The Fair Share Report
116 Millbrook Rd
Hardwick, NJ 07825
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 $596,191 – $702,150, from 12 comparable Hardwick 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 Hardwick assessments sit below market value — republished every October, applied town-wide. A $692,494 home should be assessed near $366,814.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $32,914 below what the ratio math suggests (9.0%).
Step 4 · The tax rate — same for every Hardwick home
$2.227 Schools · 58% $0.965 County · 25% $0.633 Town · 17%
This home's own bill implies $3.750 per $100 — below the general rate, usually a deduction on the bill (senior, veteran, disabled).
Step 5 · The bill
This home vs. every recent Hardwick sale · assessed ÷ market
34%66%
Paying about right
This home's ratio lands inside Hardwick'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 |
|---|---|---|---|---|
| 2 TARA COURT | 2025-06 | $710,000 | 2,839 | 52.1% |
| 122 MILLBROOK ROAD | 2026-04 | $720,000 | 3,036 | 52.4% |
| 47 WARD ROAD | 2026-04 | $699,000 | 2,792 | 44.9% |
| 82 STILLWATER ROAD | 2025-06 | $600,000 | 2,372 | 48.0% |
| 3 SPRING VALLEY ROAD | 2025-07 | $555,000 | 2,153 | 50.3% |
| 27 STILLWATER ROAD | 2025-06 | $478,000 | 2,508 | 42.4% |
| 37 JONES LANE | 2026-06 | $465,000 | 2,099 | 44.6% |
| 39 STILLWATER ROAD | 2025-12 | $475,000 | 2,888 | 41.7% |
| 211 MILLBROOK ROAD | 2025-11 | $680,000 | 3,408 | 49.7% |
| 42 SAND POND ROAD | 2025-03 | $515,000 | 1,770 | 45.4% |
| 82 SPRING VALLEY ROAD | 2025-12 | $531,000 | 1,782 | 43.3% |
| 5 GAISLER ROAD | 2025-09 | $505,000 | 1,918 | 52.8% |
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