The Fair Share Report
12 Cherry Ln
Mendham, NJ 07620
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 $851,387 – $1,035,797, from 12 comparable Mendham 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 Mendham assessments sit below market value — republished every October, applied town-wide. A $920,898 home should be assessed near $836,728.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $205,728 below what the ratio math suggests (24.6%).
Step 4 · The tax rate — same for every Mendham home
$1.254 Schools · 68% $0.246 County · 13% $0.339 Town · 18%
This home's own bill implies $1.715 per $100 — below the general rate, usually a deduction on the bill (senior, veteran, disabled).
Step 5 · The bill
This home vs. every recent Mendham sale · assessed ÷ market
55%113%
Keep quiet and enjoy it
This home's assessment ratio sits below the Mendham 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 |
|---|---|---|---|---|
| 1 DOGWOOD DR | 2026-01 | $975,000 | 2,427 | 80.0% |
| 4 GLENGARY DR | 2025-05 | $860,000 | 2,094 | 105.5% |
| 17 EAST MAIN ST | 2026-03 | $695,000 | 1,690 | 91.7% |
| 1 YARDLEY RD | 2025-01 | $927,000 | 1,603 | 77.8% |
| 13 HILLTOP CIR | 2025-06 | $950,000 | 1,954 | 87.4% |
| 10 IRONIA RD | 2026-05 | $765,000 | 1,742 | 85.6% |
| 6 THACKERY LN | 2026-05 | $1,050,000 | 2,184 | 81.1% |
| 6 WEST MAIN ST | 2026-03 | $620,000 | 2,530 | 107.5% |
| 47 WOODLAND RD | 2026-03 | $1,165,000 | 2,532 | 68.4% |
| 17 YARDLEY RD | 2026-05 | $1,535,000 | 3,205 | 63.5% |
| 2 EAST RIDGE RD | 2025-06 | $720,000 | 1,374 | 81.4% |
| 5 DOGWOOD DR | 2025-05 | $1,404,750 | 3,575 | 81.6% |
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