN ST | 2025-11 | $325,000 | 896 | 22.4% |
| 32 SAGER PL | 2025-05 | $375,000 | 1,038 | 24.5% |
| 279 GERTRUDE ST | 2025-07 | $629,000 | 722 | 25.5% |
| 320 BLOY ST | 2025-05 | $385,000 | 1,018 | 24.6% |
| 1449 LESLIE ST | 2025-07 | $240,000 | 985 | 28.8% |
| 307 HOLLYWOOD AVE | 2025-12 | $315,000 | 896 | 27.1% |
| 522 LOCUST AVE | 2025-09 | $470,000 | 985 | 20.1% |
| 519 BUCHANAN ST | 2024-12 | $450,000 | 1,159 | 22.3% |
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